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% |
| 2013 | 21.5 | -13.88% |
| 2012 | 25.0 | -65.7% |
| 2011 | 72.9 |
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 | 28.4 | 908.29% | 🇨🇦 Canada |
 Teekay TK | 7.39 | 162.31% | 🇨🇦 Canada |
 SFL Corp
SFL | 4.84 | 71.76% | 🇧🇲 Bermuda |
 Scorpio Tankers
STNG | 3.94 | 39.74% | 🇲🇨 Monaco |
 Nordic American Tankers NAT | 58.7 | 1,982.51% | 🇧🇲 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.