P/E ratio for NanoString Technologies (NSTG)
P/E ratio as of April 2024 (TTM): -0.0297
According to NanoString Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0297458. At the end of 2022 the company had a P/E ratio of -2.31.
P/E ratio history for NanoString Technologies from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.31 | -86.05% |
| 2021 | -16.6 | -29.43% |
| 2020 | -23.5 | 3.75% |
| 2019 | -22.6 | 325.52% |
| 2018 | -5.32 | 32.35% |
| 2017 | -4.02 | -57.68% |
| 2016 | -9.49 | 54.82% |
| 2015 | -6.13 | 23.64% |
| 2014 | -4.96 | 345.06% |
| 2013 | -1.11 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Thermo Fisher Scientific TMO | 37.4 | -125,804.47% | 🇺🇸 USA |
 Agilent Technologies A | 36.0 | -120,967.48% | 🇺🇸 USA |
 Illumina ILMN | -4.60 | 15,356.03% | 🇺🇸 USA |
 PerkinElmer
PKI | 15.0 | -50,415.00% | 🇺🇸 USA |
 Pacific Biosciences
PACB | -1.16 | 3,804.48% | 🇺🇸 USA |
 Luminex LMNX | N/A | N/A | 🇺🇸 USA |
 Bio-Rad Laboratories BIO | -48.2 | 161,796.13% | 🇺🇸 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.