P/E ratio for Patterson-UTI Energy (PTEN)
P/E ratio as of April 2024 (TTM): 6.95
According to Patterson-UTI Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.9537. At the end of 2022 the company had a P/E ratio of 23.7.
P/E ratio history for Patterson-UTI Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 | -1.05% |
| 2011 | 9.61 | -66.12% |
| 2010 | 28.4 | -146.18% |
| 2009 | -61.4 | -1300.26% |
| 2008 | 5.12 | -25.83% |
| 2007 | 6.90 | 21.44% |
| 2006 | 5.68 | -62.25% |
| 2005 | 15.0 | -55.13% |
| 2004 | 33.5 | -42.97% |
| 2003 | 58.8 | -111.69% |
| 2002 | -503 | -4845.75% |
| 2001 | 10.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Helmerich & Payne
HP | 10.6 | 52.15% | 🇺🇸 USA |
 Transocean RIG | -3.58 | -151.52% | 🇨🇭 Switzerland |
 Nabors Industries
NBR | -8.19 | -217.83% | 🇧🇲 Bermuda |
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.