According to Open Lending's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.9143. At the end of 2022 the company had a P/E ratio of 13.0.
Year | P/E ratio | Change |
---|---|---|
2022 | 13.0 | -33.02% |
2021 | 19.4 | -174.52% |
2020 | -26.0 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
360 DigiTech QFIN | 5.39 | -61.23% | ๐จ๐ณ China |
Rocket Companies
RKT | -73.8 | -630.56% | ๐บ๐ธ USA |
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.