P/E ratio for Neovasc (NVCN)
P/E ratio as of April 2024 (TTM): -2.34
According to Neovasc's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.34061. At the end of 2022 the company had a P/E ratio of -1.05.
P/E ratio history for Neovasc from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.05 | 2130.02% |
| 2021 | -0.0470 | 108.11% |
| 2020 | -0.0226 | -22.42% |
| 2019 | -0.0291 | 785.17% |
| 2018 | -0.0033 | -96.36% |
| 2017 | -0.0904 | 67.56% |
| 2016 | -0.0540 | -86.95% |
| 2015 | -0.4137 | -47.98% |
| 2014 | -0.7952 | -29.24% |
| 2013 | -1.12 | -83.39% |
| 2012 | -6.76 | 1073.85% |
| 2011 | -0.5763 | 17.83% |
| 2010 | -0.4891 | 475.98% |
| 2009 | -0.0849 | 6358063.13% |
| 2008 | 0.0000 |
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.