XL Fleet
XL
#7110
Rank
$0.16 B
Marketcap
$1.14
Share price
30.91%
Change (1 day)
-45.71%
Change (1 year)

P/E ratio for XL Fleet (XL)

P/E ratio as of March 2024 (TTM): -2.48

According to XL Fleet 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.47826. At the end of 2021 the company had a P/E ratio of 15.0.

P/E ratio history for XL Fleet from 2020 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202115.0-113.53%
2020-111

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-21.8 780.34%๐Ÿ‡บ๐Ÿ‡ธ USA
44.8-1,906.36%๐Ÿ‡บ๐Ÿ‡ธ USA
9.72-492.27%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.