P/E ratio for HIVE Blockchain Technologies (HIVE)
P/E ratio as of May 2024 (TTM): -1.29
According to HIVE Blockchain Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.29101. At the end of 2022 the company had a P/E ratio of -0.4211.
P/E ratio history for HIVE Blockchain Technologies from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.4211 | -104.56% |
| 2021 | 9.23 | -58.54% |
| 2020 | 22.3 | -7414.57% |
| 2019 | -0.3043 | -63.5% |
| 2018 | -0.8339 | -93.91% |
| 2017 | -13.7 | 470.53% |
| 2016 | -2.40 | 155.2% |
| 2015 | -0.9408 | 51.32% |
| 2014 | -0.6217 | -8.39% |
| 2013 | -0.6787 | 72.19% |
| 2012 | -0.3941 | 13.47% |
| 2011 | -0.3474 |
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.