P/E ratio for DraftKings (DKNG)
P/E ratio as of April 2024 (TTM): -16.2
According to DraftKings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -16.2023. At the end of 2022 the company had a P/E ratio of -3.59.
P/E ratio history for DraftKings from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.59 | -50.56% |
| 2021 | -7.27 | -43.81% |
| 2020 | -12.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Scientific Games SGMS | 15.1 | -193.33% | 🇺🇸 USA |
 Super Group SGHC | 21.3 | -231.71% | Guernsey |
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.