According to Smart Sand 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.7. At the end of 2022 the company had a P/E ratio of -80.9.
Year | P/E ratio | Change |
---|---|---|
2022 | -80.9 | 5351.98% |
2021 | -1.48 | -182.61% |
2020 | 1.80 | -43.71% |
2019 | 3.19 | -33.9% |
2018 | 4.83 | -70.46% |
2017 | 16.3 | -63.52% |
2016 | 44.8 |
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.