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 |
|---|---|---|
| 2021 | 6.16 | -84.1% |
| 2020 | 38.7 | 319.51% |
| 2019 | 9.23 | 13.31% |
| 2018 | 8.15 | -39.11% |
| 2017 | 13.4 | -61.33% |
| 2016 | 34.6 | -377.7% |
| 2015 | -12.5 | -239.86% |
| 2014 | 8.91 | -21.89% |
| 2013 | 11.4 | -22% |
| 2012 | 14.6 | |
| 2010 | 20.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BP BP | -71.7 | -2,573.46% | 🇬🇧 UK |
 Marathon Oil
MRO | 4.37 | 50.89% | 🇺🇸 USA |
 Occidental Petroleum OXY | 4.60 | 58.75% | 🇺🇸 USA |
 Exxon Mobil XOM | 9.13 | 214.97% | 🇺🇸 USA |
 Chevron CVX | 8.66 | 199.06% | 🇺🇸 USA |
 Hess HES | 17.8 | 515.17% | 🇺🇸 USA |
 YPF
(Yacimientos Petrolíferos Fiscales)
YPF | 2.06 | -28.93% | 🇦🇷 Argentina |
 Petrobras PBR | 1.80 | -37.70% | 🇧🇷 Brazil |
 ENI E | 3.34 | 15.23% | 🇮🇹 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.