Par Pacific Holdings
PARR
#3985
Rank
$2.19 B
Marketcap
$37.06
Share price
1.81%
Change (1 day)
29.85%
Change (1 year)

P/E ratio for Par Pacific Holdings (PARR)

P/E ratio as of March 2024 (TTM): 3.51

According to Par Pacific Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.51013. At the end of 2022 the company had a P/E ratio of 3.81.

P/E ratio history for Par Pacific Holdings from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20223.81-133.92%
2021-11.2516.25%
2020-1.82-106.42%
201928.369.89%
201816.735.85%
201712.3-197.13%
2016-12.6-46.24%
2015-23.5102.07%
2014-11.656.7%
2013-7.43

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
3.65 3.95%๐Ÿ‡บ๐Ÿ‡ธ USA
2.68-23.59%๐Ÿ‡บ๐Ÿ‡ธ USA
18.1 415.05%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.