P/E ratio for Yiren Digital (YRD)
P/E ratio as of April 2024 (TTM): 1.85
According to Yiren Digital's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.84638. At the end of 2022 the company had a P/E ratio of 0.6858.
P/E ratio history for Yiren Digital from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 0.6858 | -54.66% |
| 2021 | 1.51 | -155.13% |
| 2020 | -2.74 | -189.3% |
| 2019 | 3.07 | -48.02% |
| 2018 | 5.91 | -54.25% |
| 2017 | 12.9 | 74.66% |
| 2016 | 7.40 | -38.76% |
| 2015 | 12.1 |
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.