Ballard Power Systems Inc. (BLDP) P/E Ratio History
Historical price-to-earnings valuation from 1997 to 2010
Loading P/E history...
BLDP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Ballard Power Systems Inc. (BLDP) trades at a price-to-earnings ratio of -14.4x, with a stock price of $4.33 and trailing twelve-month earnings per share of $-0.31.
The current P/E is 102% below its 5-year average of 820.7x. Over the past five years, BLDP's P/E has ranged from a low of 3.9x to a high of 3629.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.7x, BLDP trades at a 156% discount to its sector peers. The sector includes 416 companies with P/E ratios ranging from 0.0x to 183.1x.
Relative to the broader market, BLDP trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BLDP DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BLDP P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $232B | 34.3Lowest | 1.35Best | +7%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
BLDP Historical P/E Data (1997–2010)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2010 Q1 | Wed Mar 31 2010 00:00:00 GM | $2.67 | $0.06 | 43.2x | -95% |
| FY2008 Q4 | Wed Dec 31 2008 00:00:00 GM | $1.13 | $0.29 | 3.9x | -100% |
| FY2008 Q3 | $3.56 | $0.34 | 10.5x | -99% | |
| FY2008 Q2 | Mon Jun 30 2008 00:00:00 GM | $4.17 | $0.39 | 10.7x | -99% |
| FY2008 Q1 | Mon Mar 31 2008 00:00:00 GM | $4.10 | $0.45 | 9.1x | -99% |
| FY1999 Q1 | Wed Mar 31 1999 00:00:00 GM | $30.88 | $0.02 | 1616.5x | +97% |
| FY1998 Q4 | $27.50 | $0.01 | 3022.0x | +268% | |
| FY1998 Q3 | Wed Sep 30 1998 00:00:00 GM | $22.50 | $0.01 | 3629.0x | +342% |
| FY1998 Q2 | $32.56 | $0.28 | 117.9x | -86% | |
| FY1998 Q1 | $37.83 | $0.05 | 818.9x | -0% | |
| FY1997 Q4 | Wed Dec 31 1997 00:00:00 GM | $25.38 | $0.06 | 451.5x | -45% |
| FY1997 Q3 | $13.31 | $0.12 | 115.8x | -86% |
Average P/E for displayed period: 820.7x
See BLDP's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs BLDP Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare BLDP vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonBLDP — Frequently Asked Questions
Quick answers to the most common questions about buying BLDP stock.
Is BLDP stock overvalued or undervalued?
BLDP trades at -14.4x P/E, below its 5-year average of 820.7x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does BLDP's valuation compare to peers?
Ballard Power Systems Inc. P/E of -14.4x compares to sector median of 25.7x. The discount suggests lower growth expectations or higher risk.
What is BLDP's PEG ratio?
BLDP PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1997-2010.