Ocean Power Technologies
OPTT
#8049
Rank
$16.02 M
Marketcap
$0.27
Share price
0.56%
Change (1 day)
-48.17%
Change (1 year)

P/E ratio for Ocean Power Technologies (OPTT)

P/E ratio as of March 2024 (TTM): -0.5469

According to Ocean Power Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.546939. At the end of 2022 the company had a P/E ratio of -1.18.

P/E ratio history for Ocean Power Technologies from 2007 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-1.18-72%
2021-4.2350.91%
2020-2.801439.54%
2019-0.1820-64.64%
2018-0.5148-43.8%
2017-0.915958.35%
2016-0.578499.42%
2015-0.2901-67.77%
2014-0.9000-43.28%
2013-1.5910.48%
2012-1.44-7.67%
2011-1.56-37.18%
2010-2.48-57.95%
2009-5.8976.05%
2008-3.35-55.28%
2007-7.48

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
16.6-3,140.25%๐Ÿ‡บ๐Ÿ‡ธ USA
21.1-3,951.75%๐Ÿ‡บ๐Ÿ‡ธ USA
45.7-8,450.22%๐Ÿ‡บ๐Ÿ‡ธ USA
-19.7 3,495.78%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.3190-41.68%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.