Cereno Scientific
CRNO-B.ST
#8506
Rank
HK$0.99 B
Marketcap
HK$3.55
Share price
1.83%
Change (1 day)
16.47%
Change (1 year)

P/E ratio for Cereno Scientific (CRNO-B.ST)

P/E ratio as of November 2024 (TTM): -19.6

According to Cereno Scientific's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -19.5544. At the end of 2023 the company had a P/E ratio of -21.8.

P/E ratio history for Cereno Scientific from 2016 to 2024

PE ratio at the end of each year

Year P/E ratio Change
2023-21.8107.98%
2022-10.5-68.16%
2021-32.9260.54%
2020-9.12-93.1%
2019-1324765.96%
2018-2.72-84.58%
2017-17.657.57%
2016-11.2

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.