P/E ratio for DAQO New Energy (DQ)
P/E ratio as of April 2024 (TTM): 2.47
According to DAQO New Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.47396. At the end of 2022 the company had a P/E ratio of 1.57.
P/E ratio history for DAQO New Energy from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.57 | -60.55% |
| 2021 | 3.98 | -87.47% |
| 2020 | 31.8 | 32.82% |
| 2019 | 23.9 | 251.72% |
| 2018 | 6.80 | 0.36% |
| 2017 | 6.78 | 46.09% |
| 2016 | 4.64 | -65.45% |
| 2015 | 13.4 | 2.46% |
| 2014 | 13.1 | -470.39% |
| 2013 | -3.54 | 1589% |
| 2012 | -0.2095 | -463.48% |
| 2011 | 0.0576 | -94.36% |
| 2010 | 1.02 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dow DOW | 31.0 | 1,151.73% | 🇺🇸 USA |
 Cabot Microelectronics CCMP | N/A | N/A | 🇺🇸 USA |
 ReneSola
SOL | 6.65 | 168.87% | 🇺🇸 USA |
 Jinko Solar
JKS | 2.03 | -18.08% | 🇨🇳 China |
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.