P/E ratio for Purple Innovation (PRPL)
P/E ratio as of May 2024 (TTM): -1.19
According to Purple Innovation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.19403. At the end of 2022 the company had a P/E ratio of -4.61.
P/E ratio history for Purple Innovation from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.61 | -102.43% |
| 2021 | 190 | -2661% |
| 2020 | -7.40 | -75.35% |
| 2019 | -30.0 | 160.06% |
| 2018 | -11.5 | 14.92% |
| 2017 | -10.1 | -50.46% |
| 2016 | -20.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Purple Innovation
PRPL | -1.19 | 0.00% | 🇺🇸 USA |
 Restoration Hardware
RH | 18.3 | -1,634.50% | 🇺🇸 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.