P/E ratio for Golden Ocean Group (GOGL)
P/E ratio as of March 2025 (TTM): 8.08
According to Golden Ocean Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.08081. At the end of 2022 the company had a P/E ratio of 3.76.
P/E ratio history for Golden Ocean Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.76 | 7.19% |
| 2021 | 3.51 | -172.77% |
| 2020 | -4.82 | -122.41% |
| 2019 | 21.5 | 102.61% |
| 2018 | 10.6 | -110.06% |
| 2017 | -106 | 3597.35% |
| 2016 | -2.85 | 347.75% |
| 2015 | -0.6375 | -105.7% |
| 2014 | 11.2 | -120.17% |
| 2013 | -55.4 | 2020.02% |
| 2012 | -2.62 | -123.61% |
| 2011 | 11.1 | -7.01% |
| 2010 | 11.9 | 5.07% |
| 2009 | 11.3 | 100.27% |
| 2008 | 5.66 | 7.08% |
| 2007 | 5.29 | -45.01% |
| 2006 | 9.61 | -6.17% |
| 2005 | 10.2 | 41.69% |
| 2004 | 7.23 | 47.86% |
| 2003 | 4.89 | -78.04% |
| 2002 | 22.3 | 306.05% |
| 2001 | 5.48 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | N/A | N/A | 🇧🇲 Bermuda |
 | 2.53 | -68.69% | 🇲🇨 Monaco |
 | 2.23 | -72.44% | 🇧🇲 Bermuda |
 | 10.9 | 34.39% | 🇧🇲 Bermuda |
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.