P/E ratio for SFL Corp (SFL)
P/E ratio as of December 2023 (TTM): 11.8
According to SFL Corp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8333. At the end of 2022 the company had a P/E ratio of 5.73.
P/E ratio history for SFL Corp from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.73 | -6.55% |
| 2021 | 6.13 | -299.06% |
| 2020 | -3.08 | -117.57% |
| 2019 | 17.5 | 16.45% |
| 2018 | 15.0 | 4.81% |
| 2017 | 14.4 | 51.73% |
| 2016 | 9.46 | 22.73% |
| 2015 | 7.71 | -27.95% |
| 2014 | 10.7 | -34.69% |
| 2013 | 16.4 | 125.56% |
| 2012 | 7.26 | 29.07% |
| 2011 | 5.63 | -45.09% |
| 2010 | 10.2 | 93.98% |
| 2009 | 5.28 | 19.52% |
| 2008 | 4.42 | -63.31% |
| 2007 | 12.0 | 25.75% |
| 2006 | 9.58 | 61% |
| 2005 | 5.95 | 2.08% |
| 2004 | 5.83 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 DHT Holdings DHT | 9.96 | -15.83% | 🇧🇲 Bermuda |
 Golar LNG
GLNG | 21.7 | 83.78% | 🇧🇲 Bermuda |
 Teekay Tankers TNK | 3.16 | -73.25% | 🇨🇦 Canada |
 Teekay TK | 4.23 | -64.23% | 🇨🇦 Canada |
 Nordic American Tankers NAT | 6.81 | -42.48% | 🇧🇲 Bermuda |
 Frontline FRO | 5.36 | -54.72% | 🇧🇲 Bermuda |
 Ardmore Shipping
ASC | 3.02 | -74.52% | 🇧🇲 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.