P/E ratio for Kala Pharmaceuticals (KALA)
P/E ratio as of May 2024 (TTM): 96.5
According to Kala Pharmaceuticals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 96.4986. At the end of 2022 the company had a P/E ratio of -1.29.
P/E ratio history for Kala Pharmaceuticals from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.29 | 131.43% |
| 2021 | -0.5554 | -83.53% |
| 2020 | -3.37 | 152.3% |
| 2019 | -1.34 | -33.02% |
| 2018 | -2.00 | -77.8% |
| 2017 | -8.99 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 OPKO Health
OPK | -4.81 | -104.99% | 🇺🇸 USA |
 Onconova Therapeutics ONTX | -0.9953 | -101.03% | 🇺🇸 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.