P/E ratio for NextDecade Corp (NEXT)
P/E ratio as of April 2024 (TTM): -4.13
According to NextDecade Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.125. At the end of 2022 the company had a P/E ratio of -7.72.
P/E ratio history for NextDecade Corp from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -7.72 | -10.63% |
| 2021 | -8.64 | -0.83% |
| 2020 | -8.71 | -36.18% |
| 2019 | -13.6 | 1.07% |
| 2018 | -13.5 | -43.21% |
| 2017 | -23.8 | -78.86% |
| 2016 | -112 | -39.31% |
| 2015 | -185 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kinder Morgan KMI | 16.6 | -501.32% | 🇺🇸 USA |
 NextDecade Corp NEXT | -4.13 | 0.00% | 🇺🇸 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.