P/E ratio for Ecopetrol (EC)
P/E ratio as of April 2024 (TTM): 4.21
According to Ecopetrol's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.21171. At the end of 2022 the company had a P/E ratio of 3.78.
P/E ratio history for Ecopetrol from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.78 | -38.54% |
| 2021 | 6.16 | -89.41% |
| 2020 | 58.1 | 529.71% |
| 2019 | 9.23 | 13.31% |
| 2018 | 8.15 | -39.11% |
| 2017 | 13.4 | -61.31% |
| 2016 | 34.6 | -377.43% |
| 2015 | -12.5 | -237.29% |
| 2014 | 9.08 | -20.41% |
| 2013 | 11.4 | -22.37% |
| 2012 | 14.7 | 34.37% |
| 2011 | 10.9 | -46.34% |
| 2010 | 20.4 | -1.48% |
| 2009 | 20.7 | 225.6% |
| 2008 | 6.35 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BP BP | 4.59 | 9.01% | 🇬🇧 UK |
 Marathon Oil
MRO | 10.2 | 142.03% | 🇺🇸 USA |
 Occidental Petroleum OXY | 10.6 | 151.83% | 🇺🇸 USA |
 Exxon Mobil XOM | 12.0 | 186.08% | 🇺🇸 USA |
 Chevron CVX | 12.2 | 190.26% | 🇺🇸 USA |
 Hess HES | 31.1 | 638.06% | 🇺🇸 USA |
 YPF
(Yacimientos Petrolíferos Fiscales)
YPF | 4.86 | 15.50% | 🇦🇷 Argentina |
 Petrobras PBR | 0.8306 | -80.28% | 🇧🇷 Brazil |
 ENI E | 6.08 | 44.37% | 🇮🇹 Italy |
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.