P/E ratio for Formula One Group (FWONK)
P/E ratio as of May 2024 (TTM): 33.8
According to Formula One Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.756. At the end of 2022 the company had a P/E ratio of 25.0.
P/E ratio history for Formula One Group from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.0 | -132.43% |
| 2021 | -77.1 | 288.98% |
| 2020 | -19.8 | -42.2% |
| 2019 | -34.3 | -27.37% |
| 2018 | -47.2 | -263.15% |
| 2017 | 28.9 | -2.44% |
| 2016 | 29.7 | -139.88% |
| 2015 | -74.4 | -81.38% |
| 2014 | -400 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Salem Media Group
SALM | -0.4119 | -101.22% | 🇺🇸 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.