Teekay Tankers
TNK
#4457
Rank
$1.28 B
Marketcap
$37.79
Share price
2.94%
Change (1 day)
79.44%
Change (1 year)

P/E ratio for Teekay Tankers (TNK)

P/E ratio as of June 2023 (TTM): 30.0

According to Teekay Tankers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.9603. At the end of 2021 the company had a P/E ratio of -1.52.

P/E ratio history for Teekay Tankers from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-1.52-135.76%
20204.25-76.59%
201918.2-490.52%
2018-4.659.61%
2017-4.24-175.09%
20165.6512.51%
20155.02-33.5%
20147.55-117.3%
2013-43.76404.83%
2012-0.6713

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.4-61.92%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
2.80-90.66%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
7.63-74.53%๐Ÿ‡จ๐Ÿ‡ฆ Canada
4.90-83.64%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
61.7 105.83%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
6.86-77.10%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
3.63-87.87%๐Ÿ‡ง๐Ÿ‡ฒ 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.