P/E ratio for Everspin Technologies (MRAM)
P/E ratio as of April 2024 (TTM): 19.7
According to Everspin Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6842. At the end of 2022 the company had a P/E ratio of 18.5.
P/E ratio history for Everspin Technologies from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.5 | -62.28% |
| 2021 | 49.1 | -591.3% |
| 2020 | -10.00 | 61.6% |
| 2019 | -6.19 | 16.93% |
| 2018 | -5.29 | 18.55% |
| 2017 | -4.46 | 6.31% |
| 2016 | -4.20 |
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.