P/E ratio for DHT Holdings (DHT)
P/E ratio as of April 2024 (TTM): 11.3
According to DHT Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.28. At the end of 2022 the company had a P/E ratio of 23.4.
P/E ratio history for DHT Holdings from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.4 | -133.91% |
| 2021 | -68.9 | -2432.56% |
| 2020 | 2.95 | -82.16% |
| 2019 | 16.6 | -239.41% |
| 2018 | -11.9 | -133.09% |
| 2017 | 35.9 | -13.29% |
| 2016 | 41.4 | 483.39% |
| 2015 | 7.10 | -92.23% |
| 2014 | 91.4 | -794.66% |
| 2013 | -13.2 | 1518.44% |
| 2012 | -0.8127 | -33.55% |
| 2011 | -1.22 | -103.18% |
| 2010 | 38.5 | 286.92% |
| 2009 | 9.95 | 106.46% |
| 2008 | 4.82 | -64.18% |
| 2007 | 13.5 | -1.14% |
| 2006 | 13.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Golar LNG
GLNG | 25.4 | 125.48% | 🇧🇲 Bermuda |
 Teekay Tankers TNK | 3.61 | -68.04% | 🇨🇦 Canada |
 Teekay TK | 4.48 | -60.30% | 🇨🇦 Canada |
 SFL Corp
SFL | 13.6 | 20.33% | 🇧🇲 Bermuda |
 Nordic American Tankers NAT | 6.65 | -41.05% | 🇧🇲 Bermuda |
 Frontline FRO | 6.12 | -45.71% | 🇧🇲 Bermuda |
 Ardmore Shipping
ASC | 3.63 | -67.82% | 🇧🇲 Bermuda |
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.