P/E ratio for Tamarack Valley Energy (TVE.TO)
P/E ratio as of January 2023 (TTM): 6.38
According to Tamarack Valley Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.38479. At the end of 2021 the company had a P/E ratio of 3.47.
P/E ratio history for Tamarack Valley Energy from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.47 | -482.82% |
| 2020 | -0.9071 | -92.29% |
| 2019 | -11.8 | -185.84% |
| 2018 | 13.7 | -128.75% |
| 2017 | -47.7 | 216.86% |
| 2016 | -15.0 | -2.45% |
| 2015 | -15.4 | 97.07% |
| 2014 | -7.83 | -189.66% |
| 2013 | 8.73 | -153.91% |
| 2012 | -16.2 | -7.5% |
| 2011 | -17.5 | 77.97% |
| 2010 | -9.83 | 227.78% |
| 2009 | -3.00 | -57.14% |
| 2008 | -7.00 |
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.