P/E ratio for Overseas Shipholding Group (OSG)
P/E ratio as of April 2024 (TTM): 10.6
According to Overseas Shipholding Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6479. At the end of 2022 the company had a P/E ratio of 9.63.
P/E ratio history for Overseas Shipholding Group from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.63 | -361.33% |
| 2021 | -3.69 | -156.84% |
| 2020 | 6.48 | -71.81% |
| 2019 | 23.0 | 107.83% |
| 2018 | 11.1 | 158.49% |
| 2017 | 4.28 | -481.18% |
| 2016 | -1.12 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Performance Shipping
PSHG | 0.2389 | -97.76% | 🇬🇷 Greece |
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.