Palatin Technologies
PTN
#7894
Rank
$30.17 M
Marketcap
$1.87
Share price
16.87%
Change (1 day)
-39.48%
Change (1 year)

P/E ratio for Palatin Technologies (PTN)

P/E ratio as of March 2024 (TTM): -0.5405

According to Palatin Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.540541. At the end of 2022 the company had a P/E ratio of -0.8179.

P/E ratio history for Palatin Technologies from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-0.8179-76.52%
2021-3.48-43.65%
2020-6.18-242.66%
20194.33-102.28%
2018-190-2967.4%
20176.62-489.14%
2016-1.70-15%
2015-2.00-97.26%
2014-73.01400%
2013-4.87297.44%
2012-1.2236.17%
2011-0.8992-29.39%
2010-1.27-112.39%
200910.3-2041.36%
2008-0.5294-49.71%
2007-1.05-76.78%
2006-4.53-42.99%
2005-7.9516.58%
2004-6.8263.69%
2003-4.17104.12%
2002-2.04-44.11%
2001-3.65

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.2-2,174.68%๐Ÿ‡บ๐Ÿ‡ธ USA
34.4-6,461.76%๐Ÿ‡ฌ๐Ÿ‡ง UK
70.3-13,109.45%๐Ÿ‡บ๐Ÿ‡ธ USA
-5.88 987.80%๐Ÿ‡บ๐Ÿ‡ธ USA
45.4-8,498.05%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
-148 27,331.22%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.89 805.08%๐Ÿ‡บ๐Ÿ‡ธ USA
-61.8 11,323.74%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.