P/E ratio for Tourmaline Oil (TOU.TO)
P/E ratio as of April 2024 (TTM): 21.3
According to Tourmaline Oil 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.2934. At the end of 2022 the company had a P/E ratio of 5.13.
P/E ratio history for Tourmaline Oil from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.13 | -18.55% |
| 2021 | 6.29 | -16.76% |
| 2020 | 7.56 | -41.39% |
| 2019 | 12.9 | 11.66% |
| 2018 | 11.6 | -34.59% |
| 2017 | 17.7 | -106.88% |
| 2016 | -257 | -524.63% |
| 2015 | 60.4 | 283.97% |
| 2014 | 15.7 | -71.49% |
| 2013 | 55.2 | -81.47% |
| 2012 | 298 | 224.28% |
| 2011 | 91.8 | -74.73% |
| 2010 | 363 |
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.