T2 Biosystems
TTOO
#7833
Rank
$84.56 M
Marketcap
$4.96
Share price
-4.16%
Change (1 day)
5,405.56%
Change (1 year)

P/E ratio for T2 Biosystems (TTOO)

P/E ratio as of July 2024 (TTM): -0.0180

According to T2 Biosystems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0180202. At the end of 2022 the company had a P/E ratio of -0.0012.

P/E ratio history for T2 Biosystems from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-0.0012-99.85%
2021-0.8481-42.07%
2020-1.46186.57%
2019-0.5109-62.49%
2018-1.3611.41%
2017-1.22-1.45%
2016-1.24-50.11%
2015-2.49-40.51%
2014-4.18

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-4.35 24,030.20%๐Ÿ‡บ๐Ÿ‡ธ USA
-11.6 64,428.70%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.