Planet13
PLTH.CN
#8184
Rank
โ‚น13.79 B
Marketcap
โ‚น42.42
Share price
0.00%
Change (1 day)
-33.01%
Change (1 year)
Categories

P/E ratio for Planet13 (PLTH.CN)

P/E ratio as of November 2024 (TTM): -1.91

According to Planet13's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.9088. At the end of 2022 the company had a P/E ratio of -2.66.

P/E ratio history for Planet13 from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-2.66-90.94%
2021-29.3-11.45%
2020-33.151.58%
2019-21.960.72%
2018-13.6

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.