P/E ratio for HighPeak Energy (HPK)
P/E ratio as of April 2024 (TTM): 7.12
According to HighPeak Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.11737. At the end of 2022 the company had a P/E ratio of 11.6.
P/E ratio history for HighPeak Energy from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.6 | -57.4% |
| 2021 | 27.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Patterson-UTI Energy PTEN | 7.00 | -1.65% | 🇺🇸 USA |
 Transocean RIG | -3.38 | -147.55% | 🇨🇭 Switzerland |
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.