P/E ratio for Tetra Technologies (TTI)
P/E ratio as of April 2024 (TTM): 20.4
According to Tetra Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.3864. At the end of 2022 the company had a P/E ratio of 55.7.
P/E ratio history for Tetra Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.7 | 1509.02% |
| 2021 | 3.46 | -260.89% |
| 2020 | -2.15 | 30.54% |
| 2019 | -1.65 | -48.04% |
| 2018 | -3.17 | -74.76% |
| 2017 | -12.6 | 380.34% |
| 2016 | -2.61 | -44.72% |
| 2015 | -4.73 | 52.93% |
| 2014 | -3.09 | -100.3% |
| 2013 | > 1000 | 2758.62% |
| 2012 | 36.1 | -76.78% |
| 2011 | 156 | -860.63% |
| 2010 | -20.5 | -269.93% |
| 2009 | 12.0 | -139.65% |
| 2008 | -30.4 | -176.08% |
| 2007 | 39.9 | 121.62% |
| 2006 | 18.0 | -34.48% |
| 2005 | 27.5 | -32.96% |
| 2004 | 41.0 | 37.05% |
| 2003 | 29.9 | 0.79% |
| 2002 | 29.7 | 139.16% |
| 2001 | 12.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Halliburton HAL | 13.2 | -35.27% | 🇺🇸 USA |
 Schlumberger SLB | 17.0 | -16.64% | 🇺🇸 USA |
 Oceaneering International
OII | 30.2 | 48.25% | 🇺🇸 USA |
 RPC RES | 7.19 | -64.74% | 🇺🇸 USA |
 Helix Energy Solutions HLX | 79.1 | 288.21% | 🇺🇸 USA |
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.