P/E ratio for Par Pacific Holdings (PARR)
P/E ratio as of May 2024 (TTM): 2.78
According to Par Pacific Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.78303. At the end of 2022 the company had a P/E ratio of 3.81.
P/E ratio history for Par Pacific Holdings from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.81 | -133.92% |
| 2021 | -11.2 | 516.25% |
| 2020 | -1.82 | -106.42% |
| 2019 | 28.3 | 69.89% |
| 2018 | 16.7 | 35.85% |
| 2017 | 12.3 | -197.13% |
| 2016 | -12.6 | -46.24% |
| 2015 | -23.5 | 102.07% |
| 2014 | -11.6 | 56.7% |
| 2013 | -7.43 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Cimarex Energy
XEC | N/A | N/A | 🇺🇸 USA |
 PDC Energy
PDCE | 3.65 | 31.11% | 🇺🇸 USA |
 SandRidge Energy
SD | 2.48 | -10.87% | 🇺🇸 USA |
 Vaalco Energy
EGY | 16.2 | 483.42% | 🇺🇸 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.