P/E ratio for Nabors Industries (NBR)
P/E ratio as of March 2023 (TTM): -2.88
According to Nabors Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.87906. At the end of 2021 the company had a P/E ratio of -1.05.
P/E ratio history for Nabors Industries from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -1.05 | 114.34% |
| 2020 | -0.4904 | -64.07% |
| 2019 | -1.36 | 34.45% |
| 2018 | -1.02 | -71.76% |
| 2017 | -3.59 | -20.43% |
| 2016 | -4.52 | -30.98% |
| 2015 | -6.55 | 25.58% |
| 2014 | -5.21 | -114.73% |
| 2013 | 35.4 | 37.17% |
| 2012 | 25.8 | 26.49% |
| 2011 | 20.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Helmerich & Payne
HP | 25.4 | -981.03% | 🇺🇸 USA |
 Patterson-UTI Energy PTEN | 16.6 | -675.80% | 🇺🇸 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.