Polar Power
POLA
#8129
Rank
$10.74 M
Marketcap
$0.61
Share price
-2.91%
Change (1 day)
-49.87%
Change (1 year)

P/E ratio for Polar Power (POLA)

P/E ratio as of March 2024 (TTM): -1.52

According to Polar Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.51537. At the end of 2022 the company had a P/E ratio of -2.87.

P/E ratio history for Polar Power from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-2.87-90.39%
2021-29.8524.13%
2020-4.78-20.61%
2019-6.02-90.08%
2018-60.7-15.2%
2017-71.6-461.21%
201619.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-1.52 0.00%๐Ÿ‡บ๐Ÿ‡ธ USA
-1.93 27.43%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.