Ecopetrol
EC
#1160
Rank
โ‚น1.341 T
Marketcap
๐Ÿ‡จ๐Ÿ‡ด
Country
โ‚น639.10
Share price
-1.30%
Change (1 day)
-38.39%
Change (1 year)

P/E ratio for Ecopetrol (EC)

P/E ratio as of November 2024 (TTM): 2.76

According to Ecopetrol's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.76475. At the end of 2022 the company had a P/E ratio of 3.78.

P/E ratio history for Ecopetrol from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20223.78-38.54%
20216.16-89.41%
202058.1529.71%
20199.2313.31%
20188.15-39.11%
201713.4-61.31%
201634.6-377.43%
2015-12.5-237.29%
20149.08-20.41%
201311.4-22.37%
201214.734.37%
201110.9-46.34%
201020.4-1.48%
200920.7225.6%
20086.35

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.3 310.23%๐Ÿ‡บ๐Ÿ‡ธ USA
6.09 120.10%๐Ÿ‡ฆ๐Ÿ‡ท Argentina
5.61 103.02%๐Ÿ‡ฎ๐Ÿ‡น Italy
0.6394-76.87%๐Ÿ‡ง๐Ÿ‡ท Brazil
11.5 316.36%๐Ÿ‡บ๐Ÿ‡ธ USA
26.6 862.98%๐Ÿ‡บ๐Ÿ‡ธ USA
3.39 22.58%๐Ÿ‡ฌ๐Ÿ‡ง UK
9.98 261.00%๐Ÿ‡บ๐Ÿ‡ธ USA
7.77 180.88%๐Ÿ‡บ๐Ÿ‡ธ USA

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.