Teekay
TK
#5389
Rank
$0.56 B
Marketcap
$5.88
Share price
2.80%
Change (1 day)
71.93%
Change (1 year)

P/E ratio for Teekay (TK)

P/E ratio as of June 2023 (TTM): 7.63

According to Teekay's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.62987. At the end of 2021 the company had a P/E ratio of 39.3.

P/E ratio history for Teekay from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202139.3-1596.98%
2020-2.6252.29%
2019-1.72-59.28%
2018-4.23-19.71%
2017-5.2716.06%
2016-4.54-152.4%
20158.66-113.1%
2014-66.1123.01%
2013-29.6112.34%
2012-14.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
19.0 149.02%๐Ÿ‡ฌ๐Ÿ‡ท Greece
2.80-63.34%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
30.0 292.67%๐Ÿ‡จ๐Ÿ‡ฆ Canada
4.90-35.76%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
61.7 708.23%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda
3.63-52.37%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.