Bitcoin Group
ADE.DE
#8192
Rank
NZ$0.34 B
Marketcap
$68.05
Share price
-3.63%
Change (1 day)
-6.79%
Change (1 year)

P/E ratio for Bitcoin Group (ADE.DE)

P/E ratio at the end of 2022: -37.3

According to Bitcoin Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -75.3962. At the end of 2022 the company had a P/E ratio of -37.3.

P/E ratio history for Bitcoin Group from 2017 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2022-37.3-355.69%
202114.6-56.13%
202033.3-41%
201956.4-11.76%
201863.967.4%
201738.2

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.