Question 1

What is STERIS's P/E ratio?

Accepted Answer

STERIS (STE) P/E ratio is 26.7× as of June 5, 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 STERIS?

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 STERIS specifically, the relevant sector benchmark is the current sector median of 25.0×.

Question 5

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

Accepted Answer

STERIS's P/E ratio of 26.7× is below its own 5-year average of 67.2× and above the sector median of 25.0×. That places the current reading at the 0th 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 STERIS's historical P/E ratio range?

Accepted Answer

In the available daily series, STERIS (STE) P/E ratio has ranged from a low of 12.3× in 2009 to a high of 216.8× in 2023. The 5-year average is 67.2× and the 5-year median is 54.4×.

Question 7

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

Accepted Answer

STERIS (STE) P/E ratio at the end of 2026 was 27.7×. 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 STERIS'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	$21.67B	$782.40M	27.7×	-8.5×	Mar 31, 2026
2025	$22.27B	$614.64M	36.2×	-21.5×	Mar 31, 2025
2024	$21.85B	$378.24M	57.8×	-119.3×	Mar 31, 2024
2023	$18.95B	$107.03M	177.0×	+77.8×	Mar 31, 2023
2022	$24.20B	$243.89M	99.2×	+58.2×	Mar 31, 2022
2021	$16.26B	$395.99M	41.1×	+11.9×	Mar 31, 2021
2020	$11.88B	$407.61M	29.2×	-6.3×	Mar 31, 2020
2019	$10.77B	$304.05M	35.4×	+8.2×	Mar 31, 2019
2018	$7.92B	$290.92M	27.2×	-26.4×	Mar 31, 2018
2017	$5.90B	$109.96M	53.6×	-1.5×	Mar 31, 2017
2016	$6.10B	$110.76M	55.1×	+24.1×	Mar 31, 2016
2015	$4.19B	$135.06M	31.0×	+9.3×	Mar 31, 2015
2014	$2.81B	$129.44M	21.7×	+6.7×	Mar 31, 2014
2013	$2.41B	$159.98M	15.1×	+1.7×	Mar 31, 2013
2012	$1.82B	$136.12M	13.4×	-26.5×	Mar 31, 2012
2011	$2.05B	$51.27M	39.9×	+24.5×	Mar 31, 2011
2010	$1.98B	$128.47M	15.4×	+3.2×	Mar 31, 2010
2009	$1.36B	$110.69M	12.3×	-9.1×	Mar 31, 2009
2008	$1.65B	$77.11M	21.4×	+0.6×	Mar 31, 2008
2007	$1.71B	$82.15M	20.9×	-2.6×	Mar 31, 2007
2006	$1.65B	$70.29M	23.5×	+3.1×	Mar 31, 2006
2005	$1.76B	$85.98M	20.4×	+1.6×	Mar 31, 2005
2004	$1.77B	$94.24M	18.8×	-4.0×	Mar 31, 2004
2003	$1.81B	$79.44M	22.8×	-8.7×	Mar 31, 2003
2002	$1.46B	$46.20M	31.5×	—	Mar 31, 2002


Medtronic (MDT)	22.2×
McKesson (MCK)	22.2×
Illumina (ILMN)	21.7×
ResMed (RMD)	21.6×
GE HealthCare (GEHC)	21.6×
Pfizer (PFE)	21.1×
Quest Diagnostics (DGX)	21.1×
Henry Schein (HSIC)	21.0×
AptarGroup (ATR)	20.9×
IQVIA (IQV)	20.7×
UnitedHealth Group (UNH)	20.4×
Biogen (BIIB)	19.7×
Zoetis (ZTS)	18.9×
Gilead Sciences (GILD)	18.8×
Humana (HUM)	18.5×
Regeneron Pharmaceuticals (REGN)	18.2×
Bristol-Myers Squibb (BMY)	17.0×
HCA Healthcare (HCA)	15.8×
DaVita (DVA)	13.3×
Incyte (INCY)	13.1×
Elevance Health (ELV)	12.3×
Cigna (CI)	11.1×
Novo Nordisk (NVO)	8.6×
Solventum (SOLV)	7.9×
Universal Health Services (UHS)	7.2×

P/E Ratio for STERIS (STE)

P/E Ratio daily chart for STERIS (STE)

Historical P/E Ratio for STERIS (STE) from 2002 to 2026

About P/E Ratio at STERIS (STE)

STERIS P/E Ratio by Year

STERIS P/E Ratio 2026: 27.7×

STERIS P/E Ratio 2025: 36.2×

STERIS P/E Ratio 2024: 57.8×

STERIS P/E Ratio 2023: 177.0×

STERIS P/E Ratio 2022: 99.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

STERIS (STE) Key Financials

P/E Ratio daily chart for STERIS (STE)

Historical P/E Ratio for STERIS (STE) from 2002 to 2026

About P/E Ratio at STERIS (STE)

STERIS P/E Ratio by Year

STERIS P/E Ratio 2026: 27.7×

STERIS P/E Ratio 2025: 36.2×

STERIS P/E Ratio 2024: 57.8×

STERIS P/E Ratio 2023: 177.0×

STERIS P/E Ratio 2022: 99.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is STERIS's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for STERIS?

+Is STERIS's P/E ratio high or low?

+What is STERIS's historical P/E ratio range?

+What was STERIS's P/E ratio in 2026?

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

STERIS (STE) Key Financials