P/E ratio for AXT Inc (AXTI)
P/E ratio as of April 2023 (TTM): 10.8
According to AXT Inc 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7838. At the end of 2021 the company had a P/E ratio of 25.2.
P/E ratio history for AXT Inc from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 25.2 | -81.59% |
| 2020 | 137 | -288.57% |
| 2019 | -72.5 | -500% |
| 2018 | 18.1 | -45.83% |
| 2017 | 33.5 | 19.42% |
| 2016 | 28.0 | -177.71% |
| 2015 | -36.1 | -48.49% |
| 2014 | -70.0 | 557.09% |
| 2013 | -10.7 | -137.91% |
| 2012 | 28.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Lam Research LRCX | 14.2 | 31.67% | 🇺🇸 USA |
 Skyworks Solutions
SWKS | 16.0 | 48.67% | 🇺🇸 USA |
 Veeco
VECO | 6.32 | -41.39% | 🇺🇸 USA |
 Photronics PLAB | 9.01 | -16.44% | 🇺🇸 USA |
 Kopin Corporation
KOPN | -6.32 | -158.64% | 🇺🇸 USA |
 Axcelis Technologies
ACLS | 24.0 | 122.96% | 🇺🇸 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.