P/E ratio for Parex Resources (PXT.TO)
P/E ratio as of April 2024 (TTM): 3.75
According to Parex Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.74895. At the end of 2022 the company had a P/E ratio of 2.78.
P/E ratio history for Parex Resources from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.78 | -60.18% |
| 2021 | 6.98 | -63.44% |
| 2020 | 19.1 | 131.19% |
| 2019 | 8.25 | 78.13% |
| 2018 | 4.63 | -67.57% |
| 2017 | 14.3 | -135.36% |
| 2016 | -40.4 | 71.09% |
| 2015 | -23.6 | 229.16% |
| 2014 | -7.18 | -113.93% |
| 2013 | 51.5 | 226.76% |
| 2012 | 15.8 |
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.