ReneSola
SOL
#7366
Rank
$0.11 B
Marketcap
$1.94
Share price
-4.68%
Change (1 day)
-52.10%
Change (1 year)

P/E ratio for ReneSola (SOL)

P/E ratio as of March 2024 (TTM): 7.34

According to ReneSola 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.33856. At the end of 2022 the company had a P/E ratio of 46.6.

P/E ratio history for ReneSola from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202246.6-21.78%
202159.6-73.93%
2020229-2965.55%
2019-7.98-114.65%
201854.53062.93%
20171.72-191.48%
2016-1.88-93.36%
2015-28.3568.26%
2014-4.24258.85%
2013-1.18113.29%
2012-0.5540-100.14%
20113998839.4%
20104.46-156.12%
2009-7.9534.45%
2008-5.91

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
2.78-62.09%๐Ÿ‡จ๐Ÿ‡ณ China
3.06-58.37%๐Ÿ‡จ๐Ÿ‡ฆ Canada
2.16-70.51%๐Ÿ‡จ๐Ÿ‡ณ China

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.