P/E ratio for SMART Global Holdings (SGH)
P/E ratio as of June 2024 (TTM): -37.8
According to SMART Global Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -37.7778. At the end of 2022 the company had a P/E ratio of 14.3.
P/E ratio history for SMART Global Holdings from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.3 | -67.55% |
| 2021 | 44.1 | -100.59% |
| 2020 | < -1000 | -17754.56% |
| 2019 | 42.6 | 735.36% |
| 2018 | 5.10 | -85.66% |
| 2017 | 35.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Power Integrations
POWI | 47.9 | -226.71% | 🇺🇸 USA |
 Photronics PLAB | 14.0 | -137.18% | 🇺🇸 USA |
 PDF Solutions PDFS | 150 | -496.95% | 🇺🇸 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.