P/E ratio for Dril-Quip (DRQ)

P/E ratio history for Dril-Quip from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Oil States International OIS	30.1	-109.77%	🇺🇸 USA
TechnipFMC FTI	-367	19.09%	🇬🇧 UK
NOV NOV	12.9	-104.20%	🇺🇸 USA
Schlumberger SLB	14.2	-104.60%	🇺🇸 USA
Forum Energy Technologies FET	-45.7	-85.17%	🇺🇸 USA
Flotek Industries FTK	-11.7	-96.20%	🇺🇸 USA
Newpark Resources NR	26.8	-108.69%	🇺🇸 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.