P/E ratio for Loop Industries (LOOP)
P/E ratio as of April 2024 (TTM): -18.6
According to Loop Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -18.625. At the end of 2022 the company had a P/E ratio of -2.78.
P/E ratio history for Loop Industries from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.78 | -77.12% |
| 2021 | -12.1 | -2.79% |
| 2020 | -12.5 | -34.36% |
| 2019 | -19.0 | 0.46% |
| 2018 | -19.0 | -51.57% |
| 2017 | -39.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Loop Industries
LOOP | -18.6 | 0.00% | 🇨🇦 Canada |
 Lightwave Logic LWLG | -21.7 | 16.33% | 🇺🇸 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.