Canaan Inc.

Canaan Inc.verified

CAN

Price:

$2.06

Market Cap:

$563.91M

Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.[Read more]

Industry

Computer Hardware

IPO Date

2019-11-20

Stock Exchange

NASDAQ

Ticker

CAN

The PE Ratio as of December 2024 (TTM) for Canaan Inc. (CAN) is -1.50

According to Canaan Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -1.50. This represents a change of -92.43% compared to the average of -19.82 of the last 4 quarters.

Canaan Inc. (CAN) Historical PE Ratio (quarterly & annually)

How has CAN PE Ratio performed in the past?

The mean historical PE Ratio of Canaan Inc. over the last ten years is 128.63. The current -1.50 PE Ratio has changed -216.61% with respect to the historical average. Over the past ten years (40 quarters), CAN's PE Ratio was at its highest in in the March 2021 quarter at 67.85K. The PE Ratio was at its lowest in in the December 2018 quarter at -1095.29.

Quarterly (TTM)
Annual

Average

128.63

Median

43.01

Minimum

-422.14

Maximum

999.65

Canaan Inc. (CAN) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Canaan Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 377.64%

Maximum Annual PE Ratio = 999.65

Minimum Annual Increase = -119.06%

Minimum Annual PE Ratio = -422.14

Quarterly (TTM)
Annual
YearPE RatioChange
2023-14.38-119.06%
202275.4675.46%
202143.01-110.19%
2020-422.14377.64%
2019-88.38-108.84%
2018999.65225.39%

Canaan Inc. (CAN) Average PE Ratio

How has CAN PE Ratio performed in the past?

The current PE Ratio of Canaan Inc. (CAN) is less than than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

34.69

5-year avg

-81.29

10-year avg

128.63

Canaan Inc. (CAN) PE Ratio vs. Peers

How is CAN’s PE Ratio compared to its peers?

Canaan Inc.’s PE Ratio is less than 3D Systems Corporation (-0.85), less than NetApp, Inc. (20.93), greater than Rigetti Computing, Inc. (-34.07), less than Logitech International S.A. (18.02), greater than Stratasys Ltd. (-7.07), less than Desktop Metal, Inc. (-0.22), less than HP Inc. (11.48), greater than Nano Dimension Ltd. (-4.70), greater than IonQ, Inc. (-51.62), greater than D-Wave Quantum Inc. (-22.26), less than Velo3D, Inc. (-0.10), less than Dell Technologies Inc. (20.55), less than Super Micro Computer, Inc. (15.74), less than Pure Storage, Inc. (161.13),

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