According to DraftKings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -14.6109. At the end of 2022 the company had a P/E ratio of -3.59.
Year | P/E ratio | Change |
---|---|---|
2022 | -3.59 | -50.56% |
2021 | -7.27 | -43.81% |
2020 | -12.9 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
Scientific Games SGMS | 15.1 | -203.50% | ๐บ๐ธ USA |
Super Group SGHC | 25.2 | -272.16% | Guernsey |
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.