Common Stock Valuation Ratios (Price Multiples)
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
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Current Valuation Ratios
Roper Technologies Inc., current price multiples
| Roper Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | Technology Hardware & Equipment | Information Technology | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||
| Current share price (P) | |||||||||||
| No. shares of common stock outstanding | |||||||||||
| Growth rate (g) | |||||||||||
| Earnings per share (EPS) | |||||||||||
| Next year expected EPS | |||||||||||
| Operating profit per share | |||||||||||
| Sales per share | |||||||||||
| Book value per share (BVPS) | |||||||||||
| Valuation Ratios (Price Multiples) | |||||||||||
| Price to earnings (P/E) | |||||||||||
| Price to next year expected earnings | |||||||||||
| Price-earnings-growth (PEG) | |||||||||||
| Price to operating profit (P/OP) | |||||||||||
| Price to sales (P/S) | |||||||||||
| Price to book value (P/BV) | |||||||||||
Based on: 10-K (reporting date: 2022-12-31).
If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.
Historical Valuation Ratios (Summary)
Roper Technologies Inc., historical price multiples
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Price to earnings (P/E) | ||||||
| Price to operating profit (P/OP) | ||||||
| Price to sales (P/S) | ||||||
| Price to book value (P/BV) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Price to Earnings (P/E) Ratio
- The Price to Earnings ratio exhibited significant fluctuations over the period analyzed. Beginning at 35.04 in 2018, it dropped substantially to 21.11 in 2019, then surged sharply to 42.42 in 2020 and remained relatively high at 40.24 in 2021. In 2022, it decreased dramatically to 10.03, indicating a considerable change in market valuation relative to earnings. This decline suggests either a notable increase in earnings, a decrease in the stock price, or a combination thereof in the final year.
- Price to Operating Profit (P/OP) Ratio
- The Price to Operating Profit ratio showed a gradual upward trend from 23.69 in 2018 to 31.33 in 2021. In 2022, there was a slight decrease to 29.9. Overall, this trend reflects a generally increasing market valuation relative to operating profits up until 2021, with a modest correction thereafter.
- Price to Sales (P/S) Ratio
- The Price to Sales ratio consistently increased throughout the period, starting at 6.37 in 2018 and incrementally rising each year to reach 8.48 by 2022. This steady growth indicates a sustained increase in the market's valuation relative to sales, potentially reflecting growing investor confidence or improved revenue quality.
- Price to Book Value (P/BV) Ratio
- The Price to Book Value ratio slightly declined from 4.28 in 2018 to 3.84 in 2020, rose a bit to 4.01 in 2021, and then dropped more markedly to 2.84 in 2022. The general downward trend in the latter years may imply a relative decline in market valuation compared to the company's book value, possibly driven by changes in asset valuation or investor sentiment adjustments.
Price to Earnings (P/E)
Roper Technologies Inc., historical P/E calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Net earnings (in thousands) | ||||||
| Earnings per share (EPS)2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/E ratio4 | ||||||
| Benchmarks | ||||||
| P/E Ratio, Competitors5 | ||||||
| Apple Inc. | ||||||
| Arista Networks Inc. | ||||||
| Cisco Systems Inc. | ||||||
| Dell Technologies Inc. | ||||||
| Super Micro Computer Inc. | ||||||
| P/E Ratio, Sector | ||||||
| Technology Hardware & Equipment | ||||||
| P/E Ratio, Industry | ||||||
| Information Technology | ||||||
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
EPS = Net earnings ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Roper Technologies Inc. Annual Report.
4 2022 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
- Share price
- The share price demonstrated an overall upward trend from 2018 to 2022, increasing from $319.35 to a peak of $439.21 in 2021 before slightly declining to $428.99 in 2022. This indicates a generally positive market valuation with a minor correction in the final year observed.
- Earnings per share (EPS)
- EPS showed significant volatility across the years. It rose sharply from $9.12 in 2018 to $16.66 in 2019, then dropped markedly to $9.05 in 2020. Subsequent years saw moderate recovery to $10.91 in 2021 followed by a substantial surge to $42.78 in 2022. The large increase in EPS in 2022 suggests considerable improvement in profitability or earnings capacity.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio exhibited a declining trend overall. Starting at 35.04 in 2018, it decreased to 21.11 in 2019, then sharply climbed to 42.42 in 2020 and remained elevated at 40.24 in 2021 before steeply dropping to 10.03 in 2022. The very low P/E in 2022 relative to previous years reflects the substantial increase in earnings relative to the share price, indicating the stock became more attractively priced in terms of earnings at that time.
