Snowflake
SNOW
#427
Rank
$45.44 B
Marketcap
$135.75
Share price
-1.76%
Change (1 day)
-24.91%
Change (1 year)
Snowflake Inc. is an American cloud-based data-warehousing startup that was founded in 2012. The company offers a cloud-based data storage and analytics service, it also allows corporate users to store and analyze data using cloud-based hardware and software.

P/E ratio for Snowflake (SNOW)

P/E ratio as of July 2024 (TTM): -51.0

According to Snowflake's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -51.0338. At the end of 2022 the company had a P/E ratio of -62.7.

P/E ratio history for Snowflake from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-62.7-52.82%
2021-133-4.14%
2020-139

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.7-148.47%๐Ÿ‡บ๐Ÿ‡ธ USA
52.1-202.12%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5-122.62%๐Ÿ‡บ๐Ÿ‡ธ USA
11.0-121.62%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.