P/E ratio for Goodyear (GT)
P/E ratio as of September 2023 (TTM): -10.0
According to Goodyear's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.031. At the end of 2021 the company had a P/E ratio of 7.78.
P/E ratio history for Goodyear from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.78 | -482.28% |
| 2020 | -2.04 | -82.6% |
| 2019 | -11.7 | -267.95% |
| 2018 | 6.97 | -70.46% |
| 2017 | 23.6 | 269% |
| 2016 | 6.39 | -77.89% |
| 2015 | 28.9 | 804.69% |
| 2014 | 3.20 | -67.44% |
| 2013 | 9.81 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Cooper Tire & Rubber Company CTB | N/A | N/A | 🇺🇸 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.