P/E ratio for Ring Energy (REI)
P/E ratio as of April 2024 (TTM): 1.86
According to Ring Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.85981. At the end of 2022 the company had a P/E ratio of 2.05.
P/E ratio history for Ring Energy from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.05 | -97.3% |
| 2021 | 76.0 | -37063.64% |
| 2020 | -0.2056 | -103.43% |
| 2019 | 6.00 | -82.28% |
| 2018 | 33.9 | -90.25% |
| 2017 | 348 | -2828.64% |
| 2016 | -12.7 | -42.19% |
| 2015 | -22.0 | -173.44% |
| 2014 | 30.0 | -109.84% |
| 2013 | -305 | 1880.69% |
| 2012 | -15.4 | -103.85% |
| 2011 | 400 | -300% |
| 2010 | -200 | 300% |
| 2009 | -50.0 | -43.18% |
| 2008 | -88.0 | -55.9% |
| 2007 | -200 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Laredo Petroleum LPI | 1.10 | -40.91% | 🇺🇸 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.