According to Cardinal Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.51416. At the end of 2022 the company had a P/E ratio of 3.87.
Year | P/E ratio | Change |
---|---|---|
2022 | 3.87 | 68.49% |
2021 | 2.30 | -995.88% |
2020 | -0.2563 | -97.07% |
2019 | -8.76 | -309.08% |
2018 | 4.19 | -146.08% |
2017 | -9.09 | 9% |
2016 | -8.34 | 53.08% |
2015 | -5.45 | -147.58% |
2014 | 11.4 | -0.56% |
2013 | 11.5 |
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.