P/E ratio for Wolfspeed (WOLF)
P/E ratio as of June 2023 (TTM): -34.9
According to Wolfspeed's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -34.8514. At the end of 2021 the company had a P/E ratio of -30.5.
P/E ratio history for Wolfspeed from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -30.5 | -3.11% |
| 2020 | -31.5 | 191.94% |
| 2019 | -10.8 | -27.99% |
| 2018 | -15.0 | -53.96% |
| 2017 | -32.6 | -95.74% |
| 2016 | -764 | 2531.29% |
| 2015 | -29.0 | -161.39% |
| 2014 | 47.3 | -26.58% |
| 2013 | 64.4 | |
| 2011 | 38.8 |
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.