P/E ratio for Helmerich & Payne (HP)
P/E ratio as of April 2024 (TTM): 10.7
According to Helmerich & Payne 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6937. At the end of 2022 the company had a P/E ratio of 34.2.
P/E ratio history for Helmerich & Payne from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 34.2 | -513.98% |
| 2021 | -8.26 | 96.82% |
| 2020 | -4.20 | -97.88% |
| 2019 | -198 | -95.88% |
| 2018 | < -1000 | -27540.9% |
| 2017 | 17.5 | -123.02% |
| 2016 | -75.9 | -407.5% |
| 2015 | 24.7 | 148.9% |
| 2014 | 9.91 | -17.46% |
| 2013 | 12.0 | 19.66% |
| 2012 | 10.0 | -24.15% |
| 2011 | 13.2 | -49.5% |
| 2010 | 26.2 | 68.88% |
| 2009 | 15.5 | 225.36% |
| 2008 | 4.77 | -48.58% |
| 2007 | 9.28 | 14.22% |
| 2006 | 8.12 | -79.41% |
| 2005 | 39.4 | -14.28% |
| 2004 | 46.0 | -52.24% |
| 2003 | 96.3 | -18.91% |
| 2002 | 119 | 138.39% |
| 2001 | 49.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Patterson-UTI Energy PTEN | 6.93 | -35.23% | 🇺🇸 USA |
 Nabors Industries
NBR | -7.96 | -174.47% | 🇧🇲 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.