Start with its own history
At 26.20×, FLEX is 5.7% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · FLEXHardware, Equipment & PartsUpdated Nov 2, 2026
Flex Ltd. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
26.20×
5.7% abovethe 10-year annual average
Share price86.7143
÷Earnings per share3.31
Price and EPS in quote currency. Calculation details
Investors are paying 26.20 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 24.79×
3-year average18.36×3 positive annual observations
5-year average15.53×5 positive annual observations
10-year average24.79×10 positive annual observations
Peer median · TTM27.90×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2026 | 28.09× | +81.7% |
| Mar 31, 2025 | 15.46× | +34.3% |
| Mar 31, 2024 | 11.51× | -12.4% |
| Mar 31, 2023 | 13.15× | +39.6% |
| Mar 31, 2022 | 9.42× | -36.7% |
| Mar 31, 2021 | 14.89× | -69.8% |
| Mar 31, 2020 | 49.29× | -14.2% |
| Mar 31, 2019 | 57.44× | +184.9% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2018 | 20.16× | -29.2% |
| Mar 31, 2017 | 28.47× | +88.9% |
| Mar 31, 2016 | 15.07× | +23.6% |
| Mar 31, 2015 | 12.19× | -20.8% |
| Mar 31, 2014 | 15.40× | -2.6% |
| Mar 31, 2013 | 15.81× | +48.9% |
| Mar 31, 2012 | 10.62× | +9.4% |
| Mar 31, 2011 | 9.70× | -97.5% |
| Mar 31, 2010 | 392.00× | N/M |
| Mar 31, 2009 | N/M | N/M |
| Mar 31, 2008 | N/M | N/M |
| Mar 31, 2007 | 12.72× | -69.3% |
| Mar 31, 2006 | 41.40× | +109.8% |
| Mar 31, 2005 | 19.74× | N/M |
| Mar 31, 2004 | N/M | N/M |
| Mar 31, 2003 | N/M | N/M |
| Mar 31, 2002 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FLEX compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FLEX This stockFlex Ltd. | 26.20× |
 CLSCelestica Inc. | 24.18× |
 JBLJabil Inc. | 27.67× |
 SANMSanmina Corporation | 28.67× |
 PLXSPlexus Corp. | 28.14× |
 BHEBenchmark Electronics, Inc. | 44.78× |
 FNFabrinet | 24.66× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FLEX’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 27.90×. 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 FLEX 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("FLEX", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 86.7143 ÷ EPS 3.31 = 26.20×. 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.
FLEX P/E ratio: common questions
The essentials behind the numbers.
Flex Ltd.'s current P/E is 26.20× 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.