P/E ratio for Magnite (MGNI)
P/E ratio as of April 2024 (TTM): -5.14
According to Magnite's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.13953. At the end of 2022 the company had a P/E ratio of -10.8.
P/E ratio history for Magnite from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -10.8 | -100.21% |
| 2021 | > 1000 | -9904.89% |
| 2020 | -52.1 | 212.56% |
| 2019 | -16.7 | 449.15% |
| 2018 | -3.03 | 412.45% |
| 2017 | -0.5918 | -96.97% |
| 2016 | -19.5 | -96.44% |
| 2015 | -548 | 1925.67% |
| 2014 | -27.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Proofpoint PFPT | N/A | N/A | 🇺🇸 USA |
 PFSweb PFSW | N/A | N/A | 🇺🇸 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.