P/E ratio for NL Industries (NL)
P/E ratio as of April 2024 (TTM): -15.0
According to NL Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -14.9804. At the end of 2022 the company had a P/E ratio of 9.87.
P/E ratio history for NL Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.87 | 40.04% |
| 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 | -232.21% |
| 2012 | 7.48 | -3.06% |
| 2011 | 7.72 | -3.15% |
| 2010 | 7.97 | -127.57% |
| 2009 | -28.9 | -244.58% |
| 2008 | 20.0 | -107% |
| 2007 | -286 | -1619.95% |
| 2006 | 18.8 | -9.27% |
| 2005 | 20.7 | 299.41% |
| 2004 | 5.19 | -119.95% |
| 2003 | -26.0 | -220.02% |
| 2002 | 21.7 | 246.17% |
| 2001 | 6.26 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allegion
ALLE | 19.7 | -231.44% | 🇮🇪 Ireland |
 RBC Bearings RBC | 44.8 | -399.03% | 🇺🇸 USA |
 NN, Inc.
NNBR | -3.51 | -76.55% | 🇺🇸 USA |
 CompX International CIX | 18.9 | -226.04% | 🇺🇸 USA |
 Valhi VHI | 62.9 | -519.99% | 🇺🇸 USA |
 Timken Company
TKR | 14.0 | -193.51% | 🇺🇸 USA |
 Kronos Worldwide KRO | -56.5 | 276.83% | 🇺🇸 USA |
 Huntsman Corporation
HUN | 50.5 | -436.89% | 🇺🇸 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.