P/E ratio for PHX Minerals (PHX)
P/E ratio as of May 2024 (TTM): 5.35
According to PHX Minerals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.34861. At the end of 2022 the company had a P/E ratio of 8.10.
P/E ratio history for PHX Minerals from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.10 | -103.73% |
| 2021 | -217 | 14523.91% |
| 2020 | -1.48 | -59.36% |
| 2019 | -3.65 | -118.61% |
| 2018 | 19.6 | 9.8% |
| 2017 | 17.9 | -144.01% |
| 2016 | -40.6 | -44.72% |
| 2015 | -73.5 | -671.1% |
| 2014 | 12.9 | -23.01% |
| 2013 | 16.7 | -56.8% |
| 2012 | 38.7 | 47.33% |
| 2011 | 26.2 | 26.36% |
| 2010 | 20.8 | -98.4% |
| 2009 | > 1000 | 14504.72% |
| 2008 | 8.87 | -68.25% |
| 2007 | 27.9 | 33.68% |
| 2006 | 20.9 | 58.47% |
| 2005 | 13.2 | 12.16% |
| 2004 | 11.8 | 12.23% |
| 2003 | 10.5 | -70.41% |
| 2002 | 35.4 | 227.37% |
| 2001 | 10.8 |
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.