P/E ratio for Predictive Discovery Limited (PDI.AX)
P/E ratio at the end of 2023: -38.9
According to Predictive Discovery Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -55.2449. At the end of 2023 the company had a P/E ratio of -38.9.
P/E ratio history for Predictive Discovery Limited from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -38.9 | -1.27% |
| 2022 | -39.4 | 151.5% |
| 2021 | -15.7 | -37.02% |
| 2020 | -24.9 | 544.89% |
| 2019 | -3.86 | -1.96% |
| 2018 | -3.94 | -33.7% |
| 2017 | -5.94 | 469.62% |
| 2016 | -1.04 | 241.51% |
| 2015 | -0.3055 | -60.69% |
| 2014 | -0.7770 | -78.3% |
| 2013 | -3.58 | 29.77% |
| 2012 | -2.76 | -73.45% |
| 2011 | -10.4 |
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.