P/E ratio for Baytex Energy (BTE)
P/E ratio as of April 2024 (TTM): 3.09
According to Baytex Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.09426. At the end of 2013 the company had a P/E ratio of 30.6.
P/E ratio history for Baytex Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2013 | 30.6 | 52.21% |
| 2012 | 20.1 |
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 | 6.12 | 97.89% | 🇺🇸 USA |
 Laredo Petroleum LPI | 1.10 | -64.48% | 🇺🇸 USA |
 Enerplus
ERF | 5.30 | 71.35% | 🇨🇦 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.