P/E ratio for Prodware (ALPRO.PA)
P/E ratio at the end of 2023: -2.56
According to Prodware's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.4076. At the end of 2023 the company had a P/E ratio of -2.56.
P/E ratio history for Prodware from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -2.56 | -171.96% |
| 2022 | 3.55 | -528.04% |
| 2021 | -0.8298 | -117.85% |
| 2020 | 4.65 | -3.13% |
| 2019 | 4.80 | -28.46% |
| 2018 | 6.71 | 6.16% |
| 2017 | 6.32 | 25.03% |
| 2016 | 5.05 | -49.99% |
| 2015 | 10.1 | 15.85% |
| 2014 | 8.72 | 57.59% |
| 2013 | 5.53 | -21.66% |
| 2012 | 7.07 | 232.97% |
| 2011 | 2.12 | 90404.12% |
| 2010 | 0.0023 | -99.92% |
| 2009 | 2.79 |
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.