Develop Global Limited
DVP.AX
#7092
Rank
ยฃ0.30 B
Marketcap
ยฃ1.11
Share price
-9.89%
Change (1 day)
-6.45%
Change (1 year)

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

P/E ratio at the end of 2023: -28.9

According to Develop Global Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -20.3647. At the end of 2023 the company had a P/E ratio of -28.9.

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
2023-28.96.08%
2022-27.2979.45%
2021-2.52-23.92%
2020-3.32-77.94%
2019-15.07.33%
2018-14.0255.92%
2017-3.9345.8%
2016-2.702185.43%
2015-0.1180-94.18%
2014-2.03195.35%
2013-0.6864-122.32%
20123.08-164.46%
2011-4.77-15.97%
2010-5.6890.25%
2009-2.99206.6%
2008-0.9737

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.