TrueCar
TRUE
#6718
Rank
$0.25 B
Marketcap
$2.80
Share price
0.00%
Change (1 day)
29.03%
Change (1 year)

P/E ratio for TrueCar (TRUE)

P/E ratio as of June 2024 (TTM): -1.85

According to TrueCar's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.8543. At the end of 2022 the company had a P/E ratio of -1.92.

P/E ratio history for TrueCar from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-1.92-78.02%
2021-8.72-257.75%
20205.53-160.5%
2019-9.13-71.77%
2018-32.41.12%
2017-32.025.44%
2016-25.5108.57%
2015-12.2-64.23%
2014-34.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
21.6-1,266.07%๐Ÿ‡บ๐Ÿ‡ธ USA
6.68-460.30%๐Ÿ‡บ๐Ÿ‡ธ USA
-25.5 1,276.77%๐Ÿ‡บ๐Ÿ‡ธ 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.