P/E ratio for Velan (VLN.TO)
P/E ratio as of April 2024 (TTM): -1.66
According to Velan's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.66142. At the end of 2022 the company had a P/E ratio of -2.51.
P/E ratio history for Velan from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.51 | -108.21% |
| 2021 | 30.6 | -328.82% |
| 2020 | -13.4 | -62.39% |
| 2019 | -35.6 | 266.75% |
| 2018 | -9.71 | -81.67% |
| 2017 | -53.0 | -34.01% |
| 2016 | -80.3 | -643.42% |
| 2015 | 14.8 | -12.92% |
| 2014 | 17.0 | -2.89% |
| 2013 | 17.5 | 8.45% |
| 2012 | 16.1 | -41.49% |
| 2011 | 27.5 | 102.54% |
| 2010 | 13.6 | 64.85% |
| 2009 | 8.24 | 109.61% |
| 2008 | 3.93 | -84.79% |
| 2007 | 25.8 | -40.82% |
| 2006 | 43.7 | 30.71% |
| 2005 | 33.4 | -128.16% |
| 2004 | -119 | 80.07% |
| 2003 | -65.9 | -418.53% |
| 2002 | 20.7 | 40.14% |
| 2001 | 14.8 |
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.