P/E ratio for Patriot Battery Metals (PMET.V)
P/E ratio as of May 2024 (TTM): -113
According to Patriot Battery Metals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -112.65. At the end of 2022 the company had a P/E ratio of -65.5.
P/E ratio history for Patriot Battery Metals from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -65.5 | 2853.2% |
| 2021 | -2.22 | -3.91% |
| 2020 | -2.31 | 85.7% |
| 2019 | -1.24 | -30.2% |
| 2018 | -1.78 | -66.08% |
| 2017 | -5.25 | -14.93% |
| 2016 | -6.17 | 619.83% |
| 2015 | -0.8571 | 328.57% |
| 2014 | -0.2000 |
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.