NIO
NIO
#1728
Rank
$9.22 B
Marketcap
$4.30
Share price
-4.02%
Change (1 day)
-63.34%
Change (1 year)

P/E ratio for NIO (NIO)

P/E ratio as of July 2024 (TTM): -2.38

According to NIO's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.38407. 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%
2020-69.52671.26%
2019-2.51214.33%
2018-0.7981

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-6.14 157.51%๐Ÿ‡บ๐Ÿ‡ธ USA
63.3-2,756.81%๐Ÿ‡บ๐Ÿ‡ธ USA
-2.29-3.79%๐Ÿ‡บ๐Ÿ‡ธ USA
-2.51 5.48%๐Ÿ‡บ๐Ÿ‡ธ 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.