Connexa Sports Technologies
YYAI
#9132
Rank
โ‚ฌ41.52 M
Marketcap
5,92ย โ‚ฌ
Share price
-8.12%
Change (1 day)
-92.04%
Change (1 year)

P/E ratio for Connexa Sports Technologies (YYAI)

P/E ratio as of October 2024 (TTM): -0.0369

According to Connexa Sports Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0368746. At the end of 2023 the company had a P/E ratio of -0.4686.

P/E ratio history for Connexa Sports Technologies from 2021 to 2024

PE ratio at the end of each year

Year P/E ratio Change
2023-0.4686-76.64%
2022-2.01-86.23%
2021-14.6

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.