P/E ratio for Iridium Communications (IRDM)
P/E ratio as of April 2024 (TTM): -157
According to Iridium Communications's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -157.222. At the end of 2022 the company had a P/E ratio of 680.
P/E ratio history for Iridium Communications from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 680 | -223.1% |
| 2021 | -552 | 489.49% |
| 2020 | -93.6 | 393.82% |
| 2019 | -19.0 | -79.83% |
| 2018 | -94.0 | -1872.9% |
| 2017 | 5.30 | -44.7% |
| 2016 | 9.59 | -110.31% |
| 2015 | -93.0 | -783.52% |
| 2014 | 13.6 | 56.88% |
| 2013 | 8.67 | 12.07% |
| 2012 | 7.74 | -43.8% |
| 2011 | 13.8 | -53.06% |
| 2010 | 29.3 | -399.54% |
| 2009 | -9.79 | -104.35% |
| 2008 | 225 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Boeing BA | -36.3 | -76.93% | 🇺🇸 USA |
 Orbcomm
ORBC | N/A | N/A | 🇺🇸 USA |
 Globalstar
GSAT | -153 | -2.63% | 🇺🇸 USA |
 Gogo Inflight Internet
GOGO | 6.76 | -104.30% | 🇺🇸 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.