P/E ratio for Baytex Energy (BTE.TO)
P/E ratio as of March 2023 (TTM): 5.26
According to Baytex Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.25765. At the end of 2013 the company had a P/E ratio of 31.3.
P/E ratio history for Baytex Energy from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2013 | 31.3 | 57.75% |
| 2012 | 19.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Cabot Oil & Gas
COG | N/A | N/A | 🇺🇸 USA |
 Range Resources
RRC | 5.19 | -1.37% | 🇺🇸 USA |
 Laredo Petroleum LPI | 1.10 | -79.10% | 🇺🇸 USA |
 Enerplus
ERF | 5.27 | 0.29% | 🇨🇦 Canada |
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.