P/E ratio for LexinFintech Holdings (LX)
P/E ratio as of April 2024 (TTM): 1.56
According to LexinFintech Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.55623. At the end of 2022 the company had a P/E ratio of 2.71.
P/E ratio history for LexinFintech Holdings from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.71 | 37.13% |
| 2021 | 1.98 | -85.24% |
| 2020 | 13.4 | 79.52% |
| 2019 | 7.46 | 78.38% |
| 2018 | 4.18 | -97.96% |
| 2017 | 205 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 360 DigiTech QFIN | 5.35 | 243.86% | 🇨🇳 China |
 Rocket Companies
RKT | -74.3 | -4,873.98% | 🇺🇸 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.