P/E ratio for Esports Entertainment (GMBL)
P/E ratio as of April 2024 (TTM): -0.0124
According to Esports Entertainment 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0124437. At the end of 2022 the company had a P/E ratio of -0.0307.
P/E ratio history for Esports Entertainment from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.0307 | -97.79% |
| 2021 | -1.39 | -73.68% |
| 2020 | -5.29 | 97.81% |
| 2019 | -2.68 | -87.47% |
| 2018 | -21.3 | -48.35% |
| 2017 | -41.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Net Element
NETE | N/A | N/A | 🇺🇸 USA |
 Commvault CVLT | -242 | 1,945,261.91% | 🇺🇸 USA |
 Inovalon
INOV | N/A | N/A | 🇺🇸 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.