P/E ratio for PrairieSky Royalty (PSK.TO)
P/E ratio as of June 2023 (TTM): 17.3
According to PrairieSky Royalty 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.2715. At the end of 2021 the company had a P/E ratio of 24.6.
P/E ratio history for PrairieSky Royalty from 2015 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 24.6 | -66.19% |
| 2020 | 72.9 | 129.62% |
| 2019 | 31.7 | -41.02% |
| 2018 | 53.8 | -14.43% |
| 2017 | 62.9 | -82.29% |
| 2016 | 355 | 546.13% |
| 2015 | 54.9 |
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.