P/E ratio for Scorpio Tankers (STNG)
P/E ratio as of June 2023 (TTM): 3.92
According to Scorpio Tankers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.91536. At the end of 2019 the company had a P/E ratio of -38.2.
P/E ratio history for Scorpio Tankers from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2019 | -38.2 | 1182.54% |
| 2018 | -2.98 | -25.79% |
| 2017 | -4.01 | -85.83% |
| 2016 | -28.3 | -573.05% |
| 2015 | 5.99 | |
| 2013 | 82.1 | -850.83% |
| 2012 | -10.9 | 479.36% |
| 2011 | -1.89 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Tsakos Energy Navigation TNP | 18.2 | 364.03% | 🇬🇷 Greece |
 Teekay Tankers TNK | 28.7 | 633.38% | 🇨🇦 Canada |
 Teekay TK | 7.51 | 91.72% | 🇨🇦 Canada |
 Ardmore Shipping
ASC | 3.46 | -11.60% | 🇧🇲 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.