P/E ratio for Ascent Solar Technologies (ASTI)
P/E ratio as of September 2023 (TTM): -0.0538
According to Ascent Solar Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0537815. At the end of 2021 the company had a P/E ratio of -0.0018.
P/E ratio history for Ascent Solar Technologies from 2021 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -0.0018 | -132.32% |
| 2020 | 0.0054 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walmart WMT | 31.1 | -57,997.05% | 🇺🇸 USA |
 First Solar
FSLR | 110 | -204,378.42% | 🇺🇸 USA |
 Enphase Energy
ENPH | 28.6 | -53,233.88% | 🇺🇸 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.