Elanco
ELAN
#2054
Rank
$6.57 B
Marketcap
$13.87
Share price
-4.87%
Change (1 day)
-45.31%
Change (1 year)

P/E ratio for Elanco (ELAN)

P/E ratio as of February 2023 (TTM): -58.3

According to Elanco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -58.2917. At the end of 2021 the company had a P/E ratio of -29.6.

P/E ratio history for Elanco from 2018 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-29.615.67%
2020-25.6-116.49%
201915511.98%
2018138

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-3.18-94.54%๐Ÿ‡บ๐Ÿ‡ธ USA
-1.37-97.65%๐Ÿ‡บ๐Ÿ‡ธ USA

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.