According to Bid Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.964. At the end of 2022 the company had a P/E ratio of 19.0.
Year | P/E ratio | Change |
---|---|---|
2022 | 19.0 | -27.38% |
2021 | 26.1 | -67.08% |
2020 | 79.4 | 323.41% |
2019 | 18.7 | -2.3% |
2018 | 19.2 | 12.45% |
2017 | 17.1 | 216.89% |
2016 | 5.38 |
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.