P/E ratio for PyroGenesis Canada (PYR.TO)
P/E ratio as of April 2024 (TTM): -3.93
According to PyroGenesis Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.92807. At the end of 2022 the company had a P/E ratio of -5.42.
P/E ratio history for PyroGenesis Canada from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.42 | -62.89% |
| 2021 | -14.6 | -213.94% |
| 2020 | 12.8 | -290.96% |
| 2019 | -6.71 | -23.99% |
| 2018 | -8.83 | -15.87% |
| 2017 | -10.5 | 267.5% |
| 2016 | -2.86 | -18.37% |
| 2015 | -3.50 | -56.92% |
| 2014 | -8.13 | 21.88% |
| 2013 | -6.67 | 185.71% |
| 2012 | -2.33 |
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.