P/E ratio for Avid Technology (AVID)
P/E ratio as of April 2024 (TTM): 36.5
According to Avid Technology 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.5405. At the end of 2022 the company had a P/E ratio of 21.3.
P/E ratio history for Avid Technology from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.3 | -40.57% |
| 2021 | 35.8 | -45.87% |
| 2020 | 66.1 | 31.02% |
| 2019 | 50.5 | -376.26% |
| 2018 | -18.3 | 11.26% |
| 2017 | -16.4 | -555.29% |
| 2016 | 3.61 | -96.75% |
| 2015 | 111 | 188.88% |
| 2014 | 38.4 | 159.18% |
| 2013 | 14.8 | -360% |
| 2012 | -5.70 | -490.86% |
| 2011 | 1.46 | -108.18% |
| 2010 | -17.8 | 152.72% |
| 2009 | -7.05 | 243.12% |
| 2008 | -2.05 | -98.62% |
| 2007 | -149 | 312.33% |
| 2006 | -36.2 | -163.42% |
| 2005 | 57.0 | 104.15% |
| 2004 | 27.9 | -19.09% |
| 2003 | 34.5 | -81.94% |
| 2002 | 191 | -2429.63% |
| 2001 | -8.21 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apple AAPL | 26.2 | -28.40% | 🇺🇸 USA |
 Adobe ADBE | 42.8 | 17.11% | 🇺🇸 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.