P/E ratio for NL Industries (NL)
P/E ratio as of September 2023 (TTM): -9.39
According to NL Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.39216. At the end of 2021 the company had a P/E ratio of 7.05.
P/E ratio history for NL Industries from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.05 | -55.77% |
| 2020 | 15.9 | 115.98% |
| 2019 | 7.38 | -276.55% |
| 2018 | -4.18 | -169.79% |
| 2017 | 5.99 | -76.49% |
| 2016 | 25.5 | -502.14% |
| 2015 | -6.33 | -143.45% |
| 2014 | 14.6 | -247.33% |
| 2013 | -9.89 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allegion
ALLE | 17.7 | -288.69% | 🇮🇪 Ireland |
 RBC Bearings RBC | 42.9 | -556.51% | 🇺🇸 USA |
 NN, Inc.
NNBR | -1.77 | -81.10% | 🇺🇸 USA |
 CompX International CIX | 11.2 | -219.04% | 🇺🇸 USA |
 Valhi VHI | 54.8 | -683.82% | 🇺🇸 USA |
 Timken Company
TKR | 12.1 | -228.98% | 🇺🇸 USA |
 Kronos Worldwide KRO | -40.6 | 332.28% | 🇺🇸 USA |
 Huntsman Corporation
HUN | 25.0 | -366.61% | 🇺🇸 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.