P/E ratio for Ballard Power Systems (BLDP)
P/E ratio as of April 2024 (TTM): -5.72
According to Ballard Power Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.7234. At the end of 2022 the company had a P/E ratio of -8.12.
P/E ratio history for Ballard Power Systems from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -8.12 | -75.44% |
| 2021 | -33.1 | -70.34% |
| 2020 | -111 | 163.83% |
| 2019 | -42.2 | 147.4% |
| 2018 | -17.1 | -76.77% |
| 2017 | -73.5 | 479.09% |
| 2016 | -12.7 | -59.32% |
| 2015 | -31.2 | 246.67% |
| 2014 | -9.00 | 24.34% |
| 2013 | -7.24 | 469.56% |
| 2012 | -1.27 | -54.11% |
| 2011 | -2.77 | -29.85% |
| 2010 | -3.95 | -91.65% |
| 2009 | -47.3 | -1270.8% |
| 2008 | 4.04 | -138.36% |
| 2007 | -10.5 | 195.82% |
| 2006 | -3.56 | -38.74% |
| 2005 | -5.81 | 25.87% |
| 2004 | -4.61 | -58.28% |
| 2003 | -11.1 | 38.83% |
| 2002 | -7.96 | -71.82% |
| 2001 | -28.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Plug Power PLUG | -1.90 | -66.89% | 🇺🇸 USA |
 FuelCell Energy
FCEL | -3.00 | -47.54% | 🇺🇸 USA |
 Capstone Green Energy CGRN | -0.3190 | -94.43% | 🇺🇸 USA |
 Canadian Solar
CSIQ | 2.29 | -139.98% | 🇨🇦 Canada |
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.