Kimbell Royalty Partners
KRP
#4460
Rank
$1.62 B
Marketcap
$15.64
Share price
0.26%
Change (1 day)
7.42%
Change (1 year)

P/E ratio for Kimbell Royalty Partners (KRP)

P/E ratio as of March 2024 (TTM): 12.1

According to Kimbell Royalty Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.093. At the end of 2022 the company had a P/E ratio of 10.2.

P/E ratio history for Kimbell Royalty Partners from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202210.2-60.91%
202126.2-1703.84%
2020-1.63-63.95%
2019-4.5313.5%
2018-3.99-103.2%
2017125

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.