P/E ratio for Paramount Resources (POU.TO)
P/E ratio as of September 2023 (TTM): 6.08
According to Paramount Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.07585. At the end of 2021 the company had a P/E ratio of 13.7.
P/E ratio history for Paramount Resources from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 13.7 | -147.3% |
| 2020 | -29.0 | 157.69% |
| 2019 | -11.3 | 330.34% |
| 2018 | -2.62 | -121.55% |
| 2017 | 12.1 | 686.2% |
| 2016 | 1.54 | -342.59% |
| 2015 | -0.6364 | -98.29% |
| 2014 | -37.3 | -35.71% |
| 2013 | -58.0 | 39.78% |
| 2012 | -41.5 | 207.82% |
| 2011 | -13.5 | -23.79% |
| 2010 | -17.7 | 87.75% |
| 2009 | -9.41 | 150.13% |
| 2008 | -3.76 | -267.81% |
| 2007 | 2.24 | -102.59% |
| 2006 | -86.6 | 195.74% |
| 2005 | -29.3 | -180.66% |
| 2004 | 36.3 | -85.33% |
| 2003 | 247 | 198.92% |
| 2002 | 82.8 |
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.