P/E ratio for SMART Global Holdings (SGH)
P/E ratio as of March 2023 (TTM): 14.9
According to SMART Global Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8654. At the end of 2021 the company had a P/E ratio of 80.7.
P/E ratio history for SMART Global Holdings from 2017 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 80.7 | -97.86% |
| 2020 | > 1000 | 8727.28% |
| 2019 | 42.6 | 735.36% |
| 2018 | 5.10 | -85.66% |
| 2017 | 35.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Power Integrations
POWI | 27.5 | 84.80% | 🇺🇸 USA |
 Photronics PLAB | 8.59 | -42.20% | 🇺🇸 USA |
 PDF Solutions PDFS | -141 | -1,048.74% | 🇺🇸 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.