P/E ratio for NIO (NIO)
P/E ratio as of April 2024 (TTM): -2.17
According to NIO's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.16784. At the end of 2022 the company had a P/E ratio of -7.52.
P/E ratio history for NIO from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -7.52 | -75.38% |
| 2021 | -30.5 | -56.08% |
| 2020 | -69.5 | 2671.26% |
| 2019 | -2.51 | 214.33% |
| 2018 | -0.7981 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Tesla TSLA | 45.6 | -2,202.85% | 🇺🇸 USA |
 Nikola NKLA | -0.4072 | -81.22% | 🇺🇸 USA |
 Lucid Motors LCID | -1.69 | -21.94% | 🇺🇸 USA |
 Rivian RIVN | -1.35 | -37.69% | 🇺🇸 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.