P/E ratio for PrimeEnergy Resources (PNRG)
P/E ratio as of May 2024 (TTM): 5.23
According to PrimeEnergy Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.22922. At the end of 2022 the company had a P/E ratio of 3.48.
P/E ratio history for PrimeEnergy Resources from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.48 | -94.73% |
| 2021 | 66.1 | -277.7% |
| 2020 | -37.2 | -142.32% |
| 2019 | 87.9 | 771.26% |
| 2018 | 10.1 | 266.7% |
| 2017 | 2.75 | -92.35% |
| 2016 | 36.0 | -475.62% |
| 2015 | -9.58 | -251.13% |
| 2014 | 6.34 | -36.58% |
| 2013 | 10.0 | 149.57% |
| 2012 | 4.01 | -68.78% |
| 2011 | 12.8 | -39.64% |
| 2010 | 21.3 | -555.19% |
| 2009 | -4.67 | -101.53% |
| 2008 | 306 | 1225.57% |
| 2007 | 23.1 | 96.94% |
| 2006 | 11.7 | 75.36% |
| 2005 | 6.68 | -34.75% |
| 2004 | 10.2 | 8.54% |
| 2003 | 9.43 | -44.62% |
| 2002 | 17.0 | 195.09% |
| 2001 | 5.77 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Occidental Petroleum OXY | 10.1 | 93.20% | 🇺🇸 USA |
 Pioneer Natural Resources PXD | 12.4 | 137.71% | 🇺🇸 USA |
 Chesapeake Energy
CHK | 2.17 | -58.43% | 🇺🇸 USA |
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.