P/E ratio for Trecora Resources (TREC)
P/E ratio as of April 2024 (TTM): 26.5
According to Trecora Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.5135. At the end of 2021 the company had a P/E ratio of 38.5.
P/E ratio history for Trecora Resources from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 38.5 | |
| 2018 | -78.0 | -527.56% |
| 2017 | 18.2 | 2.74% |
| 2016 | 17.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Phillips 66 PSX | 9.44 | -64.38% | 🇺🇸 USA |
 Exxon Mobil XOM | 12.0 | -54.56% | 🇺🇸 USA |
 Gevo GEVO | -1.39 | -105.23% | 🇺🇸 USA |
 REX American Resources
REX | 38.2 | 44.25% | 🇺🇸 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.