Flex Ltd. (FLEX) P/E Ratio History
ExpensiveTrading at 70.0x vs 5Y avg 14.4x · 100th percentile · Material premium to history · Data 1995–2026
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P/E Ratio Analysis
As of June 22, 2026, Flex Ltd. (FLEX) trades at a price-to-earnings ratio of 70.0x, with a stock price of $147.61 and trailing twelve-month earnings per share of $2.27.
The current P/E is 386% above its 5-year average of 14.4x. Over the past five years, FLEX's P/E has ranged from a low of 7.4x to a high of 27.1x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, FLEX trades at a 141% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
The PEG ratio of 1.07 (P/E divided by -7% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, FLEX commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FLEX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FLEX Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FLEX P/E vs Peers
Electronics Manufacturing and Circuit Boards peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $39B | 62.8 | 0.83 | -47% | |
| $43B | 51.1 | 0.70Best | +102% | |
| $3B | 135.5 | 10.98 | -60% | |
| $13B | 54.1 | 3.05 | +14% | |
| $8B | 47.9 | 4.91 | +56% | |
| $145B | 31.1Lowest | 16.95 | -15% | |
| $84B | 37.3 | 8.26 | +18% | |
| $202B | 49.1 | 1.77 | +74% | |
| $168B | 105.4 | 3.77 | +219%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FLEX Historical P/E Data (1995–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Dec 31 2025 | $60.42 | $2.23 | 27.1x | -44% |
| FY2026 Q2 | Sep 26 2025 | $56.85 | $2.26 | 25.2x | -48% |
| FY2026 Q1 | Jun 27 2025 | $49.89 | $2.28 | 21.9x | -55% |
| FY2025 Q4 | Mar 31 2025 | $33.08 | $2.12 | 15.6x | -68% |
| FY2025 Q3 | - | $38.39 | $2.48 | 15.5x | -68% |
| FY2025 Q2 | Sep 27 2024 | $33.56 | $2.26 | 14.8x | -69% |
| FY2025 Q1 | Jun 28 2024 | $29.49 | $2.23 | 13.2x | -73% |
| FY2024 Q4 | Mar 31 2024 | $28.61 | $2.30 | 12.4x | -74% |
| FY2024 Q3 | Dec 31 2023 | $22.16 | $1.68 | 13.2x | -73% |
| FY2024 Q2 | Sep 29 2023 | $26.98 | $1.73 | 15.6x | -68% |
| FY2024 Q1 | Jun 30 2023 | $27.64 | $1.72 | 16.1x | -67% |
| FY2023 Q4 | Mar 31 2023 | $23.01 | $1.71 | 13.5x | -72% |
| FY2023 Q3 | Dec 31 2022 | $21.46 | $1.76 | 12.2x | -75% |
| FY2023 Q2 | Sep 30 2022 | $16.66 | $1.74 | 9.6x | -80% |
| FY2023 Q1 | Jul 01 2022 | $14.25 | $1.93 | 7.4x | -85% |
| FY2022 Q4 | - | $18.55 | $1.94 | 9.6x | -80% |
| FY2022 Q3 | Dec 31 2021 | $18.33 | $2.05 | 8.9x | -81% |
| FY2022 Q2 | Oct 01 2021 | $18.23 | $1.98 | 9.2x | -81% |
| FY2022 Q1 | Jul 02 2021 | $17.87 | $1.51 | 11.8x | -75% |
| FY2021 Q4 | Mar 31 2021 | $18.31 | $1.20 | 15.3x | -68% |
| FY2021 Q3 | - | $17.98 | $0.83 | 21.8x | -55% |
| FY2021 Q2 | Sep 25 2020 | $10.53 | $0.64 | 16.6x | -66% |
| FY2021 Q1 | Jun 26 2020 | $9.93 | $0.19 | 53.6x | +11% |
| FY2020 Q4 | - | $8.38 | $0.17 | 48.5x | +1% |
| FY2020 Q1 | Jun 28 2019 | $9.57 | $0.04 | 256.6x | +432% |
