Earthstone Energy
ESTE
#3447
Rank
$2.97 B
Marketcap
$21.17
Share price
0.47%
Change (1 day)
51.32%
Change (1 year)

P/E ratio for Earthstone Energy (ESTE)

P/E ratio as of February 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
20223.12-82.03%
202117.4-243.35%
2020-12.1-103.83%
201931710263.27%
20183.05-116.09%
2017-19.0315.84%
2016-4.56189.11%
2015-1.58
20139.07-36.19%
201214.261.07%
20118.82-53.32%
201018.9-10.33%
200921.175.68%
200812.013.45%
200710.6-12.8%
200612.1-12.56%
200513.972.4%
20048.05103.13%
20033.96-55.11%
20028.8254.41%
20015.71

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.81 21.96%๐Ÿ‡บ๐Ÿ‡ธ USA
4.43-38.75%๐Ÿ‡บ๐Ÿ‡ธ USA
7.46 3.31%๐Ÿ‡บ๐Ÿ‡ธ USA
4.64-35.78%๐Ÿ‡บ๐Ÿ‡ธ 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.