Flex Lng
FLNG
#3782
Rank
$1.86 B
Marketcap
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
Country
$34.53
Share price
0.44%
Change (1 day)
60.68%
Change (1 year)

P/E ratio for Flex Lng (FLNG)

P/E ratio as of December 2022 (TTM): 8.95

According to Flex Lng 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.9456. At the end of 2019 the company had a P/E ratio of 34.1.

P/E ratio history for Flex Lng from 2019 to 2022

PE ratio at the end of each year

Year P/E ratio Change
201934.1

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.