RingCentral
RNG
#2898
Rank
$3.34 B
Marketcap
$34.82
Share price
-2.19%
Change (1 day)
-84.49%
Change (1 year)
RingCentral, Inc. is an American company that provides cloud-based communications and collaboration solutions for businesses.

P/E ratio for RingCentral (RNG)

P/E ratio as of November 2022 (TTM): -5.66

According to RingCentral 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.66179. At the end of 2021 the company had a P/E ratio of -45.8.

P/E ratio history for RingCentral from 2013 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-45.8-88.52%
2020-39951.36%
2019-2642.3%
2018-25880.98%
2017-142176.41%
2016-51.50.47%
2015-51.3150.81%
2014-20.410.99%
2013-18.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
25.9-558.16%๐Ÿ‡บ๐Ÿ‡ธ USA
84.4-1,591.57%๐Ÿ‡บ๐Ÿ‡ธ USA
6.84-220.87%๐Ÿ‡บ๐Ÿ‡ธ USA
17.0-400.07%๐Ÿ‡บ๐Ÿ‡ธ USA
29.0-611.70%๐Ÿ‡บ๐Ÿ‡ธ USA
N/A-100.00%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.78-33.28%๐Ÿ‡บ๐Ÿ‡ธ 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.