P/E ratio for CleanSpark (CLSK)
P/E ratio as of May 2024 (TTM): -9.12
According to CleanSpark's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.12429. At the end of 2022 the company had a P/E ratio of -0.9577.
P/E ratio history for CleanSpark from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.9577 | -99.9% |
| 2021 | -952 | 8506.2% |
| 2020 | -11.1 | 1136.44% |
| 2019 | -0.8946 | -39.56% |
| 2018 | -1.48 | -74.52% |
| 2017 | -5.81 | -76.76% |
| 2016 | -25.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Siemens SIE.DE | 16.1 | -276.59% | 🇩🇪 Germany |
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.