P/E ratio for Valaris (VAL)
P/E ratio as of June 2024 (TTM): 46.9
According to Valaris's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.9255. At the end of 2022 the company had a P/E ratio of 28.7.
P/E ratio history for Valaris from 2021 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 28.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Masco MAS | 18.5 | -60.62% | 🇺🇸 USA |
 PPG Industries
PPG | 21.5 | -54.22% | 🇺🇸 USA |
 Sherwin-Williams SHW | 32.0 | -31.81% | 🇺🇸 USA |
 Dupont De Nemours DD | 8.44 | -82.01% | 🇺🇸 USA |
 RPM International
RPM | 27.6 | -41.12% | 🇺🇸 USA |
 Quaker Houghton KWR | 381 | 711.29% | 🇺🇸 USA |
 H.B. Fuller
FUL | 28.8 | -38.59% | 🇺🇸 USA |
 Ferro FOE | 12.2 | -73.94% | 🇺🇸 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.