Question 1

What is Flex's P/E ratio?

Accepted Answer

Flex (FLEX) P/E ratio is 39.6× as of July 29, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Flex?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Flex specifically, the relevant sector benchmark is the current sector median of 32.0×.

Question 5

Is Flex's P/E ratio high or low?

Accepted Answer

Flex's P/E ratio of 39.6× is above its own 5-year average of 14.7× and above the sector median of 32.0×. That places the current reading at the 95th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Flex's historical P/E ratio range?

Accepted Answer

In the available daily series, Flex (FLEX) P/E ratio has ranged from a low of 6.8× in 2011 to a high of 725.9× in 2004. The 5-year average is 14.7× and the 5-year median is 13.1×.

Question 7

What was Flex's P/E ratio in 2026?

Accepted Answer

Flex (FLEX) P/E ratio at the end of 2026 was 27.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Flex's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$24.5B	$880M	27.8×	+12.5×	Mar 31, 2026
2025	$12.9B	$838M	15.4×	+3.4×	Mar 31, 2025
2024	$12B	$1.01B	11.9×	-1.2×	Mar 31, 2024
2023	$10.4B	$793M	13.1×	+3.9×	Mar 31, 2023
2022	$8.55B	$936M	9.1×	-6.1×	Mar 31, 2022
2021	$9.35B	$613M	15.3×	-33.0×	Mar 31, 2021
2020	$4.2B	$87.1M	48.2×	-9.4×	Mar 31, 2020
2019	$5.38B	$93.4M	57.6×	+37.5×	Mar 31, 2019
2018	$8.62B	$429M	20.1×	-8.4×	Mar 31, 2018
2017	$9.12B	$320M	28.5×	+13.4×	Mar 31, 2017
2016	$6.73B	$444M	15.1×	+2.7×	Mar 31, 2016
2015	$7.45B	$601M	12.4×	-2.7×	Mar 31, 2015
2014	$5.53B	$366M	15.1×	+0.7×	Mar 31, 2014
2013	$4.32B	$299M	14.4×	+4.3×	Mar 31, 2013
2012	$4.95B	$489M	10.1×	+0.6×	Mar 31, 2012
2011	$5.68B	$596M	9.5×	-333.0×	Mar 31, 2011
2010	$6.37B	$18.6M	342.5×	—	Mar 31, 2010
2009	$2.34B	-$6.11B	—	—	Mar 31, 2009
2008	$7.78B	-$639M	—	—	Mar 31, 2008
2007	$6.45B	$509M	12.7×	-29.5×	Mar 31, 2007
2006	$5.95B	$141M	42.1×	+22.2×	Mar 31, 2006
2005	$6.77B	$340M	19.9×	—	Mar 31, 2005
2004	$9.01B	-$352M	—	—	Mar 31, 2004
2003	$4.52B	-$83.5M	—	—	Mar 31, 2003
2002	$9.21B	-$154M	—	—	Mar 31, 2002


NetApp (NTAP)	16.8×
Corpay (CPAY)	16.7×
Ondas Holdings (ONDS)	16.4×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Roper Technologies (ROP)	13.8×
Zoom Communications (ZM)	13.8×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
Amkor Technology (AMKR)	0.0×

P/E Ratio for Flex (FLEX) 2005-2026

P/E Ratio daily chart for Flex (FLEX)

Historical P/E Ratio for Flex (FLEX) from 2002 to 2026

About P/E Ratio at Flex (FLEX)

Flex P/E Ratio by Year

Flex P/E Ratio 2026: 27.8×

Flex P/E Ratio 2025: 15.4×

Flex P/E Ratio 2024: 11.9×

Flex P/E Ratio 2023: 13.1×

Flex P/E Ratio 2022: 9.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Flex (FLEX) Key Financials