P/E ratio for Oblong (OBLG)
P/E ratio as of July 2024 (TTM): -0.0320
According to Oblong's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.031963. At the end of 2022 the company had a P/E ratio of -0.1695.
P/E ratio history for Oblong from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.1695 | -93.12% |
| 2021 | -2.46 | -28.18% |
| 2020 | -3.43 | 272.75% |
| 2019 | -0.9205 | 6.21% |
| 2018 | -0.8667 | -135.45% |
| 2017 | 2.44 | -190.54% |
| 2016 | -2.70 | -62.2% |
| 2015 | -7.14 | -54.47% |
| 2014 | -15.7 | 70.53% |
| 2013 | -9.20 | -123.12% |
| 2012 | 39.8 | -66.13% |
| 2011 | 118 | -1032.54% |
| 2010 | -12.6 | -77.17% |
| 2009 | -55.2 | 1924% |
| 2008 | -2.73 | -31.82% |
| 2007 | -4.00 | 152.63% |
| 2006 | -1.58 | -0.75% |
| 2005 | -1.60 | -51.63% |
| 2004 | -3.30 | 43.22% |
| 2003 | -2.30 | 67.54% |
| 2002 | -1.37 | -79.67% |
| 2001 | -6.76 |
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.