P/E ratio for HyreCar (HYRE)
P/E ratio as of April 2024 (TTM): -0.0193
According to HyreCar's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0192708. At the end of 2021 the company had a P/E ratio of -3.60.
P/E ratio history for HyreCar from 2018 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -3.60 | -56.74% |
| 2020 | -8.31 | 209.06% |
| 2019 | -2.69 | 39.78% |
| 2018 | -1.92 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 HyreCar HYRE | -0.0193 | 0.00% | 🇺🇸 USA |
 Hertz HTZ | 1.87 | -9,795.60% | 🇺🇸 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.