P/E ratio for Via Renewables (VIA)
P/E ratio as of June 2024 (TTM): -2.94
According to Via Renewables's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.93984. At the end of 2022 the company had a P/E ratio of -255.
P/E ratio history for Via Renewables from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -255 | 592.96% |
| 2021 | -36.9 | -626.29% |
| 2020 | 7.01 | -98.48% |
| 2019 | 462 | -4510.03% |
| 2018 | -10.5 | -204.65% |
| 2017 | 10.0 | -7.26% |
| 2016 | 10.8 | -34.43% |
| 2015 | 16.4 | 158.67% |
| 2014 | 6.36 |
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.