P/E ratio for Zip Co (ZIP.AX)
P/E ratio at the end of 2023: -0.7103
According to Zip Co's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.08821. At the end of 2023 the company had a P/E ratio of -0.7103.
P/E ratio history for Zip Co from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -0.7103 | 224.42% |
| 2022 | -0.2189 | -95.47% |
| 2021 | -4.83 | -94.22% |
| 2020 | -83.7 | 11.22% |
| 2019 | -75.3 | 741.53% |
| 2018 | -8.94 | 48.9% |
| 2017 | -6.01 | -39.19% |
| 2016 | -9.88 | 342.02% |
| 2015 | -2.23 | 1594.89% |
| 2014 | -0.1318 | -87.69% |
| 2013 | -1.07 | -26.32% |
| 2012 | -1.45 | -10.01% |
| 2011 | -1.62 | -66.78% |
| 2010 | -4.86 |
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.