P/E ratio for Kaixin Auto (KXIN)
P/E ratio as of June 2024 (TTM): 0.0047
According to Kaixin Auto's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.00472014. At the end of 2018 the company had a P/E ratio of 8.35.
P/E ratio history for Kaixin Auto from 2017 to 2019
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | 8.35 | -99.12% |
| 2017 | 950 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kaixin Auto KXIN | 0.0047 | 0.00% | 🇨🇳 China |
 CarLotz LOTZ | -0.1721 | -3,745.93% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.