Converge Technology Solutions Corp.
CTS
Rank in Stocks
#10169
Converge Technology Solutions Corp. provides a comprehensive array of... Converge Technology Solutions Corp. provides a comprehensive array of information technology products and services. The company's offerings include the distribution of various hardware components such like storage systems, computer products, and peripherals, along with a wide selection of software. Beyond product sales, Converge delivers crucial IT services such as system installation and continuous maintenance. It specializes in advanced areas, including data analytics, hybrid cloud strategies, infrastructure management, and robust cybersecurity solutions. The firm also develops solutions aimed at optimizing cloud delivery, enhancing computational efficiency, refining network performance, and managing IT spending effectively. Furthermore, its service portfolio extends to professional IT services, encompassing data center infrastructure integration and cloud optimization. It also offers business continuity planning, extensive managed services, cognitive computing applications, specialized cybersecurity solutions, IT portfolio management, and expert consulting. The company facilitates complex multi-site IT deployments and crafts bespoke solutions for independent software vendors (ISVs) and original equipment manufacturers (OEMs). A dedicated segment of the business focuses on supplying hardware specifically to educational institutions and public sector entities. Converge caters to a diverse clientele, including both corporate enterprises and governmental bodies. With operations spanning the United States and Canada, Converge Technology Solutions Corp. was established in 2016 and maintains its headquarters in Toronto, Canada.
Share Price
$4.40
Last synced: 2025-04-23
Market Cap
$829.17M
Change (1 day)
1.63%
Change (1 year)
1.85%
Country
CA
Trade Converge Technology Solutions Corp. (CTS)
Category
Technology
P/E ratio for Converge Technology Solutions Corp. (CTS)
P/E ratio as of October 2026 TTM: -6.82
According to Converge Technology Solutions Corp. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -6.82. At the end of 2023 the company had a P/E ratio of -590.89.
P/E ratio history for Converge Technology Solutions Corp. from 2016 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | -6.82 | 87.27% |
| 2024 | -3.64 | -99.38% |
| 2023 | -590.89 | -1,748.15% |
| 2022 | 35.85 | -70.95% |
| 2021 | 123.41 | -200.70% |
| 2020 | -122.55 | 1,125.82% |
| 2019 | -10.00 | 415.24% |
| 2018 | -1.94 | 496.50% |
| 2017 | -0.33 | 0.00% |
| 2016 | 0.00 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 19.90 | -391.97% |
US
|
|
| 15.74 | -330.86% |
IE
|
|
| - | - |
IN
|
|
| - | - |
IN
|
|
| - | - |
JP
|
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.