P/E ratio for American Battery Technology Company (ABAT)
P/E ratio as of May 2024 (TTM): -3.55
According to American Battery Technology Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.54522. At the end of 2022 the company had a P/E ratio of -1.46.
P/E ratio history for American Battery Technology Company from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.46 | 2.29% |
| 2021 | -1.43 | |
| 2019 | -0.0234 | -94.2% |
| 2018 | -0.4026 | 290.93% |
| 2017 | -0.1030 | 440.13% |
| 2016 | -0.0191 |
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.