A Look Into Ansys Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Ansys Inc.'s (NASDAQ: ANSS) shares are trading at $317.99, after a 0.49% decrease. The stock fell by 3.29% over the past month but went up by 32.42% over the past year. Ansys has a lower P/E ratio of 50.45 compared to the Software industry's aggregate P/E ratio of 306.38.

June 26, 2023 | 4:31 pm
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Ansys Inc.'s shares are trading at $317.99 with a P/E ratio of 50.45, lower than the Software industry's aggregate P/E ratio of 306.38.
Ansys Inc.'s lower P/E ratio compared to the Software industry could indicate that the stock is undervalued or that shareholders do not expect it to perform better in the future. However, the P/E ratio is just one of many metrics to consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors.
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