CareDx
CDNA
#5116
Rank
โ‚น107.02 B
Marketcap
โ‚น1,995
Share price
-0.96%
Change (1 day)
278.81%
Change (1 year)

P/E ratio for CareDx (CDNA)

P/E ratio as of November 2024 (TTM): -15.4

According to CareDx's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -15.4103. At the end of 2022 the company had a P/E ratio of -7.92.

P/E ratio history for CareDx from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-7.92-89.72%
2021-77.1-55.31%
2020-172315.86%
2019-41.5119.45%
2018-18.9469.13%
2017-3.32204.74%
2016-1.09-80.42%
2015-5.57-106.83%
201481.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-0.0022-99.99%๐Ÿ‡บ๐Ÿ‡ธ USA
-15.0-2.50%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.0060-99.96%๐Ÿ‡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.