Nordic American Tankers
NAT
#5315
Rank
$0.89 B
Marketcap
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
Country
$4.30
Share price
0.94%
Change (1 day)
7.23%
Change (1 year)

P/E ratio for Nordic American Tankers (NAT)

P/E ratio as of May 2024 (TTM): 7.54

According to Nordic American Tankers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.54386. At the end of 2022 the company had a P/E ratio of 51.0.

P/E ratio history for Nordic American Tankers from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202251.0-3178.11%
2021-1.66-119.1%
20208.68-114.11%
2019-61.51960.25%
2018-2.99-11.42%
2017-3.37-100.81%
20164173386.49%
201512.0-117.94%
2014-66.61064.96%
2013-5.72-7.84%
2012-6.20-19.09%
2011-7.67-99.4%
2010< -1000-446.93%
20093673888.89%
20089.20-53.88%
200719.934.36%
200614.856.51%
20059.480.54%
20049.4385.15%
20035.09-65%
200214.6114.86%
20016.78

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.6 67.16%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
27.4 263.80%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
4.50-40.37%๐Ÿ‡จ๐Ÿ‡ฆ Canada
5.73-24.04%๐Ÿ‡จ๐Ÿ‡ฆ Canada
14.9 97.87%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
7.57 0.40%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
5.03-33.37%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda

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.