P/E ratio for Accuray (ARAY)
P/E ratio as of May 2024 (TTM): -21.7
According to Accuray's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -21.7. At the end of 2022 the company had a P/E ratio of -16.1.
P/E ratio history for Accuray from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -16.1 | -55.43% |
| 2021 | -36.1 | -164.36% |
| 2020 | 56.0 | -139.75% |
| 2019 | -141 | 1016.42% |
| 2018 | -12.6 | -14.82% |
| 2017 | -14.8 | -0.07% |
| 2016 | -14.8 | -31.85% |
| 2015 | -21.8 | 73.04% |
| 2014 | -12.6 | 37.4% |
| 2013 | -9.16 | 75.18% |
| 2012 | -5.23 | 18.64% |
| 2011 | -4.41 | -107.83% |
| 2010 | 56.3 | -140.11% |
| 2009 | -140 | -18.46% |
| 2008 | -172 | -178.34% |
| 2007 | 220 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Hologic HOLX | 39.1 | -280.27% | 🇺🇸 USA |
 Stryker Corporation SYK | 48.2 | -322.04% | 🇺🇸 USA |
 Isoray
ISR | -5.49 | -74.72% | 🇺🇸 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.