P/E ratio for PEDEVCO (PED)
P/E ratio as of April 2024 (TTM): 95.0
According to PEDEVCO 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 94.95. At the end of 2022 the company had a P/E ratio of 36.7.
P/E ratio history for PEDEVCO from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 36.7 | -166.35% |
| 2021 | -55.3 | 1546.83% |
| 2020 | -3.36 | -51.49% |
| 2019 | -6.92 | -6495.86% |
| 2018 | 0.1081 | -310.2% |
| 2017 | -0.0514 | -81.44% |
| 2016 | -0.2772 | -51.25% |
| 2015 | -0.5686 | 36.47% |
| 2014 | -0.4167 | -78.29% |
| 2013 | -1.92 | -68.28% |
| 2012 | -6.05 | 2587.43% |
| 2011 | -0.2252 | -96.74% |
| 2010 | -6.90 | 245% |
| 2009 | -2.00 | -400% |
| 2008 | 0.6667 | -162.75% |
| 2007 | -1.06 | -57.79% |
| 2006 | -2.52 | -74.18% |
| 2005 | -9.75 | 225% |
| 2004 | -3.00 | -86.78% |
| 2003 | -22.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 RigNet RNET | N/A | N/A | 🇺🇸 USA |
 Oceaneering International
OII | 29.7 | -68.67% | 🇺🇸 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.