Magic Software Enterprises Overview
Valuation check: MGIC's P/E ratio is 29.46, above the Technology sector average of 27.6.
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The P/E ratio compares a company's stock price to its earnings per share. A lower P/E ratio may indicate that the stock is undervalued.
As of the most recent data, MGIC shows a P/E ratio of 29.46. That is above the Technology sector average of 27.6. Scroll down for historical charts and peer comparison views.
The Technology sector average P/E ratio is about 27.6. Magic Software Enterprises is at 29.46, which is higher that average. That is roughly 6.7% above the sector mean. Use the comparison chart on this page to see how MGIC stacks up against individual peers as well.
Investors watch MGIC's P/E ratio because it compresses price and fundamentals into one number that is easy to compare across companies and over time. Magic Software Enterprises's latest reading is 29.46. Combining that with growth, ROE, and debt metrics usually beats relying on a single multiple.
Besides this p/e ratio page, Stockcircle has Magic Software Enterprises's full stock overview, other financial metrics, insider and congress trade tabs, and tools to follow the stock. Together they help you connect P/E ratio (currently 29.46) with ownership activity and broader fundamentals.
The Technology average P/E ratio is about 27.6, while MGIC is at 29.46. Typical ranges vary by sub-industry, so always sanity-check against the closest competitors, not just the whole sector bucket.
