DraftKings
DKNG
#1708
Rank
$7.19 B
Marketcap
$16.04
Share price
-3.95%
Change (1 day)
-67.26%
Change (1 year)

P/E ratio for DraftKings (DKNG)

P/E ratio as of October 2022 (TTM): -4.28

According to DraftKings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.27733. At the end of 2021 the company had a P/E ratio of -7.53.

P/E ratio history for DraftKings from 2020 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-7.53-57.55%
2020-17.729.78%
2019-13.7

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.