Petro Rio
PRIO3.SA
#1905
Rank
$8.13 B
Marketcap
$9.72
Share price
3.53%
Change (1 day)
58.56%
Change (1 year)

P/E ratio for Petro Rio (PRIO3.SA)

P/E ratio as of March 2024 (TTM): 9.10

According to Petro Rio's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.10121. At the end of 2022 the company had a P/E ratio of 9.17.

P/E ratio history for Petro Rio from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.17-28.39%
202112.8-39.1%
202021.0281.14%
20195.51797.12%
20180.6146-96.95%
201720.11232.17%
20161.51-76.11%
20156.33-4717.77%
2014-0.1370-44.17%
2013-0.2455-97.43%
2012-9.56-59.37%
2011-23.5-75.64%
2010-96.6

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.