P/E ratio for Rocket Pharmaceuticals (RCKT)
P/E ratio as of April 2024 (TTM): -7.09
According to Rocket Pharmaceuticals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.09366. At the end of 2022 the company had a P/E ratio of -6.00.
P/E ratio history for Rocket Pharmaceuticals from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -6.00 | -26.3% |
| 2021 | -8.15 | -62.57% |
| 2020 | -21.8 | 51.07% |
| 2019 | -14.4 | 83.71% |
| 2018 | -7.84 | 225.22% |
| 2017 | -2.41 | -36.66% |
| 2016 | -3.81 | -8.95% |
| 2015 | -4.18 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ORIC Pharmaceuticals
ORIC | -4.36 | -38.50% | 🇺🇸 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.