P/E ratio for Nordic American Tankers (NAT)
P/E ratio as of May 2024 (TTM): 7.54
According to Nordic American Tankers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.54386. At the end of 2022 the company had a P/E ratio of 51.0.
P/E ratio history for Nordic American Tankers from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 51.0 | -3178.11% |
| 2021 | -1.66 | -119.1% |
| 2020 | 8.68 | -114.11% |
| 2019 | -61.5 | 1960.25% |
| 2018 | -2.99 | -11.42% |
| 2017 | -3.37 | -100.81% |
| 2016 | 417 | 3386.49% |
| 2015 | 12.0 | -117.94% |
| 2014 | -66.6 | 1064.96% |
| 2013 | -5.72 | -7.84% |
| 2012 | -6.20 | -19.09% |
| 2011 | -7.67 | -99.4% |
| 2010 | < -1000 | -446.93% |
| 2009 | 367 | 3888.89% |
| 2008 | 9.20 | -53.88% |
| 2007 | 19.9 | 34.36% |
| 2006 | 14.8 | 56.51% |
| 2005 | 9.48 | 0.54% |
| 2004 | 9.43 | 85.15% |
| 2003 | 5.09 | -65% |
| 2002 | 14.6 | 114.86% |
| 2001 | 6.78 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 DHT Holdings DHT | 12.6 | 67.16% | 🇧🇲 Bermuda |
 Golar LNG
GLNG | 27.4 | 263.80% | 🇧🇲 Bermuda |
 Teekay Tankers TNK | 4.50 | -40.37% | 🇨🇦 Canada |
 Teekay TK | 5.73 | -24.04% | 🇨🇦 Canada |
 SFL Corp
SFL | 14.9 | 97.87% | 🇧🇲 Bermuda |
 Frontline FRO | 7.57 | 0.40% | 🇧🇲 Bermuda |
 Ardmore Shipping
ASC | 5.03 | -33.37% | 🇧🇲 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.