P/E ratio for POET Technologies (POET)
P/E ratio as of May 2024 (TTM): -4.47
According to POET Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.4717. At the end of 2022 the company had a P/E ratio of -5.30.
P/E ratio history for POET Technologies from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.30 | -65.67% |
| 2021 | -15.4 | 23.48% |
| 2020 | -12.5 | -6.25% |
| 2019 | -13.3 | 300% |
| 2018 | -3.33 | -21.57% |
| 2017 | -4.25 | 6.25% |
| 2016 | -4.00 | -62.16% |
| 2015 | -10.6 | -30.68% |
| 2014 | -15.3 | 52.5% |
| 2013 | -10.0 | 52.54% |
| 2012 | -6.56 | 259.5% |
| 2011 | -1.82 | -30.83% |
| 2010 | -2.64 | 94.86% |
| 2009 | -1.35 | 1.47% |
| 2008 | -1.33 |
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.