P/E ratio for Conduent (CNDT)
P/E ratio as of April 2024 (TTM): -1.01
According to Conduent's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.01471. At the end of 2022 the company had a P/E ratio of -4.60.
P/E ratio history for Conduent from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.60 | -85.35% |
| 2021 | -31.4 | 292.65% |
| 2020 | -8.00 | 1097.42% |
| 2019 | -0.6681 | -87.05% |
| 2018 | -5.16 | -126.82% |
| 2017 | 19.2 | -725.94% |
| 2016 | -3.07 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 RigNet RNET | N/A | N/A | 🇺🇸 USA |
 LiveRamp RAMP | -23.2 | 2,185.87% | 🇺🇸 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.