Redfin
RDFN
#4178
Rank
$1.31 B
Marketcap
$12.09
Share price
16.47%
Change (1 day)
-78.33%
Change (1 year)

P/E ratio for Redfin (RDFN)

P/E ratio as of August 2022 (TTM): -7.46

According to Redfin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.46296. At the end of 2021 the company had a P/E ratio of -34.0.

P/E ratio history for Redfin from 2017 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-34.0-86.14%
2020-245931.91%
2019-23.8-17.52%
2018-28.8107.86%
2017-13.9

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.