P/E ratio for Trican Well Service (TCW.TO)
P/E ratio as of May 2024 (TTM): 7.80
According to Trican Well Service's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.80218. At the end of 2022 the company had a P/E ratio of 11.1.
P/E ratio history for Trican Well Service from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.1 | -71.97% |
| 2021 | 39.6 | -2125.68% |
| 2020 | -1.95 | -55.45% |
| 2019 | -4.38 | 161.6% |
| 2018 | -1.68 | -97.54% |
| 2017 | -68.0 | 136.52% |
| 2016 | -28.8 | 24876.56% |
| 2015 | -0.1151 | -99.94% |
| 2014 | -186 | 343.43% |
| 2013 | -41.9 | -218.08% |
| 2012 | 35.5 | 368.75% |
| 2011 | 7.56 | -58.68% |
| 2010 | 18.3 | -109.12% |
| 2009 | -201 | 1363.53% |
| 2008 | -13.7 | -167.09% |
| 2007 | 20.5 | 50.01% |
| 2006 | 13.6 | -43.26% |
| 2005 | 24.0 | 16.32% |
| 2004 | 20.7 | 51.42% |
| 2003 | 13.6 | -53.39% |
| 2002 | 29.3 | 194.66% |
| 2001 | 9.94 |
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.