P/E ratio for ITM Power (ITM.L)
P/E ratio at the end of 2022: -40.7
According to ITM Power's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -608.75. At the end of 2022 the company had a P/E ratio of -40.7.
P/E ratio history for ITM Power from 2005 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -40.7 | -52.57% |
| 2021 | -85.8 | 304.53% |
| 2020 | -21.2 | 196.88% |
| 2019 | -7.15 | -50.01% |
| 2018 | -14.3 | 16.18% |
| 2017 | -12.3 | 89.94% |
| 2016 | -6.48 | -14.45% |
| 2015 | -7.57 | 97.82% |
| 2014 | -3.83 | -47.5% |
| 2013 | -7.29 | -21.85% |
| 2012 | -9.33 | 24.46% |
| 2011 | -7.50 | 74.63% |
| 2010 | -4.29 | 56.13% |
| 2009 | -2.75 | -65.23% |
| 2008 | -7.91 | -75.45% |
| 2007 | -32.2 | -70.95% |
| 2006 | -111 | 176.31% |
| 2005 | -40.1 |
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.