P/E ratio for Lumentum (LITE)
P/E ratio as of April 2024 (TTM): -22.7
According to Lumentum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -22.651. At the end of 2022 the company had a P/E ratio of 130.
P/E ratio history for Lumentum from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 130 | 536.28% |
| 2021 | 20.5 | -45.73% |
| 2020 | 37.8 | -102.86% |
| 2019 | < -1000 | -4913.5% |
| 2018 | 27.5 | -15.77% |
| 2017 | 32.6 | -79.76% |
| 2016 | 161 | -261.01% |
| 2015 | -100 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 VIAVI Solutions
VIAV | 73.3 | -423.40% | 🇺🇸 USA |
 Vocera Communications VCRA | -335 | 1,378.49% | 🇺🇸 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.