P/E ratio for Gran Tierra Energy (GTE)
P/E ratio as of April 2024 (TTM): 17.0
According to Gran Tierra Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17. At the end of 2022 the company had a P/E ratio of 2.61.
P/E ratio history for Gran Tierra Energy from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.61 | -58.76% |
| 2021 | 6.33 | -3829.63% |
| 2020 | -0.1698 | -101.32% |
| 2019 | 12.9 | 54.56% |
| 2018 | 8.35 | -124.73% |
| 2017 | -33.8 | 1475.74% |
| 2016 | -2.14 | -7.22% |
| 2015 | -2.31 | -64.02% |
| 2014 | -6.42 | -140.38% |
| 2013 | 15.9 | 3.5% |
| 2012 | 15.4 | 43.94% |
| 2011 | 10.7 | -80.12% |
| 2010 | 53.7 | -43.8% |
| 2009 | 95.5 | 513.93% |
| 2008 | 15.6 | -153.44% |
| 2007 | -29.1 | 121.87% |
| 2006 | -13.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 YPF
(Yacimientos Petrolíferos Fiscales)
YPF | 4.58 | -73.04% | 🇦🇷 Argentina |
 Ecopetrol EC | 4.10 | -75.86% | 🇨🇴 Colombia |
 Petrobras PBR | 0.7590 | -95.54% | 🇧🇷 Brazil |
 Geopark GPRK | 3.07 | -81.92% | 🇨🇱 Chile |
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.