P/E ratio for Dril-Quip (DRQ)
P/E ratio as of October 2023 (TTM): 47.3
According to Dril-Quip's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.3443. At the end of 2021 the company had a P/E ratio of -5.42.
P/E ratio history for Dril-Quip from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -5.42 | |
| 2019 | 938 | -8379.15% |
| 2018 | -11.3 | -37% |
| 2017 | -18.0 | -174.08% |
| 2016 | 24.3 | 104.32% |
| 2015 | 11.9 | |
| 2013 | 26.3 | 6.26% |
| 2012 | 24.8 | -10.85% |
| 2011 | 27.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NOV NOV | 20.0 | -57.70% | 🇺🇸 USA |
 Schlumberger SLB | 22.0 | -53.53% | 🇺🇸 USA |
 TechnipFMC
FTI | -77.8 | -264.36% | 🇬🇧 UK |
 Forum Energy Technologies
FET | -71.4 | -250.81% | 🇺🇸 USA |
 Newpark Resources
NR | -88.9 | -287.72% | 🇺🇸 USA |
 Oil States International
OIS | 72.1 | 52.25% | 🇺🇸 USA |
 Flotek Industries FTK | -15.2 | -132.10% | 🇺🇸 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.