Diamondback Energy
FANG
#562
Rank
$35.36 B
Marketcap
$198.17
Share price
0.83%
Change (1 day)
51.61%
Change (1 year)

P/E ratio for Diamondback Energy (FANG)

P/E ratio as of March 2024 (TTM): 10.3

According to Diamondback Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2839. At the end of 2022 the company had a P/E ratio of 5.56.

P/E ratio history for Diamondback Energy from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20225.56-37.41%
20218.88-624.89%
2020-1.69-102.57%
201965.9465.51%
201811.6-54.06%
201725.4-158.7%
2016-43.2451.95%
2015-7.82-146.73%
201416.7-59.47%
201341.3-257.13%
2012-26.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.2-1.26%๐Ÿ‡บ๐Ÿ‡ธ USA
12.1 17.68%๐Ÿ‡บ๐Ÿ‡ธ USA
6.79-33.98%๐Ÿ‡บ๐Ÿ‡ธ USA
15.0 46.31%๐Ÿ‡จ๐Ÿ‡ฆ 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.