According to Secure Energy Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.3956. At the end of 2022 the company had a P/E ratio of 12.1.
Year | P/E ratio | Change |
---|---|---|
2022 | 12.1 | -295.87% |
2021 | -6.19 | 38.35% |
2020 | -4.47 | -100.89% |
2019 | 503 | 760.68% |
2018 | 58.4 | -240.77% |
2017 | -41.5 | 13.4% |
2016 | -36.6 | 420.89% |
2015 | -7.03 | -111.18% |
2014 | 62.9 | 28.05% |
2013 | 49.1 | 68.23% |
2012 | 29.2 | 18.91% |
2011 | 24.5 | -57.94% |
2010 | 58.3 |
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.