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Nabors Industries
NBR
#4453
Rank
$1.13 B
Marketcap
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
Country
$120.02
Share price
0.77%
Change (1 day)
-20.52%
Change (1 year)

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
2021-1.05114.34%
2020-0.4904-64.07%
2019-1.3634.45%
2018-1.02-71.76%
2017-3.59-20.43%
2016-4.52-30.98%
2015-6.5525.58%
2014-5.21-114.73%
201335.437.17%
201225.826.49%
201120.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
25.4-981.03%๐Ÿ‡บ๐Ÿ‡ธ USA
16.6-675.80%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.