Battalion Oil
BATL
#7449
Rank
$93.14 M
Marketcap
$5.66
Share price
-0.88%
Change (1 day)
-16.64%
Change (1 year)

P/E ratio for Battalion Oil (BATL)

P/E ratio as of March 2024 (TTM): 0.8144

According to Battalion Oil's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.814389. At the end of 2022 the company had a P/E ratio of 8.67.

P/E ratio history for Battalion Oil from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.67-255.7%
2021-5.57850.62%
2020-0.5857-68.64%
2019-1.87

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.