P/E ratio for Nabors Industries (NBR)
P/E ratio as of April 2024 (TTM): -8.06
According to Nabors Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -8.05939. At the end of 2022 the company had a P/E ratio of -3.72.
P/E ratio history for Nabors Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.72 | 254.23% |
| 2021 | -1.05 | 114.34% |
| 2020 | -0.4904 | -64.02% |
| 2019 | -1.36 | 34.28% |
| 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 | -72.17% |
| 2010 | 73.3 | -200.47% |
| 2009 | -73.0 | -1130.19% |
| 2008 | 7.08 | -13.37% |
| 2007 | 8.18 | -3.08% |
| 2006 | 8.44 | -53.67% |
| 2005 | 18.2 | -27.58% |
| 2004 | 25.1 | -20.03% |
| 2003 | 31.4 | -23.34% |
| 2002 | 41.0 | 203.09% |
| 2001 | 13.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Helmerich & Payne
HP | 10.8 | -233.92% | 🇺🇸 USA |
 Patterson-UTI Energy PTEN | 7.00 | -186.86% | 🇺🇸 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.