P/E ratio for Patterson-UTI Energy (PTEN)
P/E ratio as of July 2025 (TTM): -2.53
According to Patterson-UTI Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.52885. At the end of 2024 the company had a P/E ratio of -3.34.
P/E ratio history for Patterson-UTI Energy from 2001 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | -3.34 | |
| 2022 | 23.7 | -1009.44% |
| 2021 | -2.61 | 111.22% |
| 2020 | -1.23 | -74.95% |
| 2019 | -4.93 | -29.51% |
| 2018 | -6.99 | -95.75% |
| 2017 | -164 | 1224.87% |
| 2016 | -12.4 | 65.35% |
| 2015 | -7.50 | -150.2% |
| 2014 | 14.9 | -23.85% |
| 2013 | 19.6 | 106.5% |
| 2012 | 9.51 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nabors Industries
NBR | -2.21 | -12.45% | 🇧🇲 Bermuda |
 Helmerich & Payne
HP | 7.81 | -408.98% | 🇺🇸 USA |
 Transocean RIG | -4.19 | 65.73% | 🇨🇭 Switzerland |
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.