P/E ratio for Xunlei (XNET)
P/E ratio as of April 2024 (TTM): 6.45
According to Xunlei's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.44628. At the end of 2022 the company had a P/E ratio of 5.73.
P/E ratio history for Xunlei from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.73 | -94.8% |
| 2021 | 110 | -872.19% |
| 2020 | -14.3 | 128.93% |
| 2019 | -6.23 | 6.99% |
| 2018 | -5.83 | -78.44% |
| 2017 | -27.0 | 158.69% |
| 2016 | -10.4 | -72.92% |
| 2015 | -38.6 | 4231.01% |
| 2014 | -0.8906 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Netflix NFLX | 54.4 | 744.26% | 🇺🇸 USA |
 JOYY YY | 7.64 | 18.49% | 🇨🇳 China |
 Baidu BIDU | 16.0 | 148.25% | 🇨🇳 China |
 Renren
RENN | 1.08 | -83.27% | 🇨🇳 China |
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.