P/E ratio for Luna Innovations (LUNA)

P/E ratio history for Luna Innovations from 2006 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Coherent COHR	-35.3	7.15%	🇺🇸 USA
Agilent Technologies A	35.6	-208.30%	🇺🇸 USA
Accelerate Diagnostics AXDX	-0.1461	-99.56%	🇺🇸 USA
Intuitive Surgical ISRG	126	-483.57%	🇺🇸 USA
Danaher DHR	29.1	-188.51%	🇺🇸 USA
Honeywell HON	28.6	-187.05%	🇺🇸 USA
Analog Devices ADI	28.8	-187.59%	🇺🇸 USA
Philips PHG	-35.1	6.57%	🇳🇱 Netherlands

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.