P/E ratio for Oceaneering International (OII)
P/E ratio as of November 2023 (TTM): 27.4
According to Oceaneering International 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.4359. 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 |
|---|---|---|
| 2022 | 67.6 | -395.32% |
| 2021 | -22.9 | 1340.71% |
| 2020 | -1.59 | -62.47% |
| 2019 | -4.23 | -24.61% |
| 2018 | -5.62 | -144.97% |
| 2017 | 12.5 | -88.9% |
| 2016 | 113 | 606.06% |
| 2015 | 15.9 | 10.52% |
| 2014 | 14.4 | -37.24% |
| 2013 | 23.0 | 14.32% |
| 2012 | 20.1 | -5.16% |
| 2011 | 21.2 | 5.38% |
| 2010 | 20.1 | 18.11% |
| 2009 | 17.0 | 111.49% |
| 2008 | 8.05 | -60.68% |
| 2007 | 20.5 | 6.74% |
| 2006 | 19.2 | -7.92% |
| 2005 | 20.8 | -10.15% |
| 2004 | 23.2 | 1.83% |
| 2003 | 22.8 | 12.23% |
| 2002 | 20.3 | 0.41% |
| 2001 | 20.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Halliburton HAL | 12.8 | -53.17% | 🇺🇸 USA |
 Forum Energy Technologies
FET | -61.5 | -324.21% | 🇺🇸 USA |
 Tetra Technologies TTI | 21.9 | -20.14% | 🇺🇸 USA |
 Helix Energy Solutions HLX | 65.8 | 139.78% | 🇺🇸 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.