P/E ratio for DroneShield (DRO.AX)
P/E ratio at the end of 2022: -88.2
According to DroneShield's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -480.814. At the end of 2022 the company had a P/E ratio of -88.2.
P/E ratio history for DroneShield from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -88.2 | 687.18% |
| 2021 | -11.2 | 56.3% |
| 2020 | -7.17 | 3.81% |
| 2019 | -6.90 | 79.27% |
| 2018 | -3.85 | 5.48% |
| 2017 | -3.65 | 9.64% |
| 2016 | -3.33 |
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.