Price to Operating Profit (P/OP)
Roper Technologies Inc., historical P/OP calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Income from operations (in thousands) | ||||||
| Operating profit per share2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/OP ratio4 | ||||||
| Benchmarks | ||||||
| P/OP Ratio, Competitors5 | ||||||
| Apple Inc. | ||||||
| Arista Networks Inc. | ||||||
| Cisco Systems Inc. | ||||||
| Dell Technologies Inc. | ||||||
| Super Micro Computer Inc. | ||||||
| P/OP Ratio, Sector | ||||||
| Technology Hardware & Equipment | ||||||
| P/OP Ratio, Industry | ||||||
| Information Technology | ||||||
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
Operating profit per share = Income from operations ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Roper Technologies Inc. Annual Report.
4 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited a consistent upward trajectory from 2018 through 2021, increasing from $319.35 to a peak of $439.21. However, in 2022 there was a slight decline to $428.99, indicating a minor reversal after several years of growth.
- Operating Profit Per Share
- The operating profit per share showed a general stability over the five-year period, fluctuating moderately but maintaining a relatively narrow range between $13.48 and $14.35. This reflects a consistent profitability on a per-share basis without significant volatility.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio increased steadily from 23.69 in 2018 to a high of 31.33 in 2021, suggesting that the market valuation grew faster than operating profit per share. In 2022, the ratio decreased slightly to 29.9, which aligns with the modest decline in share price while operating profit per share continued to increase marginally.
- Overall Insights
- The data indicates a generally positive market sentiment with rising share prices and heightened valuation multiples over the period. Operating profitability per share remained stable, implying that the share price growth was primarily driven by market expectations rather than large shifts in operating profit fundamentals. The slight downturn in share price and valuation ratio in 2022 may reflect market adjustments or external factors influencing investor sentiment.
Price to Sales (P/S)
Roper Technologies Inc., historical P/S calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Net revenues (in thousands) | ||||||
| Sales per share2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/S ratio4 | ||||||
| Benchmarks | ||||||
| P/S Ratio, Competitors5 | ||||||
| Apple Inc. | ||||||
| Arista Networks Inc. | ||||||
| Cisco Systems Inc. | ||||||
| Dell Technologies Inc. | ||||||
| Super Micro Computer Inc. | ||||||
| P/S Ratio, Sector | ||||||
| Technology Hardware & Equipment | ||||||
| P/S Ratio, Industry | ||||||
| Information Technology | ||||||
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
Sales per share = Net revenues ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Roper Technologies Inc. Annual Report.
4 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price
- The share price showed a generally upward trend from 2018 to 2021, increasing from 319.35 US$ to a peak of 439.21 US$. In 2022, however, a slight decline to 428.99 US$ was observed, marking a deviation from the prior years' consistent growth.
- Sales per Share
- Sales per share exhibited minor fluctuations over the period. It increased steadily from 50.1 US$ in 2018 to 54.71 US$ in 2021, followed by a noticeable decline to 50.56 US$ in 2022, almost returning to the 2018 level. This reversal may indicate a change in sales performance or company revenue distribution in the latest year.
- Price-to-Sales Ratio (P/S)
- The P/S ratio trended upward throughout the entire period, rising from 6.37 in 2018 to 8.48 in 2022. Despite the dip in share price and sales per share in 2022, this ratio continued to increase, suggesting that the market valuation relative to sales has become more expensive over time.
Price to Book Value (P/BV)
Roper Technologies Inc., historical P/BV calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Stockholders’ equity (in thousands) | ||||||
| Book value per share (BVPS)2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/BV ratio4 | ||||||
| Benchmarks | ||||||
| P/BV Ratio, Competitors5 | ||||||
| Apple Inc. | ||||||
| Arista Networks Inc. | ||||||
| Cisco Systems Inc. | ||||||
| Dell Technologies Inc. | ||||||
| Super Micro Computer Inc. | ||||||
| P/BV Ratio, Sector | ||||||
| Technology Hardware & Equipment | ||||||
| P/BV Ratio, Industry | ||||||
| Information Technology | ||||||
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Roper Technologies Inc. Annual Report.
4 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price
- The share price demonstrated a generally upward trend from 2018 through 2021, rising from $319.35 to a peak of $439.21. However, in 2022, there was a slight decline to $428.99, indicating a modest correction or market adjustment after several years of growth.
- Book Value per Share (BVPS)
- Book value per share consistently increased every year, growing from $74.69 in 2018 to $150.95 in 2022. This steady rise suggests ongoing accumulation of shareholder equity and improvements in the underlying net asset value of the company over the analyzed period.
- Price-to-Book Value Ratio (P/BV)
- The P/BV ratio showed a decreasing trend overall. Starting at 4.28 in 2018, the ratio slightly decreased through 2019 and 2020, remained relatively stable in 2021 at 4.01, then sharply declined to 2.84 in 2022. This decline indicates that the share price growth did not keep pace with the increase in book value per share during the final year, potentially reflecting changes in market valuation or investor perception.