P/E ratio for Tethys Oil (TETY.ST)
P/E ratio as of May 2024 (TTM): 2.19
According to Tethys Oil's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.19178. At the end of 2022 the company had a P/E ratio of 3.27.
P/E ratio history for Tethys Oil from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.27 | -76.27% |
| 2021 | 13.8 | -79.37% |
| 2020 | 66.8 | 735.23% |
| 2019 | 7.99 | 95.55% |
| 2018 | 4.09 | -50.68% |
| 2017 | 8.29 | -92.35% |
| 2016 | 108 | 962.07% |
| 2015 | 10.2 | 66.9% |
| 2014 | 6.11 | -39.6% |
| 2013 | 10.1 | 65.68% |
| 2012 | 6.11 | -70.93% |
| 2011 | 21.0 | -11.35% |
| 2010 | 23.7 | -301.66% |
| 2009 | -11.8 | 13.06% |
| 2008 | -10.4 |
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.