Transocean
RIG
#3400
Rank
$2.43 B
Marketcap
$3.45
Share price
0.29%
Change (1 day)
-0.29%
Change (1 year)
Categories

P/E ratio for Transocean (RIG)

P/E ratio as of August 2022 (TTM): -4.37

According to Transocean's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.36709. At the end of 2015 the company had a P/E ratio of 5.79.

P/E ratio history for Transocean from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20155.79-267.27%
2014-3.46-127.01%
201312.8-115.48%
2012-82.7

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.