DroneShield
DRO.AX
#6669
Rank
C$0.77 B
Marketcap
$0.89
Share price
0.51%
Change (1 day)
36.20%
Change (1 year)

P/E ratio for DroneShield (DRO.AX)

P/E ratio at the end of 2022: -92.3

According to DroneShield's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -415.767. At the end of 2022 the company had a P/E ratio of -92.3.

P/E ratio history for DroneShield from 2016 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2022-92.3687.18%
2021-11.756.3%
2020-7.503.81%
2019-7.2379.27%
2018-4.035.48%
2017-3.829.64%
2016-3.49

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.