P/E ratio for Ballard Power Systems (BLDP)
P/E ratio as of October 2023 (TTM): -7.30
According to Ballard Power Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.29787. At the end of 2021 the company had a P/E ratio of -32.5.
P/E ratio history for Ballard Power Systems from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -32.5 | -71.07% |
| 2020 | -112 | 173.64% |
| 2019 | -41.0 | 126.94% |
| 2018 | -18.1 | -79.52% |
| 2017 | -88.2 | 594.91% |
| 2016 | -12.7 | -68.85% |
| 2015 | -40.8 | 337.32% |
| 2014 | -9.32 | 19.46% |
| 2013 | -7.80 | 513.77% |
| 2012 | -1.27 | -52.93% |
| 2011 | -2.70 | -26.84% |
| 2010 | -3.69 | -92.31% |
| 2009 | -48.0 | -2100% |
| 2008 | 2.40 | -122.86% |
| 2007 | -10.5 | 195.25% |
| 2006 | -3.56 | -37.89% |
| 2005 | -5.73 | 23.54% |
| 2004 | -4.64 | -58.57% |
| 2003 | -11.2 | 43.42% |
| 2002 | -7.80 | -72.55% |
| 2001 | -28.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Plug Power PLUG | -4.77 | -34.60% | 🇺🇸 USA |
 FuelCell Energy
FCEL | -3.87 | -46.96% | 🇺🇸 USA |
 Capstone Green Energy CGRN | -0.4269 | -94.15% | 🇺🇸 USA |
 Canadian Solar
CSIQ | 3.66 | -150.17% | 🇨🇦 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.