P/E ratio for PrairieSky Royalty (PSK.TO)
P/E ratio as of April 2024 (TTM): 28.2
According to PrairieSky Royalty 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.2328. At the end of 2022 the company had a P/E ratio of 16.3.
P/E ratio history for PrairieSky Royalty from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.3 | -35.36% |
| 2021 | 25.2 | -65.41% |
| 2020 | 73.0 | 129.97% |
| 2019 | 31.7 | -38.95% |
| 2018 | 52.0 | -17.33% |
| 2017 | 62.9 | -82.29% |
| 2016 | 355 | 547.61% |
| 2015 | 54.8 |
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.