Reason: Merged with Innovex
Last recorded trade on: November 8, 2024
Source: https://finance.yahoo.com/news/innovex-dril-quip-complete-merger-200500594.html
P/E ratio for Dril-Quip (DRQ)
P/E ratio on November 8, 2024 (TTM): -308
According to Dril-Quip's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -308.2. At the end of 2022 the company had a P/E ratio of -679.
P/E ratio history for Dril-Quip from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -679 | 12428.85% |
| 2021 | -5.42 | -84.26% |
| 2020 | -34.4 | -103.67% |
| 2019 | 938 | -8379.15% |
| 2018 | -11.3 | -37% |
| 2017 | -18.0 | -174.08% |
| 2016 | 24.3 | 104.32% |
| 2015 | 11.9 | -19% |
| 2014 | 14.7 | -44.22% |
| 2013 | 26.3 | 6.26% |
| 2012 | 24.8 | -10.85% |
| 2011 | 27.8 | -8.19% |
| 2010 | 30.2 | 42.96% |
| 2009 | 21.2 | 174.35% |
| 2008 | 7.71 | -62.87% |
| 2007 | 20.8 | 16.94% |
| 2006 | 17.8 | -30.77% |
| 2005 | 25.7 | -23.87% |
| 2004 | 33.7 | 7.49% |
| 2003 | 31.3 | -7.26% |
| 2002 | 33.8 | -0.42% |
| 2001 | 33.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 21.4 | -106.94% | 🇺🇸 USA |
 | -357 | 15.94% | 🇬🇧 UK |
 | 9.67 | -103.14% | 🇺🇸 USA |
 | 11.9 | -103.85% | 🇺🇸 USA |
 | -42.0 | -86.37% | 🇺🇸 USA |
 | -14.8 | -95.19% | 🇺🇸 USA |
 | 26.9 | -108.71% | 🇺🇸 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.