Reason: Acquired by Apollo Funds
Last recorded trade on: January 19, 2023
Source: https://www.apollo.com/media/press-releases/2022/11-17-2022-134627289
P/E ratio for Tenneco (TEN)
P/E ratio on January 19, 2023 (TTM): -7.01
According to Tenneco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.01404. At the end of 2021 the company had a P/E ratio of 26.3.
P/E ratio history for Tenneco from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 26.3 | -4740.98% |
| 2020 | -0.5662 | -83.27% |
| 2019 | -3.39 | -123.73% |
| 2018 | 14.3 | -4.72% |
| 2017 | 15.0 | 55.54% |
| 2016 | 9.63 | |
| 2014 | 15.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 8.42 | -220.03% | 🇺🇸 USA |
 | 13.8 | -297.09% | 🇺🇸 USA |
 | 8.67 | -223.64% | 🇺🇸 USA |
 | N/A | N/A | 🇺🇸 USA |
 | 8.23 | -217.38% | 🇺🇸 USA |
 | -15.4 | 119.40% | 🇺🇸 USA |
 | 4.46 | -163.57% | 🇺🇸 USA |
 | 14.5 | -307.33% | 🇺🇸 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.