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 |
|---|---|---|
| 2021 | 39.3 | -1596.98% |
| 2020 | -2.62 | 52.29% |
| 2019 | -1.72 | -59.28% |
| 2018 | -4.23 | -19.71% |
| 2017 | -5.27 | 16.06% |
| 2016 | -4.54 | -152.4% |
| 2015 | 8.66 | -113.1% |
| 2014 | -66.1 | 123.01% |
| 2013 | -29.6 | 112.34% |
| 2012 | -14.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Tsakos Energy Navigation TNP | 19.0 | 149.02% | 🇬🇷 Greece |
 Golar LNG
GLNG | 2.80 | -63.34% | 🇧🇲 Bermuda |
 Teekay Tankers TNK | 30.0 | 292.67% | 🇨🇦 Canada |
 SFL Corp
SFL | 4.90 | -35.76% | 🇧🇲 Bermuda |
 Nordic American Tankers NAT | 61.7 | 708.23% | 🇧🇲 Bermuda |
 Ardmore Shipping
ASC | 3.63 | -52.37% | 🇧🇲 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.