P/E ratio for Globalstar (GSAT)
P/E ratio as of April 2024 (TTM): -156
According to Globalstar 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -155.51. At the end of 2022 the company had a P/E ratio of -10.0.
P/E ratio history for Globalstar from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -10.0 | -48.26% |
| 2021 | -19.3 | 184.31% |
| 2020 | -6.80 | -105.58% |
| 2019 | 122 | |
| 2017 | -14.6 | 21.96% |
| 2016 | -11.9 | -149.73% |
| 2015 | 24.0 | -580% |
| 2014 | -5.00 | 231.43% |
| 2013 | -1.51 | 41.13% |
| 2012 | -1.07 | -64.37% |
| 2011 | -3.00 | -27.59% |
| 2010 | -4.14 | 180.95% |
| 2009 | -1.47 | 32.71% |
| 2008 | -1.11 | -95% |
| 2007 | -22.2 | -159.11% |
| 2006 | 37.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dish Network
DISH | 1.73 | -101.11% | 🇺🇸 USA |
 Orbcomm
ORBC | N/A | N/A | 🇺🇸 USA |
 Comtech Telecommunications CMTL | -1.37 | -99.12% | 🇺🇸 USA |
 Iridium Communications IRDM | -164 | 5.31% | 🇺🇸 USA |
 EchoStar SATS | 11.9 | -107.62% | 🇺🇸 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.