| FY2019 Q4 | Mar 31 2019 | $10.00 | $0.17 | 58.8x | +22% |
| FY2019 Q3 | Dec 31 2018 | $7.61 | $0.25 | 30.1x | -38% |
| FY2019 Q2 | Sep 28 2018 | $13.12 | $0.56 | 23.3x | -52% |
| FY2019 Q1 | Jun 29 2018 | $14.11 | $0.78 | 18.0x | -63% |
| FY2018 Q4 | Mar 31 2018 | $16.33 | $0.79 | 20.6x | -57% |
| FY2018 Q3 | Dec 31 2017 | $17.99 | $0.99 | 18.2x | -62% |
| FY2018 Q2 | Sep 29 2017 | $16.57 | $1.01 | 16.4x | -66% |
| FY2018 Q1 | Jun 30 2017 | $16.31 | $0.63 | 26.1x | -46% |
| FY2017 Q4 | Mar 31 2017 | $16.80 | $0.59 | 28.7x | -40% |
| FY2017 Q3 | Dec 31 2016 | $14.37 | $0.54 | 26.8x | -44% |
| FY2017 Q2 | Sep 30 2016 | $13.62 | $0.57 | 24.1x | -50% |
| FY2017 Q1 | Jul 01 2016 | $11.78 | $0.79 | 14.9x | -69% |
| FY2016 Q4 | - | $12.06 | $0.79 | 15.3x | -68% |
| FY2016 Q3 | - | $11.21 | $0.91 | 12.3x | -74% |
| FY2016 Q2 | Sep 25 2015 | $10.42 | $0.90 | 11.6x | -76% |
| FY2016 Q1 | Jun 26 2015 | $11.84 | $0.91 | 13.0x | -73% |
| FY2015 Q4 | - | $12.68 | $1.01 | 12.6x | -74% |
| FY2015 Q3 | Dec 31 2014 | $11.18 | $0.85 | 13.2x | -73% |
| FY2015 Q2 | Sep 26 2014 | $10.51 | $0.82 | 12.8x | -73% |
| FY2015 Q1 | Jun 27 2014 | $11.20 | $0.78 | 14.4x | -70% |
| FY2014 Q4 | Mar 31 2014 | $9.24 | $0.58 | 15.9x | -67% |
| FY2014 Q3 | - | $7.77 | $0.47 | 16.6x | -66% |
| FY2014 Q2 | Sep 30 2013 | $9.09 | $0.31 | 29.4x | -39% |
| FY2014 Q1 | Jun 28 2013 | $7.74 | $0.34 | 22.8x | -53% |
| FY2013 Q4 | Mar 31 2013 | $6.76 | $0.44 | 15.4x | -68% |
| FY2013 Q3 | Dec 31 2012 | $6.21 | $0.66 | 9.4x | -80% |
| FY2013 Q2 | Sep 28 2012 | $6.00 | $0.73 | 8.2x | -83% |
| FY2013 Q1 | Jun 29 2012 | $6.20 | $0.69 | 9.0x | -81% |
| FY2012 Q4 | Mar 31 2012 | $7.22 | $0.67 | 10.8x | -78% |
| FY2012 Q3 | Dec 31 2011 | $5.66 | $0.67 | 8.4x | -82% |
| FY2012 Q2 | Sep 30 2011 | $5.63 | $0.79 | 7.1x | -85% |
| FY2012 Q1 | Jul 01 2011 | $6.60 | $0.79 | 8.4x | -83% |
| FY2011 Q4 | - | $7.47 | $0.76 | 9.8x | -80% |
| FY2011 Q3 | Dec 31 2010 | $7.85 | $0.65 | 12.0x | -75% |
| FY2011 Q2 | Oct 01 2010 | $6.04 | $0.50 | 12.0x | -75% |
| FY2011 Q1 | Jul 02 2010 | $5.68 | $0.34 | 16.5x | -66% |
| FY2010 Q4 | Mar 31 2010 | $7.84 | $0.01 | 560.0x | +1062% |
| FY2008 Q2 | Sep 28 2007 | $11.18 | $0.77 | 14.5x | -70% |
| FY2008 Q1 | Jun 29 2007 | $10.80 | $0.88 | 12.3x | -75% |
| FY2007 Q4 | Mar 31 2007 | $10.94 | $0.85 | 12.9x | -73% |
| FY2007 Q3 | Dec 31 2006 | $11.48 | $0.72 | 15.8x | -67% |
| FY2007 Q2 | Sep 30 2006 | $12.64 | $0.59 | 21.3x | -56% |
| FY2007 Q1 | Jun 30 2006 | $10.62 | $0.28 | 37.9x | -21% |
| FY2006 Q4 | Mar 31 2006 | $10.35 | $0.24 | 43.1x | -11% |
| FY2006 Q3 | Dec 31 2005 | $10.44 | $0.30 | 35.3x | -27% |
| FY2006 Q2 | Sep 30 2005 | $12.85 | $0.40 | 32.5x | -33% |
| FY2006 Q1 | Jul 01 2005 | $13.18 | $0.56 | 23.5x | -51% |
| FY2005 Q4 | - | $12.04 | $0.59 | 20.4x | -58% |
| FY2005 Q3 | Dec 31 2004 | $13.82 | $0.49 | 28.2x | -42% |
| FY2005 Q2 | - | $13.25 | $0.36 | 36.8x | -24% |
