Tamarack Valley Energy
TVE.TO
#3830
Rank
$1.94 B
Marketcap
$3.49
Share price
0.43%
Change (1 day)
-4.38%
Change (1 year)

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
20213.47-482.82%
2020-0.9071-92.29%
2019-11.8-185.84%
201813.7-128.75%
2017-47.7216.86%
2016-15.0-2.45%
2015-15.497.07%
2014-7.83-189.66%
20138.73-153.91%
2012-16.2-7.5%
2011-17.577.97%
2010-9.83227.78%
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.