P/E ratio for SandRidge Energy (SD)
P/E ratio as of April 2024 (TTM): 2.64
According to SandRidge Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.6414. At the end of 2022 the company had a P/E ratio of 2.58.
P/E ratio history for SandRidge Energy from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.58 | -20.69% |
| 2021 | 3.26 | -916.74% |
| 2020 | -0.3990 | 19.22% |
| 2019 | -0.3346 | -98.81% |
| 2018 | -28.2 | -330.08% |
| 2017 | 12.3 | -1107.57% |
| 2016 | -1.22 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Occidental Petroleum OXY | 10.3 | 290.30% | 🇺🇸 USA |
 HollyFrontier HFC | 10.7 | 305.20% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 10.7 | 305.69% | 🇺🇸 USA |
 W&T Offshore WTI | 2.80 | 6.09% | 🇺🇸 USA |
 Enterprise Products EPD | 11.5 | 333.88% | 🇺🇸 USA |
 CVR Energy CVI | 4.26 | 61.13% | 🇺🇸 USA |
 Chesapeake Energy
CHK | 2.18 | -17.37% | 🇺🇸 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.