Ecopetrol
EC
#696
Rank
$26.05 B
Marketcap
๐Ÿ‡จ๐Ÿ‡ด Colombia
Country
$12.53
Share price
-0.32%
Change (1 day)
36.49%
Change (1 year)

P/E ratio for Ecopetrol (EC)

P/E ratio as of December 2023 (TTM): 4.55

According to Ecopetrol's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.54822. 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
20223.78-38.54%
20216.16-89.41%
202058.1529.71%
20199.2313.31%
20188.15-39.11%
201713.4-61.31%
201634.6-377.43%
2015-12.5-237.29%
20149.08-20.41%
201311.4-22.37%
201214.734.37%
201110.9-46.34%
201020.4-1.48%
200920.7225.6%
20086.35

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.09-10.08%๐Ÿ‡ฌ๐Ÿ‡ง UK
8.97 97.14%๐Ÿ‡บ๐Ÿ‡ธ USA
8.95 96.78%๐Ÿ‡บ๐Ÿ‡ธ USA
9.97 119.30%๐Ÿ‡บ๐Ÿ‡ธ USA
10.6 132.32%๐Ÿ‡บ๐Ÿ‡ธ USA
26.6 485.84%๐Ÿ‡บ๐Ÿ‡ธ USA
4.11-9.70%๐Ÿ‡ฆ๐Ÿ‡ท Argentina
0.7137-84.31%๐Ÿ‡ง๐Ÿ‡ท Brazil
5.99 31.61%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.