Oceaneering International
OII
#3879
Rank
$2.35 B
Marketcap
$23.40
Share price
0.30%
Change (1 day)
33.87%
Change (1 year)

P/E ratio for Oceaneering International (OII)

P/E ratio as of March 2024 (TTM): 30.8

According to Oceaneering International 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.7619. At the end of 2022 the company had a P/E ratio of 67.6.

P/E ratio history for Oceaneering International from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202267.6-395.32%
2021-22.91340.71%
2020-1.59-62.47%
2019-4.23-24.61%
2018-5.62-144.97%
201712.5-88.9%
2016113606.06%
201515.910.52%
201414.4-37.24%
201323.014.32%
201220.1-5.16%
201121.25.38%
201020.118.11%
200917.0111.49%
20088.05-60.68%
200720.56.74%
200619.2-7.92%
200520.8-10.15%
200423.21.83%
200322.812.23%
200220.30.41%
200120.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
13.5-56.11%๐Ÿ‡บ๐Ÿ‡ธ USA
-57.1-285.57%๐Ÿ‡บ๐Ÿ‡ธ USA
20.1-34.54%๐Ÿ‡บ๐Ÿ‡ธ USA
77.4 151.70%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.