P/E ratio for PetIQ (PETQ)
P/E ratio as of May 2024 (TTM): -15.6
According to PetIQ's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -15.5984. At the end of 2022 the company had a P/E ratio of -5.59.
P/E ratio history for PetIQ from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.59 | -86.71% |
| 2021 | -42.1 | 240.16% |
| 2020 | -12.4 | -75.82% |
| 2019 | -51.1 | -97.82% |
| 2018 | < -1000 | 2694.05% |
| 2017 | -84.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 OPKO Health
OPK | -4.81 | -69.13% | 🇺🇸 USA |
 Onconova Therapeutics ONTX | -0.9953 | -93.62% | 🇺🇸 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.