Teekay Tankers
TNK
#3797
Rank
$2.48 B
Marketcap
$72.65
Share price
0.21%
Change (1 day)
85.38%
Change (1 year)

P/E ratio for Teekay Tankers (TNK)

P/E ratio as of May 2024 (TTM): 4.62

According to Teekay Tankers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.61783. At the end of 2022 the company had a P/E ratio of 4.58.

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

PE ratio at the end of each year

Year P/E ratio Change
20224.58-401.14%
2021-1.52-135.76%
20204.25-78.19%
201919.5-519.09%
2018-4.656.29%
2017-4.38-177.43%
20165.6512.51%
20155.02-33.5%
20147.55-117.3%
2013-43.76404.83%
2012-0.6713-97.14%
2011-23.5-174.17%
201031.6415.6%
20096.14-1.91%
20086.26

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.2 164.41%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
27.2 487.97%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
6.01 30.06%๐Ÿ‡จ๐Ÿ‡ฆ Canada
14.7 219.19%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
7.51 62.60%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
7.70 66.65%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
5.10 10.34%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.