P/E ratio for Golar LNG (GLNG)
P/E ratio as of April 2024 (TTM): 25.1
According to Golar LNG 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.1465. At the end of 2022 the company had a P/E ratio of 3.12.
P/E ratio history for Golar LNG from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.12 | -5.01% |
| 2021 | 3.28 | -195.62% |
| 2020 | -3.44 | -31.83% |
| 2019 | -5.04 | -47.2% |
| 2018 | -9.54 | -43.26% |
| 2017 | -16.8 | 47.31% |
| 2016 | -11.4 | 57.36% |
| 2015 | -7.26 | -90.43% |
| 2014 | -75.8 | -452.05% |
| 2013 | 21.5 | 606.38% |
| 2012 | 3.05 | -95.82% |
| 2011 | 72.9 | -95.15% |
| 2010 | > 1000 | 3763.73% |
| 2009 | 38.8 | -186.2% |
| 2008 | -45.1 | -519.7% |
| 2007 | 10.7 | -8.56% |
| 2006 | 11.7 | -53.03% |
| 2005 | 25.0 | 25.92% |
| 2004 | 19.9 | -5.26% |
| 2003 | 21.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Golar LNG Partners GMLP | N/A | N/A | 🇧🇲 Bermuda |
 Teekay Tankers TNK | 3.72 | -85.21% | 🇨🇦 Canada |
 Teekay TK | 4.56 | -81.86% | 🇨🇦 Canada |
 SFL Corp
SFL | 13.8 | -45.20% | 🇧🇲 Bermuda |
 Scorpio Tankers
STNG | 4.68 | -81.40% | 🇲🇨 Monaco |
 Nordic American Tankers NAT | 6.94 | -72.41% | 🇧🇲 Bermuda |
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.