P/E ratio for Eneti (NETI)
P/E ratio as of April 2024 (TTM): -19.9
According to Eneti's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -19.8772. At the end of 2022 the company had a P/E ratio of 3.67.
P/E ratio history for Eneti from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.67 | 94.29% |
| 2021 | 1.89 | -856.79% |
| 2020 | -0.2494 | -102.57% |
| 2019 | 9.70 | -135.84% |
| 2018 | -27.0 | 226.45% |
| 2017 | -8.29 | 434.94% |
| 2016 | -1.55 | 300.74% |
| 2015 | -0.3865 | -82.9% |
| 2014 | -2.26 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Performance Shipping
PSHG | 0.2377 | -101.20% | 🇬🇷 Greece |
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.