P/E ratio for Flotek Industries (FTK)
P/E ratio as of May 2024 (TTM): -7.89
According to Flotek Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.89334. At the end of 2022 the company had a P/E ratio of -0.5138.
P/E ratio history for Flotek Industries from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.5138 | -35.89% |
| 2021 | -0.8014 | 335.65% |
| 2020 | -0.1840 | -98.9% |
| 2019 | -16.7 | 11000.92% |
| 2018 | -0.1501 | -90.91% |
| 2017 | -1.65 | -7.08% |
| 2016 | -1.78 | -79.01% |
| 2015 | -8.47 | -366.03% |
| 2014 | 3.19 | -49.21% |
| 2013 | 6.27 | 94.33% |
| 2012 | 3.23 | 13.09% |
| 2011 | 2.85 | -459.22% |
| 2010 | -0.7945 | 749.01% |
| 2009 | -0.0936 | -107.28% |
| 2008 | 1.29 | -83.38% |
| 2007 | 7.73 | 56.06% |
| 2006 | 4.96 | 27.82% |
| 2005 | 3.88 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NOV NOV | 14.6 | -285.15% | 🇺🇸 USA |
 Schlumberger SLB | 16.3 | -306.37% | 🇺🇸 USA |
 TechnipFMC
FTI | -375 | 4,654.39% | 🇬🇧 UK |
 Newpark Resources
NR | 26.0 | -429.39% | 🇺🇸 USA |
 Oil States International
OIS | 26.8 | -439.69% | 🇺🇸 USA |
 Dril-Quip DRQ | -371 | 4,597.63% | 🇺🇸 USA |
 Ecolab ECL | 52.4 | -763.46% | 🇺🇸 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.