P/E ratio for 8x8 (EGHT)
P/E ratio as of April 2024 (TTM): -4.59
According to 8x8 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.59. At the end of 2022 the company had a P/E ratio of -4.60.
P/E ratio history for 8x8 from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.60 | -56.67% |
| 2021 | -10.6 | -49.53% |
| 2020 | -21.0 | 76.88% |
| 2019 | -11.9 | -48.62% |
| 2018 | -23.1 | 67.31% |
| 2017 | -13.8 | -97.13% |
| 2016 | -481 | 101.6% |
| 2015 | -239 | -100.23% |
| 2014 | > 1000 | 81237.99% |
| 2013 | 125 | 1731.16% |
| 2012 | 6.83 | -76.29% |
| 2011 | 28.8 | 8.98% |
| 2010 | 26.4 | -117.63% |
| 2009 | -150 | -1037.5% |
| 2008 | 16.0 | -207.87% |
| 2007 | -14.8 | 178.92% |
| 2006 | -5.32 | 12.11% |
| 2005 | -4.74 | -61.54% |
| 2004 | -12.3 | -50.11% |
| 2003 | -24.7 | 4170.2% |
| 2002 | -0.5789 | 28.15% |
| 2001 | -0.4518 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AT&T T | -10.7 | 134.18% | 🇺🇸 USA |
 Verizon VZ | 8.05 | -275.35% | 🇺🇸 USA |
 Vonage Holdings Corp. VG | N/A | N/A | 🇺🇸 USA |
 Consolidated Communications CNSL | 7.47 | -262.83% | 🇺🇸 USA |
 IDT Corporation
IDT | 19.2 | -519.00% | 🇺🇸 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.