P/E ratio for Ocean Power Technologies (OPTT)

P/E ratio history for Ocean Power Technologies from 2007 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Capstone Green Energy CGRN	-0.3190	6.18%	🇺🇸 USA
Broadwind BWEN	-15.7	5,115.14%	🇺🇸 USA
General Electric GE	21.6	-7,295.28%	🇺🇸 USA
Lockheed Martin LMT	20.6	-6,941.33%	🇺🇸 USA
Woodward WWD	52.5	-17,571.34%	🇺🇸 USA

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.