P/E ratio for Earthstone Energy (ESTE)
P/E ratio as of April 2024 (TTM): 7.23
According to Earthstone Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.22526. At the end of 2022 the company had a P/E ratio of 3.12.
P/E ratio history for Earthstone Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.12 | -82.03% |
| 2021 | 17.4 | -243.35% |
| 2020 | -12.1 | -103.83% |
| 2019 | 317 | 10263.27% |
| 2018 | 3.05 | -116.09% |
| 2017 | -19.0 | 315.84% |
| 2016 | -4.56 | 189.11% |
| 2015 | -1.58 | |
| 2013 | 9.07 | -36.19% |
| 2012 | 14.2 | 61.07% |
| 2011 | 8.82 | -53.32% |
| 2010 | 18.9 | -10.33% |
| 2009 | 21.1 | 75.68% |
| 2008 | 12.0 | 13.45% |
| 2007 | 10.6 | -12.8% |
| 2006 | 12.1 | -12.56% |
| 2005 | 13.9 | 72.4% |
| 2004 | 8.05 | 103.13% |
| 2003 | 3.96 | -55.11% |
| 2002 | 8.82 | 54.41% |
| 2001 | 5.71 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Marathon Oil
MRO | 10.1 | 40.02% | 🇺🇸 USA |
 Northern Oil and Gas NOG | 5.49 | -23.95% | 🇺🇸 USA |
 Continental Resources
CLR | 7.46 | 3.31% | 🇺🇸 USA |
 SM Energy
SM | 5.61 | -22.32% | 🇺🇸 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.