P/E ratio for Teekay Tankers (TNK)
P/E ratio as of April 2024 (TTM): 3.54
According to Teekay Tankers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.53631. 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 |
|---|---|---|
| 2022 | 4.58 | -401.14% |
| 2021 | -1.52 | -135.76% |
| 2020 | 4.25 | -78.19% |
| 2019 | 19.5 | -519.09% |
| 2018 | -4.65 | 6.29% |
| 2017 | -4.38 | -177.43% |
| 2016 | 5.65 | 12.51% |
| 2015 | 5.02 | -33.5% |
| 2014 | 7.55 | -117.3% |
| 2013 | -43.7 | 6404.83% |
| 2012 | -0.6713 | -97.14% |
| 2011 | -23.5 | -174.17% |
| 2010 | 31.6 | 415.6% |
| 2009 | 6.14 | -1.91% |
| 2008 | 6.26 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 DHT Holdings DHT | 11.1 | 212.76% | 🇧🇲 Bermuda |
 Golar LNG
GLNG | 24.9 | 605.24% | 🇧🇲 Bermuda |
 Teekay TK | 4.33 | 22.48% | 🇨🇦 Canada |
 SFL Corp
SFL | 13.0 | 267.03% | 🇧🇲 Bermuda |
 Nordic American Tankers NAT | 6.61 | 87.03% | 🇧🇲 Bermuda |
 Frontline FRO | 6.16 | 74.32% | 🇧🇲 Bermuda |
 Ardmore Shipping
ASC | 3.46 | -2.25% | 🇧🇲 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.