P/E ratio for Peyto Exploration & Development (PEY.TO)
P/E ratio as of April 2024 (TTM): 7.64
According to Peyto Exploration & Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.64323. At the end of 2022 the company had a P/E ratio of 6.03.
P/E ratio history for Peyto Exploration & Development from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.03 | -41.29% |
| 2021 | 10.3 | -177.39% |
| 2020 | -13.3 | -379.43% |
| 2019 | 4.75 | -47.67% |
| 2018 | 9.08 | -35.98% |
| 2017 | 14.2 | -70.54% |
| 2016 | 48.1 | 68.37% |
| 2015 | 28.6 | 46.9% |
| 2014 | 19.5 | -42.54% |
| 2013 | 33.9 | -2.78% |
| 2012 | 34.8 | 37.11% |
| 2011 | 25.4 | 128.09% |
| 2010 | 11.1 | 10.91% |
| 2009 | 10.0 | 71.44% |
| 2008 | 5.86 | -31.37% |
| 2007 | 8.54 | -10.31% |
| 2006 | 9.52 | -38.72% |
| 2005 | 15.5 | -48.05% |
| 2004 | 29.9 | 19.58% |
| 2003 | 25.0 | 47.98% |
| 2002 | 16.9 | 78.73% |
| 2001 | 9.45 |
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.