P/E ratio for ChampionX (CHX)
P/E ratio as of May 2024 (TTM): 22.0
According to ChampionX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.9548. At the end of 2022 the company had a P/E ratio of 38.1.
P/E ratio history for ChampionX from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 38.1 | 5.7% |
| 2021 | 36.1 | -2331.4% |
| 2020 | -1.62 | -103.4% |
| 2019 | 47.6 | 114.48% |
| 2018 | 22.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Oceaneering International
OII | 30.7 | 40.06% | 🇺🇸 USA |
 Oil States International
OIS | 28.2 | 28.39% | 🇺🇸 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.