P/E ratio for Eastside Distilling (EAST)
P/E ratio as of April 2024 (TTM): -0.0479
According to Eastside Distilling's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0478707. At the end of 2022 the company had a P/E ratio of -0.2161.
P/E ratio history for Eastside Distilling from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.2161 | -96.5% |
| 2021 | -6.17 | 377.4% |
| 2020 | -1.29 | -21.11% |
| 2019 | -1.64 | -60.75% |
| 2018 | -4.18 | 48.17% |
| 2017 | -2.82 | 113.89% |
| 2016 | -1.32 |
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.