P/E ratio for Socket Mobile (SCKT)
P/E ratio as of July 2024 (TTM): -4.00
According to Socket Mobile's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4. At the end of 2021 the company had a P/E ratio of 7.03.
P/E ratio history for Socket Mobile from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.03 | -247.78% |
| 2020 | -4.76 | -115.37% |
| 2019 | 31.0 | -285.79% |
| 2018 | -16.7 | -20.86% |
| 2017 | -21.1 | -1243.15% |
| 2016 | 1.84 | -74.24% |
| 2015 | 7.15 | -71.03% |
| 2014 | 24.7 | -522.21% |
| 2013 | -5.85 | 261.4% |
| 2012 | -1.62 | -51.56% |
| 2011 | -3.34 | 73.64% |
| 2010 | -1.92 | 38.34% |
| 2009 | -1.39 | -25.33% |
| 2008 | -1.86 | -77.3% |
| 2007 | -8.20 | -34.11% |
| 2006 | -12.4 | |
| 2003 | -47.7 | 695.24% |
| 2002 | -6.00 | -10.71% |
| 2001 | -6.72 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 HP HPQ | 14.9 | -472.11% | 🇺🇸 USA |
 Zebra Technologies ZBRA | 34.3 | -958.33% | 🇺🇸 USA |
 Honeywell HON | 26.2 | -754.88% | 🇺🇸 USA |
 TransAct Technologies TACT | N/A | N/A | 🇺🇸 USA |
 Digi International
DGII | 27.7 | -792.17% | 🇺🇸 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.