According to ReneSola 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.48244. At the end of 2022 the company had a P/E ratio of 46.6.
Year | P/E ratio | Change |
---|---|---|
2022 | 46.6 | -21.78% |
2021 | 59.6 | -73.93% |
2020 | 229 | -2965.55% |
2019 | -7.98 | -114.65% |
2018 | 54.5 | 3062.93% |
2017 | 1.72 | -191.48% |
2016 | -1.88 | -93.36% |
2015 | -28.3 | 568.26% |
2014 | -4.24 | 258.85% |
2013 | -1.18 | 113.29% |
2012 | -0.5540 | -100.14% |
2011 | 399 | 8839.4% |
2010 | 4.46 | -156.12% |
2009 | -7.95 | 34.45% |
2008 | -5.91 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
2.21 | -70.53% | ๐จ๐ณ China | |
2.01 | -73.12% | ๐จ๐ณ China | |
1.93 | -74.26% | ๐จ๐ฆ Canada |
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.