Develop Global Limited
DVP.AX
#7163
Rank
โ‚ฌ0.32 B
Marketcap
1,21ย โ‚ฌ
Share price
4.74%
Change (1 day)
-10.88%
Change (1 year)

P/E ratio for Develop Global Limited (DVP.AX)

P/E ratio at the end of 2023: -28.7

According to Develop Global Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -18.9575. At the end of 2023 the company had a P/E ratio of -28.7.

P/E ratio history for Develop Global Limited from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2023-28.76.08%
2022-27.0979.45%
2021-2.50-23.92%
2020-3.29-77.94%
2019-14.97.33%
2018-13.9255.92%
2017-3.9045.8%
2016-2.682185.43%
2015-0.1172-94.18%
2014-2.01195.35%
2013-0.6813-122.32%
20123.05-164.46%
2011-4.74-15.97%
2010-5.6490.25%
2009-2.96206.6%
2008-0.9664

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.