PrimeEnergy Resources
PNRG
#7341
Rank
C$0.49 B
Marketcap
$288.98
Share price
15.30%
Change (1 day)
98.94%
Change (1 year)

P/E ratio for PrimeEnergy Resources (PNRG)

P/E ratio as of December 2024 (TTM): 10.1

According to PrimeEnergy Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.136. At the end of 2022 the company had a P/E ratio of 3.48.

P/E ratio history for PrimeEnergy Resources from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20223.48-94.73%
202166.1-277.7%
2020-37.2-142.32%
201987.9771.26%
201810.1266.7%
20172.75-92.35%
201636.0-475.62%
2015-9.58-251.13%
20146.34-36.58%
201310.0149.57%
20124.01-68.78%
201112.8-39.64%
201021.3-555.19%
2009-4.67-101.53%
20083061225.57%
200723.196.94%
200611.775.36%
20056.68-34.75%
200410.28.54%
20039.43-44.62%
200217.0195.09%
20015.77

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
2.04-79.87%๐Ÿ‡บ๐Ÿ‡ธ USA
7.52-25.82%๐Ÿ‡บ๐Ÿ‡ธ USA
12.4 22.64%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.