P/E ratio for RADA Electronic Industries (RADA)
P/E ratio as of April 2024 (TTM): 75.9
According to RADA Electronic Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 75.9231. At the end of 2020 the company had a P/E ratio of 72.5.
P/E ratio history for RADA Electronic Industries from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 72.5 | -169.89% |
| 2019 | -104 | -103.67% |
| 2018 | > 1000 | 8157.35% |
| 2017 | 34.2 | |
| 2015 | -0.6429 | -101.29% |
| 2014 | 50.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Lockheed Martin LMT | 16.6 | -78.13% | 🇺🇸 USA |
 General Electric GE | 18.2 | -76.02% | 🇺🇸 USA |
 Northrop Grumman NOC | 14.8 | -80.51% | 🇺🇸 USA |
 Elbit Systems
ESLT | 33.0 | -56.53% | 🇮🇱 Israel |
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.