P/E ratio for Chegg (CHGG)
P/E ratio as of September 2023 (TTM): 4.01
According to Chegg 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.00897. At the end of 2021 the company had a P/E ratio of -768.
P/E ratio history for Chegg from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -768 | -57.52% |
| 2020 | < -1000 | 328.89% |
| 2019 | -421 | 77.86% |
| 2018 | -237 | 204.75% |
| 2017 | -77.7 | 394.93% |
| 2016 | -15.7 | 63.32% |
| 2015 | -9.61 | 8.53% |
| 2014 | -8.86 | 215.99% |
| 2013 | -2.80 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Amazon AMZN | 98.4 | 2,355.04% | 🇺🇸 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.