P/E ratio for TESSCO Technologies (TESS)
P/E ratio as of April 2024 (TTM): -19.1
According to TESSCO Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -19.1277. At the end of 2022 the company had a P/E ratio of -123.
P/E ratio history for TESSCO Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -123 | 773.61% |
| 2021 | -14.0 | 423.59% |
| 2020 | -2.68 | -80.49% |
| 2019 | -13.7 | -176.64% |
| 2018 | 17.9 | -66.22% |
| 2017 | 53.0 | -83.68% |
| 2016 | 325 | 1335.54% |
| 2015 | 22.6 | 10.86% |
| 2014 | 20.4 | 0.8% |
| 2013 | 20.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Richardson Electronics RELL | 8.13 | -142.50% | 🇺🇸 USA |
 Arrow Electronics
ARW | 7.04 | -136.83% | 🇺🇸 USA |
 Avnet AVT | 5.65 | -129.56% | 🇺🇸 USA |
 Systemax
SYX | N/A | N/A | 🇺🇸 USA |
 TD Synnex SNX | 16.8 | -187.94% | 🇺🇸 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.