P/E Ratio Insights for Ingersoll Rand - Ingersoll Rand (NYSE:IR)

Core Viewpoint - Ingersoll Rand Inc. (NYSE:IR) is currently experiencing a price of $80.24, reflecting a 0.58% increase in the current market session, but has seen a decline of 2.88% over the past month and 17.50% over the past year, raising questions about its valuation despite current performance [1]. Group 1: Stock Performance - The stock price of Ingersoll Rand has decreased by 2.88% in the past month and by 17.50% over the past year [1]. - The current price of Ingersoll Rand is $80.24, with a recent increase of 0.58% [1]. Group 2: P/E Ratio Analysis - Ingersoll Rand has a P/E ratio of 61.84, which is significantly higher than the Machinery industry average P/E ratio of 28.72, suggesting that the company may be overvalued [6]. - A lower P/E ratio can indicate that shareholders do not expect future growth or that the company is undervalued, but it should not be used in isolation [5][9]. - The P/E ratio serves as a useful metric for assessing market performance, but it has limitations and should be considered alongside other financial metrics and qualitative analysis [9].