Psychemedics
PMD
#7113
Rank
$27.17 M
Marketcap
$4.75
Share price
-1.04%
Change (1 day)
-24.84%
Change (1 year)

P/E ratio for Psychemedics (PMD)

P/E ratio as of June 2023 (TTM): -24.9

According to Psychemedics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -24.8554. At the end of 2021 the company had a P/E ratio of -58.1.

P/E ratio history for Psychemedics from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-58.1695.57%
2020-7.30-122.32%
201932.771.71%
201819.13.59%
201718.4-8.49%
201620.1-44.5%
201536.243.42%
201425.323.76%
201320.48.18%
201218.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
16.8-167.65%๐Ÿ‡บ๐Ÿ‡ธ USA
19.6-178.93%๐Ÿ‡บ๐Ÿ‡ธ USA
169-778.33%๐Ÿ‡บ๐Ÿ‡ธ USA
-17.9-28.02%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.70-85.11%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.