P/E ratio for Dorian LPG (LPG)
P/E ratio as of April 2024 (TTM): 6.51
According to Dorian LPG 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.51177. At the end of 2022 the company had a P/E ratio of 5.74.
P/E ratio history for Dorian LPG from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.74 | -16.74% |
| 2021 | 6.90 | -14% |
| 2020 | 8.02 | -36.28% |
| 2019 | 12.6 | -251.11% |
| 2018 | -8.33 | -72.64% |
| 2017 | -30.4 | -211.25% |
| 2016 | 27.4 | 385.95% |
| 2015 | 5.63 | -88.77% |
| 2014 | 50.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Teekay Tankers TNK | 3.72 | -42.90% | 🇨🇦 Canada |
 Navios Maritime Partners NMM | 2.30 | -64.61% | 🇲🇨 Monaco |
 Frontline FRO | 6.35 | -2.54% | 🇧🇲 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.