P/E ratio for CTI BioPharma (CTIC)

P/E ratio history for CTI BioPharma from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Amgen AMGN	23.7	-251.49%	🇺🇸 USA
Bristol-Myers Squibb BMY	12.3	-178.79%	🇺🇸 USA
Incyte INCY	35.2	-324.40%	🇺🇸 USA
Baxter BAX	7.57	-148.30%	🇺🇸 USA
Eli Lilly LLY	169	-1,175.38%	🇺🇸 USA
Teva Pharmaceutical Industries TEVA	-8.88	-43.34%	🇮🇱 Israel
Novartis NVS	31.0	-297.87%	🇨🇭 Switzerland

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.