P/E ratio for AXT Inc (AXTI)
P/E ratio as of November 2023 (TTM): -69.3
According to AXT Inc 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -69.3333. At the end of 2022 the company had a P/E ratio of 11.8.
P/E ratio history for AXT Inc from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.8 | -52.97% |
| 2021 | 25.2 | -81.59% |
| 2020 | 137 | -288.57% |
| 2019 | -72.5 | -500% |
| 2018 | 18.1 | -45.83% |
| 2017 | 33.5 | 18.47% |
| 2016 | 28.2 | -178.34% |
| 2015 | -36.1 | -48.49% |
| 2014 | -70.0 | 570.5% |
| 2013 | -10.4 | -137.15% |
| 2012 | 28.1 | 324.53% |
| 2011 | 6.62 | -61.96% |
| 2010 | 17.4 | -132.12% |
| 2009 | -54.2 | 20.37% |
| 2008 | -45.0 | -223.39% |
| 2007 | 36.5 | -76.82% |
| 2006 | 157 | -3996.57% |
| 2005 | -4.04 | 50.78% |
| 2004 | -2.68 | 1.61% |
| 2003 | -2.64 | 589.65% |
| 2002 | -0.3822 | -99.42% |
| 2001 | -65.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Lam Research LRCX | 24.1 | -134.72% | 🇺🇸 USA |
 Skyworks Solutions
SWKS | 15.4 | -122.16% | 🇺🇸 USA |
 Veeco
VECO | 20.0 | -128.83% | 🇺🇸 USA |
 Photronics PLAB | 10.9 | -115.78% | 🇺🇸 USA |
 Kopin Corporation
KOPN | -6.54 | -90.56% | 🇺🇸 USA |
 Axcelis Technologies
ACLS | 17.7 | -125.58% | 🇺🇸 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.