P/E ratio for PDC Energy (PDCE)
P/E ratio as of April 2024 (TTM): 3.65
According to PDC Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.64872. At the end of 2022 the company had a P/E ratio of 3.39.
P/E ratio history for PDC Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.39 | -62.64% |
| 2021 | 9.07 | -433.44% |
| 2020 | -2.72 | -90.96% |
| 2019 | -30.1 | -103.03% |
| 2018 | 992 | -3814.71% |
| 2017 | -26.7 | 90.59% |
| 2016 | -14.0 | -56.43% |
| 2015 | -32.2 | -438.16% |
| 2014 | 9.51 | -113.4% |
| 2013 | -71.0 | 780.32% |
| 2012 | -8.06 | -112.86% |
| 2011 | 62.7 | -55.48% |
| 2010 | 141 | -3819.98% |
| 2009 | -3.79 | -220.64% |
| 2008 | 3.14 | -88.11% |
| 2007 | 26.4 | 841.23% |
| 2006 | 2.80 | -78.8% |
| 2005 | 13.2 | -28.31% |
| 2004 | 18.5 | 1.23% |
| 2003 | 18.2 | 92.63% |
| 2002 | 9.46 | 41.83% |
| 2001 | 6.67 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Comstock Resources CRK | 3.77 | 3.36% | 🇺🇸 USA |
 Continental Resources
CLR | 7.46 | 104.57% | 🇺🇸 USA |
 Bonanza Creek Energy
BCEI | N/A | N/A | 🇺🇸 USA |
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.