P/E ratio for Lordstown Motors (RIDE)
P/E ratio as of April 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 |
|---|---|---|---|
 Workhorse Group
WKHS | -0.2153 | 273.81% | 🇺🇸 USA |
 Federal Signal FSS | 37.6 | -65,373.31% | 🇺🇸 USA |
 Lordstown Motors RIDE | -0.0576 | 0.00% | 🇺🇸 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.