Reason: Merged with Southwestern Energy
Last recorded trade on: December 4, 2024
Source: https://www.globenewswire.com/news-release/2024/10/01/2956103/0/en/Chesapeake-Energy-and-Southwestern-Energy-Complete-Merger-and-Provide-Third-Quarter-Earnings-Conference-Call-Information-Company-Rebranded-as-Expand-Energy.html
P/E ratio for Chesapeake Energy (CHK)
P/E ratio on December 4, 2024 (TTM): 2.04
According to Chesapeake Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.04007. At the end of 2023 the company had a P/E ratio of 4.25.
P/E ratio history for Chesapeake Energy from 2021 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 4.25 | 66.03% |
| 2022 | 2.56 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Devon Energy
DVN | 7.72 | 278.36% | 🇺🇸 USA |
 APA Corporation APA | 7.31 | 258.11% | 🇺🇸 USA |
 EOG Resources EOG | 11.4 | 459.21% | 🇺🇸 USA |
 Marathon Oil
MRO | 10.5 | 414.26% | 🇺🇸 USA |
 Schlumberger SLB | 12.0 | 489.93% | 🇺🇸 USA |
 Freeport-McMoRan FCX | 33.6 | 1,547.63% | 🇺🇸 USA |
 Chevron CVX | 16.9 | 727.33% | 🇺🇸 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.