P/E ratio for Precision Drilling Corporation (PDS)
P/E ratio as of May 2024 (TTM): 8.67
According to Precision Drilling Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.66578. At the end of 2022 the company had a P/E ratio of -35.6.
P/E ratio history for Precision Drilling Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -35.6 | 963.85% |
| 2021 | -3.34 | 33.37% |
| 2020 | -2.51 | -103.37% |
| 2019 | 74.4 | -3288.51% |
| 2018 | -2.33 | -72.81% |
| 2017 | -8.59 | -36.24% |
| 2016 | -13.5 | 211.55% |
| 2015 | -4.32 | -108.79% |
| 2014 | 49.2 | 250.65% |
| 2013 | 14.0 | -67.78% |
| 2012 | 43.5 | 195.38% |
| 2011 | 14.7 | -74.86% |
| 2010 | 58.6 | 356.67% |
| 2009 | 12.8 | 222.86% |
| 2008 | 3.97 | -33.28% |
| 2007 | 5.96 | -50.01% |
| 2006 | 11.9 | 132.96% |
| 2005 | 5.12 | -91.98% |
| 2004 | 63.8 | 4.73% |
| 2003 | 60.9 | -43.16% |
| 2002 | 107 | 156.32% |
| 2001 | 41.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Helmerich & Payne
HP | 10.0 | 15.43% | 🇺🇸 USA |
 Patterson-UTI Energy PTEN | 6.48 | -25.21% | 🇺🇸 USA |
 Nabors Industries
NBR | -7.53 | -186.87% | 🇧🇲 Bermuda |
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.