Canoo
GOEV
#4414
Rank
$1.11 B
Marketcap
$4.09
Share price
-4.41%
Change (1 day)
-41.74%
Change (1 year)

P/E ratio for Canoo (GOEV)

P/E ratio as of August 2022 (TTM): -2.15

According to Canoo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.15075. At the end of 2021 the company had a P/E ratio of -5.08.

P/E ratio history for Canoo from 2020 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-5.08-65.77%
2020-14.8

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.