P/E ratio for XL Fleet (XL)
P/E ratio as of December 2023 (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 |
|---|---|---|
| 2021 | 15.0 | -113.53% |
| 2020 | -111 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allstate ALL | -17.5 | 604.69% | 🇺🇸 USA |
 Progressive PGR | 35.0 | -1,510.45% | 🇺🇸 USA |
 Old Republic International
ORI | 9.21 | -471.59% | 🇺🇸 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.