Redfin
RDFN
#5499
Rank
C$1.48 B
Marketcap
$11.99
Share price
-0.36%
Change (1 day)
-10.07%
Change (1 year)

P/E ratio for Redfin (RDFN)

P/E ratio as of December 2024 (TTM): -3.78

According to Redfin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.78182. At the end of 2022 the company had a P/E ratio of -1.42.

P/E ratio history for Redfin from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-1.42-95.83%
2021-34.0-86.14%
2020-245931.91%
2019-23.8-17.52%
2018-28.8140.3%
2017-12.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-3.78 0.00%๐Ÿ‡บ๐Ÿ‡ธ 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.