Enerplus
ERF
#3001
Rank
$4.10 B
Marketcap
$20.09
Share price
0.66%
Change (1 day)
23.48%
Change (1 year)

P/E ratio for Enerplus (ERF)

P/E ratio as of July 2024 (TTM): 5.37

According to Enerplus 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.37166. At the end of 2022 the company had a P/E ratio of 4.51.

P/E ratio history for Enerplus from 2001 to 2021

PE ratio at the end of each year

Year P/E ratio Change
20224.51
2020-1.35-86.4%
2019-9.94
201717.030.9%
201613.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
18.7 247.23%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2 90.59%๐Ÿ‡บ๐Ÿ‡ธ USA
10.1 88.95%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.