PrairieSky Royalty
PSK.TO
#2824
Rank
$4.52 B
Marketcap
$18.92
Share price
0.54%
Change (1 day)
9.89%
Change (1 year)

P/E ratio for PrairieSky Royalty (PSK.TO)

P/E ratio as of May 2024 (TTM): 26.6

According to PrairieSky Royalty 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.5534. 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
202216.3-35.36%
202125.2-65.41%
202073.0129.97%
201931.7-38.95%
201852.0-17.33%
201762.9-82.29%
2016355547.61%
201554.8

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.