P/E ratio for Axsome Therapeutics (AXSM)
P/E ratio as of June 2024 (TTM): -18.0
According to Axsome Therapeutics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -18.0187. At the end of 2022 the company had a P/E ratio of -16.9.
P/E ratio history for Axsome Therapeutics from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -16.9 | 55.02% |
| 2021 | -10.9 | -63.12% |
| 2020 | -29.5 | -42.88% |
| 2019 | -51.7 | 1989.19% |
| 2018 | -2.47 | -43.02% |
| 2017 | -4.34 | -8.03% |
| 2016 | -4.72 | -63.65% |
| 2015 | -13.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ORIC Pharmaceuticals
ORIC | -3.04 | -83.12% | 🇺🇸 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.