P/E ratio as of September 2024 (TTM): -12.1
According to Roku's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -12.1353.At the end of 2022 the company had a P/E ratio of -11.3.
P/E ratio history for Roku from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -11.3 | -109.14% |
| 2021 | 124 | -106.35% |
| 2020 | < -1000 | 658.47% |
| 2019 | -257 | -24.36% |
| 2018 | -340 | 5807.65% |
| 2017 | -5.76 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
Shaw Communications SJR | 25.4 | -309.66% | π¨π¦ Canada |
Roku ROKU | -12.1 | 0.00% | πΊπΈ 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.
