P/E ratio for Qorvo (QRVO)
P/E ratio as of May 2024 (TTM): -97.4
According to Qorvo 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -97.3614. At the end of 2022 the company had a P/E ratio of 21.1.
P/E ratio history for Qorvo from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.1 | 35.62% |
| 2021 | 15.6 | -60.19% |
| 2020 | 39.1 | -0.33% |
| 2019 | 39.3 | -69.04% |
| 2018 | 127 | -57.67% |
| 2017 | 300 | -525.18% |
| 2016 | -70.5 | -101.13% |
| 2015 | > 1000 | 11203.27% |
| 2014 | 55.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AMD AMD | > 1000 | -1,421.80% | 🇺🇸 USA |
 Micron Technology MU | -22.3 | -77.07% | 🇺🇸 USA |
 Amkor Technology
AMKR | 19.9 | -120.41% | 🇺🇸 USA |
 Cirrus Logic
CRUS | 33.3 | -134.16% | 🇺🇸 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.