Lyft
LYFT
#2299
Rank
$6.31 B
Marketcap
$15.64
Share price
1.36%
Change (1 day)
92.14%
Change (1 year)
Lyft, Inc. is an American ridesharing company. The company develops, markets, and operates the Lyft mobile app, offering car rides, motorized scooters, a bicycle-sharing system, and food delivery.

P/E ratio for Lyft (LYFT)

P/E ratio as of May 2024 (TTM): -4.27

According to Lyft's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.27424. At the end of 2022 the company had a P/E ratio of -2.47.

P/E ratio history for Lyft from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-2.47-82.07%
2021-13.857.39%
2020-8.76973.22%
2019-0.8160

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-318 7,339.92%๐Ÿ‡บ๐Ÿ‡ธ USA
-6.29 47.19%๐Ÿ‡จ๐Ÿ‡ณ China
-13.6 218.01%๐Ÿ‡ธ๐Ÿ‡ฌ Singapore

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.