P/E ratio for NIO (NIO)
P/E ratio as of June 2023 (TTM): -5.83
According to NIO's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.82839. At the end of 2019 the company had a P/E ratio of -2.51.
P/E ratio history for NIO from 2018 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 | 57.0 | -1,077.24% | 🇺🇸 USA |
 Nikola NKLA | -0.3289 | -94.36% | 🇺🇸 USA |
 Lucid Motors LCID | -5.69 | -2.38% | 🇺🇸 USA |
 Rivian RIVN | -2.07 | -64.44% | 🇺🇸 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.