Cerence
CRNC
#7323
Rank
โ‚น29.70 B
Marketcap
โ‚น693.68
Share price
4.29%
Change (1 day)
-58.32%
Change (1 year)

P/E ratio for Cerence (CRNC)

P/E ratio as of December 2024 (TTM): -1.12

According to Cerence's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.12446. At the end of 2022 the company had a P/E ratio of -2.20.

P/E ratio history for Cerence from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-2.20-103.3%
202166.6-78.11%
20203043025.98%
20199.74

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-46.2 4,006.97%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.