P/E ratio for Teekay Tankers (TNK)

P/E ratio history for Teekay Tankers from 2008 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Frontline FRO	3.73	54.67%	🇧🇲 Bermuda
SFL Corp SFL	10.3	326.14%	🇧🇲 Bermuda
Teekay TK	3.87	60.36%	🇨🇦 Canada
Nordic American Tankers NAT	4.44	84.16%	🇧🇲 Bermuda
Golar LNG GLNG	42.6	1,668.59%	🇧🇲 Bermuda
Ardmore Shipping ASC	2.49	3.22%	🇧🇲 Bermuda
DHT Holdings DHT	9.00	273.41%	🇧🇲 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.