RingCentral
RNG
#3359
Rank
โ‚ฌ3.25 B
Marketcap
35,43ย โ‚ฌ
Share price
-2.14%
Change (1 day)
41.73%
Change (1 year)
RingCentral, Inc. is an American company that provides cloud-based communications and collaboration solutions for businesses.

P/E ratio for RingCentral (RNG)

P/E ratio as of November 2024 (TTM): -5.52

According to RingCentral 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.52. At the end of 2022 the company had a P/E ratio of -3.84.

P/E ratio history for RingCentral from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-3.84-91.62%
2021-45.8-88.52%
2020-39951.36%
2019-2642.3%
2018-258-27.34%
2017-355588.49%
2016-51.50.47%
2015-51.3150.81%
2014-20.410.99%
2013-18.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
-5.91 7.07%๐Ÿ‡บ๐Ÿ‡ธ USA
107-2,031.38%๐Ÿ‡บ๐Ÿ‡ธ USA
30.5-652.02%๐Ÿ‡บ๐Ÿ‡ธ USA
-14.6 164.34%๐Ÿ‡บ๐Ÿ‡ธ USA
36.5-762.04%๐Ÿ‡บ๐Ÿ‡ธ USA
18.7-438.96%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.