Tamarack Valley Energy
TVE.TO
#4533
Rank
$1.50 B
Marketcap
$2.77
Share price
0.53%
Change (1 day)
-5.14%
Change (1 year)

P/E ratio for Tamarack Valley Energy (TVE.TO)

P/E ratio as of April 2024 (TTM): 25.8

According to Tamarack Valley Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.7571. At the end of 2022 the company had a P/E ratio of 6.03.

P/E ratio history for Tamarack Valley Energy from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.0372.1%
20213.50-486.05%
2020-0.9071-92.27%
2019-11.7-184.5%
201813.9-129.12%
2017-47.7216.86%
2016-15.0-9.44%
2015-16.6108.91%
2014-7.95-192.52%
20138.59-164.03%
2012-13.4-49%
2011-26.3338.6%
2010-6.00100%
2009-3.00-41.5%
2008-5.13

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.