Develop Global Limited
DVP.AX
#6507
Rank
NZ$0.95 B
Marketcap
$3.50
Share price
5.54%
Change (1 day)
28.17%
Change (1 year)

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

P/E ratio at the end of 2023: -30.6

According to Develop Global Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -29.3715. At the end of 2023 the company had a P/E ratio of -30.6.

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
2023-30.66.08%
2022-28.8979.45%
2021-2.67-23.92%
2020-3.51-77.94%
2019-15.97.33%
2018-14.8255.92%
2017-4.1745.8%
2016-2.862185.43%
2015-0.1251-94.18%
2014-2.15195.35%
2013-0.7273-122.32%
20123.26-164.46%
2011-5.06-15.97%
2010-6.0290.25%
2009-3.16206.6%
2008-1.03

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.