According to Baker Hughes 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.0509. At the end of 2022 the company had a P/E ratio of -49.2.
Year | P/E ratio | Change |
---|---|---|
2022 | -49.2 | -28.4% |
2021 | -68.7 | 4937.85% |
2020 | -1.36 | -101.17% |
2019 | 116 | 133% |
2018 | 50.0 | -215.47% |
2017 | -43.3 |
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.