Golar LNG
GLNG
#3603
Rank
$2.34 B
Marketcap
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
Country
$21.87
Share price
0.00%
Change (1 day)
-17.53%
Change (1 year)

P/E ratio for Golar LNG (GLNG)

P/E ratio as of June 2023 (TTM): 2.82

According to Golar LNG 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.81712. At the end of 2020 the company had a P/E ratio of -3.46.

P/E ratio history for Golar LNG from 2004 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2020-3.46
2014-78.9-466.44%
201321.5-13.88%
201225.0-65.7%
201172.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
28.4 908.29%๐Ÿ‡จ๐Ÿ‡ฆ Canada
7.39 162.31%๐Ÿ‡จ๐Ÿ‡ฆ Canada
4.84 71.76%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
3.94 39.74%๐Ÿ‡ฒ๐Ÿ‡จ Monaco
58.7 1,982.51%๐Ÿ‡ง๐Ÿ‡ฒ 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.