P/E ratio for Avalon GloboCare (ALBT)
P/E ratio as of June 2024 (TTM): -0.3277
According to Avalon GloboCare's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.32766. At the end of 2021 the company had a P/E ratio of -0.8317.
P/E ratio history for Avalon GloboCare from 2018 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -0.8317 | 15.71% |
| 2020 | -0.7188 | -11.08% |
| 2019 | -0.8083 | -65.8% |
| 2018 | -2.36 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Office Properties Income Trust OPI | -4.26 | 1,199.90% | 🇺🇸 USA |
 One Liberty Properties OLP | 17.4 | -5,396.95% | 🇺🇸 USA |
 Omega Healthcare
OHI | 32.3 | -9,952.16% | 🇺🇸 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.