Canaan Inc.

Canaan Inc.verified

CAN

Price:

$1.97

Market Cap:

$539.27M

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.[Read more]

Industry

Computer Hardware

IPO Date

2019-11-20

Stock Exchange

NASDAQ

Ticker

CAN

The PE Ratio as of November 2024 (TTM) for Canaan Inc. (CAN) is -1.26

According to Canaan Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -1.26. This represents a change of -4.64% compared to the average of -1.32 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 8.58. The current -1.26 PE Ratio has changed -1569.29% 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 4.52K. The PE Ratio was at its lowest in in the December 2018 quarter at -73.02.

Quarterly (TTM)
Annual

Average

8.58

Median

2.87

Minimum

-28.14

Maximum

66.64

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 = 66.64

Minimum Annual Increase = -119.06%

Minimum Annual PE Ratio = -28.14

Quarterly (TTM)
Annual
YearPE RatioChange
2023-0.96-119.06%
20225.0375.46%
20212.87-110.19%
2020-28.14377.64%
2019-5.89-108.84%
201866.64225.39%

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

2.31

5-year avg

-5.42

10-year avg

8.58

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 (-1.18), less than NetApp, Inc. (21.79), greater than Rigetti Computing, Inc. (-5.41), less than Logitech International S.A. (17.34), greater than Stratasys Ltd. (-7.21), less than Desktop Metal, Inc. (-0.40), less than HP Inc. (13.13), greater than Nano Dimension Ltd. (-3.98), greater than IonQ, Inc. (-39.72), greater than D-Wave Quantum Inc. (-8.00), less than Velo3D, Inc. (-0.10), less than Dell Technologies Inc. (25.71), less than Super Micro Computer, Inc. (16.10), less than Pure Storage, Inc. (123.51),

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