P/E ratio for Electrovaya (ELVA)
P/E ratio as of July 2024 (TTM): -523
According to Electrovaya's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -522.69. At the end of 2023 the company had a P/E ratio of -70.8.
P/E ratio history for Electrovaya from 2009 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -70.8 | 564.62% |
| 2022 | -10.6 | -45.69% |
| 2021 | -19.6 | -129.25% |
| 2020 | 67.0 | -1282.35% |
| 2019 | -5.67 | 666.67% |
| 2018 | -0.7391 | -78.1% |
| 2017 | -3.38 | -86.66% |
| 2016 | -25.3 | 87.41% |
| 2015 | -13.5 | -15.63% |
| 2014 | -16.0 | -13.51% |
| 2013 | -18.5 | 92.71% |
| 2012 | -9.60 | -71.2% |
| 2011 | -33.3 | -69.14% |
| 2010 | -108 |
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.