Goodyear
GT
#3045
Rank
$3.90 B
Marketcap
$13.73
Share price
1.18%
Change (1 day)
31.39%
Change (1 year)
Categories
The Goodyear Tire & Rubber Company is an American tire manufacturer. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, motorcycles, airplanes, farm equipment and heavy earth-mover machinery.

P/E ratio for Goodyear (GT)

P/E ratio as of March 2024 (TTM): -10.6

According to Goodyear's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.6434. At the end of 2022 the company had a P/E ratio of 14.3.

P/E ratio history for Goodyear from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202214.383.73%
20217.78-482.28%
2020-2.04-82.6%
2019-11.7-267.95%
20186.97-70.46%
201723.6269%
20166.39-77.89%
201528.9804.69%
20143.20-67.44%
20139.81-46.7%
201218.470.23%
201110.8-181.24%
2010-13.346.37%
2009-9.10-51.24%
2008-18.7-277.17%
200710.5-193.31%
2006-11.3-184.41%
200513.4-40.72%
200422.6-1451.51%
2003-1.6784.28%
2002-0.9056-93.95%
2001-15.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡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.