P/E ratio for Nikola (NKLA)
P/E ratio as of May 2024 (TTM): -0.3532
According to Nikola's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.353228. At the end of 2022 the company had a P/E ratio of -1.21.
P/E ratio history for Nikola from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.21 | -78.73% |
| 2021 | -5.71 | -58.43% |
| 2020 | -13.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nikola NKLA | -0.3532 | 0.00% | 🇺🇸 USA |
 NIO NIO | -2.82 | 697.37% | 🇨🇳 China |
 The Shyft Group SHYF | 15.1 | -4,384.51% | 🇺🇸 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.