P/E ratio for Rite Aid (RAD)
P/E ratio as of April 2024 (TTM): -0.0219
According to Rite Aid 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0218872. At the end of 2022 the company had a P/E ratio of -0.2023.
P/E ratio history for Rite Aid from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.2023 | -95.72% |
| 2021 | -4.72 | 122% |
| 2020 | -2.13 | 4.53% |
| 2019 | -2.04 | -269.15% |
| 2018 | 1.20 | -90.84% |
| 2017 | 13.1 | -87.95% |
| 2016 | 109 | 2652.72% |
| 2015 | 3.96 | -82.1% |
| 2014 | 22.1 | 38.08% |
| 2013 | 16.0 | -335.55% |
| 2012 | -6.80 | 159.05% |
| 2011 | -2.63 | 93.89% |
| 2010 | -1.35 | 175.25% |
| 2009 | -0.4919 | 231.61% |
| 2008 | -0.1483 | -99.1% |
| 2007 | -16.4 | -808.96% |
| 2006 | 2.31 | -72.56% |
| 2005 | 8.44 | -57.13% |
| 2004 | 19.7 | -103.26% |
| 2003 | -604 | 19375.92% |
| 2002 | -3.10 | 37.29% |
| 2001 | -2.26 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CVS Health CVS | 10.2 | -46,591.56% | 🇺🇸 USA |
 1-800-PetMeds
PETS | -14.0 | 64,001.39% | 🇺🇸 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.