Start with its own history
At 111.83×, CLFD is 235.3% above its 8-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · CLFDCommunication EquipmentUpdated Nov 2, 2026
Clearfield, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
111.83×
235.3% abovethe 8-observation annual average
Share price32.43
÷Earnings per share0.29
Price and EPS in quote currency. Calculation details
Investors are paying 111.83 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 33.35×
3-year average13.21×1 positive annual observations
5-year average24.09×3 positive annual observations
10-year average33.35×8 positive annual observations
Peer median · TTM50.85×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2025 | N/M | N/M |
| Sep 30, 2024 | N/M | N/M |
| Sep 30, 2023 | 13.21× | -54.8% |
| Sep 30, 2022 | 29.23× | -2.0% |
| Sep 30, 2021 | 29.83× | -21.6% |
| Sep 30, 2020 | 38.06× | +9.2% |
| Sep 30, 2019 | 34.85× | -16.5% |
| Sep 30, 2018 | 41.72× | -14.1% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2017 | 48.57× | +55.0% |
| Sep 30, 2016 | 31.33× | -18.3% |
| Sep 30, 2015 | 38.37× | +26.6% |
| Sep 30, 2014 | 30.31× | -14.2% |
| Sep 30, 2013 | 35.34× | +323.8% |
| Sep 30, 2012 | 8.34× | -27.9% |
| Sep 30, 2011 | 11.57× | -60.5% |
| Sep 30, 2010 | 29.30× | +110.7% |
| Sep 30, 2009 | 13.91× | +55.8% |
| Sep 30, 2008 | 8.92× | N/M |
| Sep 30, 2007 | N/M | N/M |
| Mar 31, 2007 | N/M | N/M |
| Mar 31, 2005 | N/M | N/M |
| Mar 31, 2004 | N/M | N/M |
| Mar 31, 2003 | N/M | N/M |
| Mar 31, 2002 | N/M | N/M |
| Mar 31, 2001 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How CLFD compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 CLFD This stockClearfield, Inc. | 111.83× |
 OCCOptical Cable Corporation | 41.06× |
 LPTHLightPath Technologies, Inc. | N/M |
 AVNWAviat Networks, Inc. | 108.47× |
 CRNTCeragon Networks Ltd. | N/M |
 CALXCalix, Inc. | 46.14× |
 CIENCiena Corporation | 67.65× |
 NOKNokia Oyj | 55.55× |
 ERICTelefonaktiebolaget LM Ericsson (publ) | 18.59× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does CLFD’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 50.85×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take CLFD into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("CLFD", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 32.43 ÷ EPS 0.29 = 111.83×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
CLFD P/E ratio: common questions
The essentials behind the numbers.
Clearfield, Inc.'s current P/E is 111.83× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.