TXO Energy Partners
TXO
#6064
Rank
C$0.98 B
Marketcap
$25.74
Share price
-0.91%
Change (1 day)
-3.49%
Change (1 year)

P/E ratio for TXO Energy Partners (TXO)

P/E ratio as of November 2024 (TTM): 4.65

According to TXO Energy Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.64895.

P/E ratio history for TXO Energy Partners from 2023 to 2023

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.