P/E ratio for Red Violet (RDVT)
P/E ratio as of May 2024 (TTM): 111
According to Red Violet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 110.526. At the end of 2022 the company had a P/E ratio of 576.
P/E ratio history for Red Violet from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 576 | -42% |
| 2021 | 992 | -2304.16% |
| 2020 | -45.0 | 150.5% |
| 2019 | -18.0 | 78.64% |
| 2018 | -10.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Anaplan
PLAN | -46.2 | -141.78% | 🇺🇸 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.