According to Prodways Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.74113. At the end of 2023 the company had a P/E ratio of -3.19.
Year | P/E ratio | Change |
---|---|---|
2023 | -3.19 | -103% |
2022 | 106 | -50.98% |
2021 | 217 | -3282.95% |
2020 | -6.82 | -76.54% |
2019 | -29.1 | 40.48% |
2018 | -20.7 | -9.77% |
2017 | -22.9 |
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.