P/E ratio for Scorpio Tankers (STNG)
P/E ratio as of June 2024 (TTM): 5.31
According to Scorpio Tankers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.3062. At the end of 2022 the company had a P/E ratio of 4.68.
P/E ratio history for Scorpio Tankers from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.68 | -256.59% |
| 2021 | -2.99 | -145.36% |
| 2020 | 6.58 | -117.23% |
| 2019 | -38.2 | 1191.22% |
| 2018 | -2.96 | -26.29% |
| 2017 | -4.01 | -85.83% |
| 2016 | -28.3 | -573.05% |
| 2015 | 5.99 | -81.41% |
| 2014 | 32.2 | -60.8% |
| 2013 | 82.1 | -850.83% |
| 2012 | -10.9 | 479.36% |
| 2011 | -1.89 | -99.44% |
| 2010 | -337 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Tsakos Energy Navigation TNP | 2.57 | -51.58% | 🇬🇷 Greece |
 Teekay Tankers TNK | 4.69 | -11.56% | 🇨🇦 Canada |
 Teekay TK | 6.07 | 14.46% | 🇨🇦 Canada |
 Ardmore Shipping
ASC | 5.10 | -3.89% | 🇧🇲 Bermuda |
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.