P/E ratio for Paramount Resources (POU.TO)
P/E ratio as of April 2024 (TTM): 6.48
According to Paramount Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.47688. At the end of 2022 the company had a P/E ratio of 5.94.
P/E ratio history for Paramount Resources from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.94 | -57.23% |
| 2021 | 13.9 | -147.24% |
| 2020 | -29.4 | 161.35% |
| 2019 | -11.3 | 335.73% |
| 2018 | -2.58 | -138.17% |
| 2017 | 6.77 | 338.3% |
| 2016 | 1.54 | -329.11% |
| 2015 | -0.6738 | -98.21% |
| 2014 | -37.7 | -35.94% |
| 2013 | -58.8 | 37.18% |
| 2012 | -42.9 | 217.31% |
| 2011 | -13.5 | -43.61% |
| 2010 | -24.0 | 153.75% |
| 2009 | -9.45 | 152.08% |
| 2008 | -3.75 | -271.43% |
| 2007 | 2.19 | -102.52% |
| 2006 | -86.6 | 192.76% |
| 2005 | -29.6 | -180.88% |
| 2004 | 36.6 | -92.54% |
| 2003 | 490 | 492.17% |
| 2002 | 82.8 | 1151.56% |
| 2001 | 6.61 |
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.