New Fortress Energy
NFE
#3938
Rank
A$3.75 B
Marketcap
$14.92
Share price
2.52%
Change (1 day)
-73.58%
Change (1 year)

P/E ratio for New Fortress Energy (NFE)

P/E ratio as of November 2024 (TTM): 5.05

According to New Fortress Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.04712. At the end of 2022 the company had a P/E ratio of 45.1.

P/E ratio history for New Fortress Energy from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202245.1-17.75%
202154.9-399.86%
2020-18.3114.84%
2019-8.52

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.3 143.70%๐Ÿ‡บ๐Ÿ‡ธ USA
23.3 361.15%๐Ÿ‡บ๐Ÿ‡ธ USA
17.3 243.33%๐Ÿ‡บ๐Ÿ‡ธ USA
15.4 205.25%๐Ÿ‡บ๐Ÿ‡ธ 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.