P/E ratio for The9 (NCTY)
P/E ratio as of April 2024 (TTM): -0.0079
According to The9's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.00791121. At the end of 2008 the company had a P/E ratio of 0.9530.
P/E ratio history for The9 from 2004 to 2013
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2008 | 0.9530 | -63.35% |
| 2007 | 2.60 | -9.81% |
| 2006 | 2.88 | -80.51% |
| 2005 | 14.8 | -34.36% |
| 2004 | 22.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 OpenText OTEX | 63.8 | -806,821.10% | 🇨🇦 Canada |
 NetEase NTES | 16.8 | -211,917.16% | 🇨🇳 China |
 GigaMedia GIGM | -10.7 | 134,948.87% | 🇹🇼 Taiwan |
 International Game Technology IGT | 39.7 | -502,241.90% | 🇬🇧 UK |
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.