P/E ratio for Diamondback Energy (FANG)
P/E ratio as of September 2023 (TTM): 7.85
According to Diamondback Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.8547. At the end of 2021 the company had a P/E ratio of 8.83.
P/E ratio history for Diamondback Energy from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.83 | -622.31% |
| 2020 | -1.69 | -102.57% |
| 2019 | 65.9 | 465.51% |
| 2018 | 11.6 | -54.06% |
| 2017 | 25.4 | -158.7% |
| 2016 | -43.2 | 451.95% |
| 2015 | -7.82 | -146.73% |
| 2014 | 16.7 | -59.47% |
| 2013 | 41.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Occidental Petroleum OXY | 9.78 | 24.45% | 🇺🇸 USA |
 Pioneer Natural Resources PXD | 9.13 | 16.24% | 🇺🇸 USA |
 Whiting Petroleum WLL | 6.79 | -13.56% | 🇺🇸 USA |
 Canadian Natural Resources CNQ | 12.2 | 54.74% | 🇨🇦 Canada |
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.