Reason: Acquired by Francisco Partners and TPG for $6.5 Billion
Last recorded trade on: January 10, 2024
Source: https://newrelic.com/press-release/20230731
P/E ratio for New Relic (NEWR)
P/E ratio on January 10, 2024 (TTM): -41.6
According to New Relic 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -41.622. At the end of 2022 the company had a P/E ratio of -21.1.
P/E ratio history for New Relic from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -21.1 | -22.99% |
| 2021 | -27.4 | 10.42% |
| 2020 | -24.8 | -49.48% |
| 2019 | -49.0 | -66.09% |
| 2018 | -145 | 147.78% |
| 2017 | -58.4 | 168.53% |
| 2016 | -21.7 | -21.26% |
| 2015 | -27.6 | 9.98% |
| 2014 | -25.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | -459 | 1,002.74% | 🇺🇸 USA |
 | 28.6 | -168.71% | 🇱🇺 Luxembourg |
 | 36.9 | -188.69% | 🇺🇸 USA |
 | 62.7 | -250.72% | 🇺🇸 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.