Organovo
ONVO
#8545
Rank
$8.49 M
Marketcap
$0.59
Share price
-3.90%
Change (1 day)
-66.61%
Change (1 year)

P/E ratio for Organovo (ONVO)

P/E ratio as of July 2024 (TTM): -0.2951

According to Organovo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.295146. At the end of 2022 the company had a P/E ratio of -1.05.

P/E ratio history for Organovo from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-1.05-59.71%
2021-2.61-46.28%
2020-4.86156.59%
2019-1.89-50.66%
2018-3.843.16%
2017-3.72-59.31%
2016-9.1557.96%
2015-5.79-71.25%
2014-20.1-3.58%
2013-20.9920.24%
2012-2.05

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
105-35,544.15%๐Ÿ‡บ๐Ÿ‡ธ USA
17.1-5,883.00%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.91 1,223.16%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.81 2,547.53%๐Ÿ‡บ๐Ÿ‡ธ USA
-14.0 4,632.98%๐Ÿ‡ฎ๐Ÿ‡ฑ Israel
18.6-6,401.97%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.