P/E ratio for Red Cat Holdings (RCAT)
P/E ratio as of April 2024 (TTM): -2.70
According to Red Cat Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.7037. At the end of 2022 the company had a P/E ratio of -2.85.
P/E ratio history for Red Cat Holdings from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.85 | -26.05% |
| 2021 | -3.85 | -84.59% |
| 2020 | -25.0 | 7876.52% |
| 2019 | -0.3134 | 128.15% |
| 2018 | -0.1374 | -109.48% |
| 2017 | 1.45 | -119.54% |
| 2016 | -7.42 | 118.35% |
| 2015 | -3.40 | 13802.7% |
| 2014 | -0.0244 | -100.62% |
| 2013 | 3.97 | 638.51% |
| 2012 | 0.5375 | -104.52% |
| 2011 | -11.9 | 194.98% |
| 2010 | -4.03 | 141.39% |
| 2009 | -1.67 | -572.85% |
| 2008 | 0.3533 | -75.07% |
| 2007 | 1.42 | -22.26% |
| 2006 | 1.82 | -176.37% |
| 2005 | -2.39 | -366.55% |
| 2004 | 0.8956 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Lockheed Martin LMT | 16.9 | -725.79% | 🇺🇸 USA |
 Northrop Grumman NOC | 16.0 | -690.89% | 🇺🇸 USA |
 Red Cat Holdings RCAT | -2.70 | 0.00% | 🇺🇸 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.