Ecopetrol
EC
#792
Rank
$21.36 B
Marketcap
๐Ÿ‡จ๐Ÿ‡ด Colombia
Country
$10.39
Share price
4.00%
Change (1 day)
-43.93%
Change (1 year)

P/E ratio for Ecopetrol (EC)

P/E ratio as of March 2023 (TTM): 2.90

According to Ecopetrol's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.89727. At the end of 2021 the company had a P/E ratio of 6.16.

P/E ratio history for Ecopetrol from 2009 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20216.16-84.1%
202038.7319.51%
20199.2313.31%
20188.15-39.11%
201713.4-61.33%
201634.6-377.7%
2015-12.5-239.86%
20148.91-21.89%
201311.4-22%
201214.6
201020.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-71.7-2,573.46%๐Ÿ‡ฌ๐Ÿ‡ง UK
4.37 50.89%๐Ÿ‡บ๐Ÿ‡ธ USA
4.60 58.75%๐Ÿ‡บ๐Ÿ‡ธ USA
9.13 214.97%๐Ÿ‡บ๐Ÿ‡ธ USA
8.66 199.06%๐Ÿ‡บ๐Ÿ‡ธ USA
17.8 515.17%๐Ÿ‡บ๐Ÿ‡ธ USA
2.06-28.93%๐Ÿ‡ฆ๐Ÿ‡ท Argentina
1.80-37.70%๐Ÿ‡ง๐Ÿ‡ท Brazil
3.34 15.23%๐Ÿ‡ฎ๐Ÿ‡น 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.