Lordstown Motors
RIDE
#7964
Rank
$36.95 M
Marketcap
$2.20
Share price
0.00%
Change (1 day)
-94.99%
Change (1 year)

P/E ratio for Lordstown Motors (RIDE)

P/E ratio as of June 2024 (TTM): -0.0576

According to Lordstown Motors's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0576067. At the end of 2022 the company had a P/E ratio of -0.8550.

P/E ratio history for Lordstown Motors from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-0.8550-43.25%
2021-1.51-94.4%
2020-26.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-0.2055 256.69%๐Ÿ‡บ๐Ÿ‡ธ USA
37.9-65,923.25%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.0576 0.00%๐Ÿ‡บ๐Ÿ‡ธ 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.