P/E ratio for Societal CDMO (SCTL)
P/E ratio as of May 2024 (TTM): -3.55
According to Societal CDMO's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.54839. At the end of 2022 the company had a P/E ratio of -4.26.
P/E ratio history for Societal CDMO from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.26 | -22.82% |
| 2021 | -5.52 | 122.58% |
| 2020 | -2.48 | -89.32% |
| 2019 | -23.2 | 1295.57% |
| 2018 | -1.66 | -47.29% |
| 2017 | -3.15 | 24.36% |
| 2016 | -2.54 | -110.68% |
| 2015 | 23.7 | -4811.03% |
| 2014 | -0.5039 |
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.