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Which stocks fell even though the business grew?

Over time, share prices tend to follow earnings. When a growing company’s stock falls anyway, investors are paying less for each dollar of profit: they may expect growth to slow, fear a new competitor, or simply have moved on. These are the stocks where price and business have parted ways.

Updated Oct 9, 2026

33
% of growers fell

38 growing companies fell

Of the 114 large companies whose sales and earnings both grew at least 10% over the past year, 38 saw their shares fall, while the S&P 500 rose 16%. With earnings up and prices down, their median P/E shrank from 45× to 21×. Fair Isaac fell furthest, −61% as earnings per share rose +35%.

S&P 500 +16% over a yearMedian P/E 45× → 21×114 growing companies checked

All 38, biggest fall first

Ranked by the share price change over the past year. The two P/E columns show how much less investors now pay for each dollar of earnings. Select a row for its chart. Select a column to sort.

CompanyPrice, 1YSales, 1YEPS, 1YP/E a year agoP/E nowPast year

How to read this page

How it’s measured. S&P 500 and Nasdaq-100 companies worth $10 billion or more. Sales and diluted earnings per share over the last four reported quarters against the four before; both must have grown at least 10%, from positive earnings. Share prices are adjusted for splits. P/E a year ago is the price then over the earnings reported by then.

Sources. Daily prices and company financial statements from Financial Modeling Prep.

Earnings are as reported, so a one-off gain or charge can move them; companies whose earnings rose more than 150% are left out, since that is usually a one-off.

In our research, stocks that fell while their business kept growing did no better afterwards than other stocks that fell: they mostly rose and fell with the market. A lower P/E describes the price, not what comes next.

This page is information, not investment advice. About our data and methods ›

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