Everspin Technologies
MRAM
#8554
Rank
HK$1.07 B
Marketcap
HK$49.10
Share price
1.44%
Change (1 day)
-32.98%
Change (1 year)

P/E ratio for Everspin Technologies (MRAM)

P/E ratio as of December 2024 (TTM): 16.6

According to Everspin Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6316. At the end of 2022 the company had a P/E ratio of 18.5.

P/E ratio history for Everspin Technologies from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202218.5-62.28%
202149.1-591.3%
2020-10.0061.6%
2019-6.1916.93%
2018-5.2918.55%
2017-4.466.31%
2016-4.20

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.