P/E ratio for Zentek (ZTEK)
P/E ratio as of May 2024 (TTM): -11.6
According to Zentek's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -11.5913. At the end of 2022 the company had a P/E ratio of -20.9.
P/E ratio history for Zentek from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -20.9 | 56.45% |
| 2021 | -13.3 | -80.52% |
| 2020 | -68.5 | 396.26% |
| 2019 | -13.8 | 40.5% |
| 2018 | -9.83 | -43.28% |
| 2017 | -17.3 | 3.12% |
| 2016 | -16.8 | 33.57% |
| 2015 | -12.6 | -55.88% |
| 2014 | -28.5 | 15.88% |
| 2013 | -24.6 | 38.68% |
| 2012 | -17.7 |
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.