In the current session, the stock is trading at $76.15, after a 1.12% spike. Over the past month, Ingersoll Rand Inc. (NYSE:IR) stock increased by 6.67%, and in the past year, by 46.88%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
A Look at Ingersoll Rand P/E Relative to Its Competitors
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against ...