P/E ratio for BIT Mining (500.com) (BTCM)
P/E ratio as of April 2024 (TTM): -0.1911
According to BIT Mining (500.com)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.191117. At the end of 2022 the company had a P/E ratio of -0.0933.
P/E ratio history for BIT Mining (500.com) from 2022 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.0933 | |
| 2020 | -82.1 | 193.12% |
| 2019 | -28.0 | -11.2% |
| 2018 | -31.5 | -45.2% |
| 2017 | -57.5 | -58.29% |
| 2016 | -138 | 42.38% |
| 2015 | -96.9 | -166.93% |
| 2014 | 145 | -56.33% |
| 2013 | 331 |
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.