P/E ratio for TRxADE HEALTH (MEDS)
P/E ratio as of May 2024 (TTM): -1.16
According to TRxADE HEALTH's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.15859. At the end of 2022 the company had a P/E ratio of -1.26.
P/E ratio history for TRxADE HEALTH from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.26 | -69.73% |
| 2021 | -4.17 | -96.85% |
| 2020 | -132 | -446.2% |
| 2019 | 38.2 | 320.43% |
| 2018 | 9.09 | -39.11% |
| 2017 | 14.9 | -1683.09% |
| 2016 | -0.9426 | -91.82% |
| 2015 | -11.5 | 104.14% |
| 2014 | -5.64 |
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.