P/E ratio for Snowflake (SNOW)
P/E ratio as of June 2024 (TTM): -53.0
According to Snowflake's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -52.9887. At the end of 2022 the company had a P/E ratio of -62.7.
P/E ratio history for Snowflake from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -62.7 | -52.82% |
| 2021 | -133 | -4.14% |
| 2020 | -139 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 RCI Hospitality Holdings RICK | 10.6 | -120.04% | 🇺🇸 USA |
 Marcus Corporation
MCS | 48.1 | -190.69% | 🇺🇸 USA |
 Vail Resorts
MTN | 25.5 | -148.07% | 🇺🇸 USA |
 Cedar Fair FUN | 9.26 | -117.47% | 🇺🇸 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.