Array Technologies
ARRY
#5546
Rank
$1.03 B
Marketcap
$6.79
Share price
2.72%
Change (1 day)
-55.33%
Change (1 year)

P/E ratio for Array Technologies (ARRY)

P/E ratio as of February 2025 (TTM): 12.8

According to Array Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.8. At the end of 2022 the company had a P/E ratio of -69.0.

P/E ratio history for Array Technologies from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-69.0120%
2021-31.4-133.61%
202093.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
20.7 61.39%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.9953-107.78%๐Ÿ‡บ๐Ÿ‡ธ USA
28.3 121.30%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
156 1,121.98%๐Ÿ‡บ๐Ÿ‡ธ USA
37.2 190.32%๐Ÿ‡ฌ๐Ÿ‡ง UK

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.