NOW Inc.
DNOW
#4473
Rank
$1.61 B
Marketcap
$15.20
Share price
-0.33%
Change (1 day)
37.81%
Change (1 year)

P/E ratio for NOW Inc. (DNOW)

P/E ratio as of March 2024 (TTM): 12.8

According to NOW Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.7731. At the end of 2022 the company had a P/E ratio of 11.2.

P/E ratio history for NOW Inc. from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.2-93.42%
2021171-9377.44%
2020-1.84-85.42%
2019-12.6-149.91%
201825.3-210.12%
2017-23.0144.72%
2016-9.39177.78%
2015-3.38-114.23%
201423.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.47-65.03%๐Ÿ‡จ๐Ÿ‡ฆ Canada
14.1 10.74%๐Ÿ‡บ๐Ÿ‡ธ USA
11.9-6.77%๐Ÿ‡บ๐Ÿ‡ธ USA
21.3 66.85%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.