P/E ratio for Cemtrex (CETX)
P/E ratio as of June 2024 (TTM): -0.0273
According to Cemtrex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0272863. At the end of 2022 the company had a P/E ratio of -0.2170.
P/E ratio history for Cemtrex from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.2170 | -86.13% |
| 2021 | -1.56 | 15.01% |
| 2020 | -1.36 | 918.42% |
| 2019 | -0.1336 | -72.5% |
| 2018 | -0.4859 | -105.3% |
| 2017 | 9.17 | -22.47% |
| 2016 | 11.8 | 118.4% |
| 2015 | 5.41 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Keysight KEYS | 21.8 | -80,148.60% | 🇺🇸 USA |
 Faro Technologies
FARO | -5.73 | 20,901.05% | 🇺🇸 USA |
 Badger Meter
BMI | 65.8 | -241,264.25% | 🇺🇸 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.