P/E ratio for Tactile Medical (TCMD)
P/E ratio as of May 2024 (TTM): 561
According to Tactile Medical's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 561.474. At the end of 2022 the company had a P/E ratio of -12.9.
P/E ratio history for Tactile Medical from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -12.9 | -59.33% |
| 2021 | -31.7 | -96.47% |
| 2020 | -899 | -872.19% |
| 2019 | 116 | -6.16% |
| 2018 | 124 | 45.53% |
| 2017 | 85.2 | -74.01% |
| 2016 | 328 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Merit Medical MMSI | 44.3 | -92.12% | 🇺🇸 USA |
 Inari Medical
NARI | -840 | -249.57% | 🇺🇸 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.