Golar LNG
GLNG
#3681
Rank
$2.61 B
Marketcap
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
Country
$24.97
Share price
-1.62%
Change (1 day)
14.75%
Change (1 year)

P/E ratio for Golar LNG (GLNG)

P/E ratio as of April 2024 (TTM): 25.6

According to Golar LNG 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.6364. 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
20223.12-5.01%
20213.28-195.62%
2020-3.44-31.83%
2019-5.04-47.2%
2018-9.54-43.26%
2017-16.847.31%
2016-11.457.36%
2015-7.26-90.43%
2014-75.8-452.05%
201321.5606.38%
20123.05-95.82%
201172.9-95.15%
2010> 10003763.73%
200938.8-186.2%
2008-45.1-519.7%
200710.7-8.56%
200611.7-53.03%
200525.025.92%
200419.9-5.26%
200321.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
3.75-85.38%๐Ÿ‡จ๐Ÿ‡ฆ Canada
4.56-82.22%๐Ÿ‡จ๐Ÿ‡ฆ Canada
13.3-47.99%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
4.63-81.95%๐Ÿ‡ฒ๐Ÿ‡จ Monaco
6.98-72.76%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.