P/E ratio for Earthstone Energy (ESTE)
P/E ratio as of March 2023 (TTM): 3.00
According to Earthstone Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.00244. At the end of 2021 the company had a P/E ratio of 17.4.
P/E ratio history for Earthstone Energy from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 17.4 | -243.35% |
| 2020 | -12.1 | -103.83% |
| 2019 | 317 | 10263.27% |
| 2018 | 3.05 | -116.09% |
| 2017 | -19.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Marathon Oil
MRO | 4.24 | 41.25% | 🇺🇸 USA |
 Northern Oil and Gas NOG | 2.81 | -6.56% | 🇺🇸 USA |
 Continental Resources
CLR | 7.46 | 148.61% | 🇺🇸 USA |
 SM Energy
SM | 2.52 | -16.16% | 🇺🇸 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.