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.
Year | P/E ratio | Change |
---|---|---|
2022 | 9.17 | -28.39% |
2021 | 12.8 | -39.1% |
2020 | 21.0 | 281.14% |
2019 | 5.51 | 797.12% |
2018 | 0.6146 | -96.95% |
2017 | 20.1 | 1232.17% |
2016 | 1.51 | -76.11% |
2015 | 6.33 | -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 |
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.