Canaan
CAN
#5124
Rank
$0.59 B
Marketcap
$3.20
Share price
-7.78%
Change (1 day)
-51.88%
Change (1 year)

P/E ratio for Canaan (CAN)

P/E ratio as of October 2022 (TTM): 1.32

According to Canaan's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.32188. At the end of 2021 the company had a P/E ratio of 2.99.

P/E ratio history for Canaan from 2019 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20212.99-110.22%
2020-29.2373.17%
2019-6.18

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.