Ascent Solar Technologies
ASTI
#8477
Rank
$9.69 M
Marketcap
$0.10
Share price
4.09%
Change (1 day)
16.00%
Change (1 year)

P/E ratio for Ascent Solar Technologies (ASTI)

P/E ratio as of July 2024 (TTM): -0.0007

According to Ascent Solar Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.000704691. At the end of 2022 the company had a P/E ratio of -0.0157.

P/E ratio history for Ascent Solar Technologies from 2022 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-0.0157

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
52.5-7,454,643.91%๐Ÿ‡บ๐Ÿ‡ธ USA
13.3-1,882,400.19%๐Ÿ‡บ๐Ÿ‡ธ USA
28.5-4,041,885.69%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.