Iridium Communications
IRDM
#1852
Rank
$7.41 B
Marketcap
$59.05
Share price
-0.19%
Change (1 day)
73.32%
Change (1 year)

P/E ratio for Iridium Communications (IRDM)

P/E ratio as of January 2023 (TTM): > 1000

According to Iridium Communications's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1584.89. At the end of 2021 the company had a P/E ratio of -552.

P/E ratio history for Iridium Communications from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-552
2019-19.0-79.83%
2018-94.0-1872.9%
20175.30-44.7%
20169.59-110.31%
2015-93.0-783.52%
201413.656.88%
20138.6712.07%
20127.74

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-14.8-100.94%๐Ÿ‡บ๐Ÿ‡ธ USA
N/A-100.00%๐Ÿ‡บ๐Ÿ‡ธ USA
-9.57-100.60%๐Ÿ‡บ๐Ÿ‡ธ USA
6.59-99.58%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.