P/E ratio for Cognyte Software (CGNT)
P/E ratio as of May 2024 (TTM): -7.18
According to Cognyte Software's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.17757. At the end of 2022 the company had a P/E ratio of -2.10.
P/E ratio history for Cognyte Software from 2021 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.10 | -100.34% |
| 2021 | 610 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Abiomed ABMD | 64.8 | -1,002.80% | 🇺🇸 USA |
 Intuitive Surgical ISRG | 92.6 | -1,390.12% | 🇺🇸 USA |
 Cormedix CRMD | -5.87 | -18.19% | 🇺🇸 USA |
 Nevro
NVRO | -3.68 | -48.75% | 🇺🇸 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.