Ballard Power Systems Inc. (BLDP) P/E Ratio History
Deep ValueTrading at -7.3x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1997–2010
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P/E Ratio Analysis
As of September 24, 2026, Ballard Power Systems Inc. (BLDP) trades at a price-to-earnings ratio of -7.3x, with a stock price of $2.19 and trailing twelve-month earnings per share of $-0.25.
The current P/E is 101% 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 26.2x, BLDP trades at a 128% discount to its sector peers. The sector includes 397 companies with P/E ratios ranging from 0.1x to 194.2x.
Relative to the broader market, BLDP trades at a notable discount to the S&P 500 median P/E of 25.3x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
BLDP P/E vs Peers
Engines and power generation equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $217B | 32.2Lowest | 1.27Best | +7%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
BLDP Historical P/E Data (1997–2010)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2010 Q1 | Mar 31 2010 | $2.67 | $0.06 | 43.2x | -95% |
| FY2008 Q4 | Dec 31 2008 | $1.13 | $0.29 | 3.9x | -100% |
| FY2008 Q3 | - | $3.56 | $0.34 | 10.5x | -99% |
| FY2008 Q2 | Jun 30 2008 | $4.17 | $0.39 | 10.7x | -99% |
| FY2008 Q1 | Mar 31 2008 | $4.10 | $0.45 | 9.1x | -99% |
| FY1999 Q1 | Mar 31 1999 | $30.88 | $0.02 | 1616.5x | +97% |
| FY1998 Q4 | - | $27.50 | $0.01 | 3022.0x | +268% |
| FY1998 Q3 | Sep 30 1998 | $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 | Dec 31 1997 | $25.38 | $0.06 | 451.5x | -45% |
| FY1997 Q3 | - | $13.31 | $0.12 | 115.8x | -86% |
Average P/E for displayed period: 820.7x
BLDP Chart Terminal
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Live Breakouts Feed
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
29+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BLDP — Frequently Asked Questions
Quick answers to the most common questions about buying BLDP stock.
What is BLDP's P/E ratio?
Ballard Power Systems Inc. (BLDP) trailing twelve-month P/E ratio is -7.3x, based on TTM diluted EPS of $-0.25. The 5-year average P/E is 820.7x and the historical range spans 3.9x to 3629.0x.
Is BLDP stock overvalued or undervalued?
BLDP trades at -7.3x P/E, below its 5-year average of 820.7x. At the 0th percentile of its historical range (3.9x–3629.0x), the stock is priced at a discount to its own history.
Is BLDP stock expensive?
No, BLDP is not expensive on a historical basis. The current P/E of -7.3x is below the 5-year average of 820.7x and sits at the 0th percentile of its valuation range.
What is BLDP's historical P/E range?
Over the past 5 years, BLDP's P/E ratio has ranged from 3.9x to 3629.0x, with a median of 117.9x and an average of 820.7x. The current P/E of -7.3x places the stock at the 0th percentile of this range. Full historical data spans 1997–2010.
How does BLDP's P/E compare to the S&P 500?
BLDP trades at -7.3x P/E versus the S&P 500 median of 25.3x. The 129% discount to the market suggests lower growth expectations or perceived higher risk.
How does BLDP's valuation compare to Industrials peers?
Ballard Power Systems Inc. P/E of -7.3x compares to the Industrials sector median of 26.2x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is BLDP's PEG ratio?
BLDP PEG ratio is N/A, based on a P/E of -7.3x and EPS growth of 72.2%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is BLDP's earnings yield?
BLDP earnings yield is N/A, the inverse of its -7.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.