P/E ratio for California Resources Corporation (CRC)
P/E ratio as of June 2024 (TTM): 7.33
According to California Resources Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.33126. At the end of 2022 the company had a P/E ratio of 6.09.
P/E ratio history for California Resources Corporation from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.09 | 9.86% |
| 2021 | 5.55 | 56.4% |
| 2020 | 3.55 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 TransGlobe Energy TGA | N/A | N/A | 🇨🇦 Canada |
 Matador Resources MTDR | 8.74 | 19.27% | 🇺🇸 USA |
 W&T Offshore WTI | 2.57 | -64.95% | 🇺🇸 USA |
 Bonanza Creek Energy
BCEI | N/A | N/A | 🇺🇸 USA |
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.