Start with its own history
At 16.57×, ICLR is 59.1% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · ICLRMedical - Diagnostics & ResearchUpdated Nov 4, 2026
ICON Public Limited Company P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
16.57×
59.1% belowthe 10-year annual average
Share price203.11
÷Earnings per share12.26
Price and EPS in quote currency. Calculation details
Investors are paying 16.57 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 40.46×
3-year average40.73×3 positive annual observations
5-year average57.87×5 positive annual observations
10-year average40.46×10 positive annual observations
Peer median · TTM31.71×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 62.40× | +185.7% |
| Dec 31, 2024 | 21.84× | -42.4% |
| Dec 31, 2023 | 37.95× | +21.1% |
| Dec 31, 2022 | 31.33× | -76.9% |
| Dec 31, 2021 | 135.83× | +338.2% |
| Dec 31, 2020 | 31.00× | +23.3% |
| Dec 31, 2019 | 25.14× | +16.0% |
| Dec 31, 2018 | 21.68× | +0.5% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 21.57× | +36.2% |
| Dec 31, 2016 | 15.83× | -16.9% |
| Dec 31, 2015 | 19.04× | +4.6% |
| Dec 31, 2014 | 18.21× | -23.9% |
| Dec 31, 2013 | 23.91× | -20.7% |
| Dec 31, 2012 | 30.17× | -33.0% |
| Dec 31, 2011 | 45.03× | +200.2% |
| Dec 31, 2010 | 15.00× | +11.1% |
| Dec 31, 2009 | 13.50× | -8.1% |
| Dec 31, 2008 | 14.69× | -7.4% |
| Dec 31, 2007 | 15.86× | +13.6% |
| Dec 31, 2006 | 13.96× | -68.8% |
| Dec 31, 2005 | 44.72× | +479.3% |
| May 31, 2005 | 7.72× | +55.3% |
| May 31, 2004 | 4.97× | +12.5% |
| May 31, 2003 | 4.42× | -18.7% |
| May 31, 2002 | 5.44× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How ICLR compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 ICLR This stockICON Public Limited Company | 16.57× |
 MEDPMedpace Holdings, Inc. | 35.77× |
 IQVIQVIA Holdings Inc. | 31.71× |
 FTREFortrea Holdings Inc. | N/M |
 CRLCharles River Laboratories International, Inc. | 319.89× |
 LHLabcorp Holdings Inc. | 29.97× |
 WUXIFWuXi AppTec Co., Ltd. | 16.21× |
 300759.SZPharmaron Beijing Co., Ltd. | 46.88× |
 603127.SSJoinn Laboratories(China)Co.,Ltd. | 28.45× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does ICLR’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 31.71×. 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 ICLR 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("ICLR", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 203.11 ÷ EPS 12.26 = 16.57×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 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.
ICLR P/E ratio: common questions
The essentials behind the numbers.
ICON Public Limited Company's current P/E is 16.57× based on the quote data last updated Nov 4, 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.