| FY2005 Q1 | Jun 30 2004 | $15.95 | $0.01 | 1548.5x | +3112% |
| FY2000 Q4 | Mar 31 2000 | $35.22 | $0.51 | 69.1x | +43% |
| FY2000 Q3 | Dec 31 1999 | $22.97 | $0.36 | 64.4x | +34% |
| FY2000 Q2 | Sep 24 1999 | $15.02 | $0.33 | 46.0x | -5% |
| FY2000 Q1 | Jun 25 1999 | $13.16 | $0.33 | 40.3x | -16% |
| FY1999 Q4 | Mar 31 1999 | $12.75 | $0.31 | 41.6x | -14% |
| FY1999 Q3 | - | $10.70 | $0.25 | 43.6x | -9% |
| FY1999 Q2 | Sep 25 1998 | $4.47 | $0.20 | 22.9x | -53% |
| FY1999 Q1 | Jun 26 1998 | $5.17 | $0.17 | 31.3x | -35% |
| FY1998 Q4 | - | $5.40 | $0.14 | 38.5x | -20% |
| FY1998 Q3 | Dec 31 1997 | $4.31 | $0.11 | 39.7x | -18% |
| FY1998 Q2 | - | $5.95 | $0.07 | 85.2x | +77% |
| FY1998 Q1 | Jun 30 1997 | $3.38 | $0.07 | 49.3x | +2% |
| FY1997 Q4 | Mar 31 1997 | $2.48 | $0.06 | 39.1x | -19% |
| FY1996 Q3 | Dec 31 1995 | $3.75 | $0.10 | 37.2x | -23% |
| FY1996 Q2 | Sep 30 1995 | $3.22 | $0.09 | 35.5x | -26% |
| FY1996 Q1 | Jun 30 1995 | $2.73 | $0.09 | 30.1x | -38% |
| FY1995 Q4 | Mar 31 1995 | $1.72 | $0.09 | 19.0x | -61% |
Average P/E for displayed period: 48.2x
Full Stock Analysis
Deep dive into FLEX consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
31+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
FLEX — Frequently Asked Questions
Quick answers to the most common questions about buying FLEX stock.
What is FLEX's P/E ratio?
Flex Ltd. (FLEX) trailing twelve-month P/E ratio is 70.0x, based on TTM diluted EPS of $2.27. The 5-year average P/E is 14.4x and the historical range spans 7.4x to 27.1x.
Is FLEX stock overvalued or undervalued?
FLEX trades at 70.0x P/E, above its 5-year average of 14.4x. The 100th percentile ranking within the 7.4x–27.1x historical range indicates a premium to historical valuation.
Is FLEX stock expensive?
Yes, FLEX is expensive relative to its own history. The current P/E of 70.0x is above the 5-year average of 14.4x and also above the Technology sector median of 29.0x. The stock sits at the 100th percentile of its 5-year valuation range.
What is FLEX's historical P/E range?
Over the past 5 years, FLEX's P/E ratio has ranged from 7.4x to 27.1x, with a median of 13.5x and an average of 14.4x. The current P/E of 70.0x places the stock at the 100th percentile of this range. Full historical data spans 1995–2026.
How does FLEX's P/E compare to the S&P 500?
FLEX trades at 70.0x P/E versus the S&P 500 median of 24.4x. The 187% premium to the market typically reflects higher expected earnings growth or quality.
How does FLEX's valuation compare to Technology peers?
Flex Ltd. P/E of 70.0x compares to the Technology sector median of 29.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FLEX's PEG ratio?
FLEX PEG ratio is 1.07, based on a P/E of 70.0x and EPS growth of -7.5%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is FLEX's earnings yield?
FLEX earnings yield is 1.43%, the inverse of its 70.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.