P/E ratio for Permian Resources (PR)
P/E ratio as of September 2023 (TTM): 8.05
According to Permian Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.05455. At the end of 2021 the company had a P/E ratio of 12.2.
P/E ratio history for Permian Resources from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.2 | -2117.74% |
| 2020 | -0.6048 | -100.79% |
| 2019 | 77.0 | 431.03% |
| 2018 | 14.5 | |
| 2016 | -227 |
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.