Transocean
RIG
#2628
Rank
$5.07 B
Marketcap
$6.27
Share price
0.32%
Change (1 day)
1.13%
Change (1 year)

P/E ratio for Transocean (RIG)

P/E ratio as of March 2024 (TTM): -3.81

According to Transocean's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.81098. At the end of 2022 the company had a P/E ratio of -5.07.

P/E ratio history for Transocean from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-5.0770.72%
2021-2.9719.48%
2020-2.48-25.99%
2019-3.36104.56%
2018-1.6422.74%
2017-1.34-119.32%
20166.9219.62%
20155.79-267.27%
2014-3.46-127.01%
201312.8-118.06%
2012-70.93207.16%
2011-2.14-108.91%
201024.1187%
20098.38121.89%
20083.78-70.14%
200712.6-50.63%
200625.6-43.47%
200545.3-49.14%
200489.1-84.42%
2003572-20263.57%
2002-2.84-104.81%
200159.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.1-390.08%๐Ÿ‡บ๐Ÿ‡ธ USA
7.44-295.18%๐Ÿ‡บ๐Ÿ‡ธ USA
-9.33 144.76%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.