According to SandRidge Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.10721. At the end of 2022 the company had a P/E ratio of 2.58.
Year | P/E ratio | Change |
---|---|---|
2022 | 2.58 | -20.69% |
2021 | 3.26 | -916.74% |
2020 | -0.3990 | 19.22% |
2019 | -0.3346 | -98.81% |
2018 | -28.2 | -330.08% |
2017 | 12.3 | -1107.57% |
2016 | -1.22 |
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.