P/E ratio for Viper Energy Partners (VNOM)
P/E ratio as of May 2024 (TTM): 16.6
According to Viper Energy Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.625. At the end of 2022 the company had a P/E ratio of 15.8.
P/E ratio history for Viper Energy Partners from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.8 | -42.11% |
| 2021 | 27.3 | -767.73% |
| 2020 | -4.09 | -113.44% |
| 2019 | 30.4 | 108.11% |
| 2018 | 14.6 | -33.53% |
| 2017 | 22.0 | -122.01% |
| 2016 | -100 | -314.9% |
| 2015 | 46.5 | -12.59% |
| 2014 | 53.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Occidental Petroleum OXY | 9.82 | -40.92% | 🇺🇸 USA |
 Canadian Natural Resources CNQ | 14.9 | -10.15% | 🇨🇦 Canada |
 Callon Petroleum CPE | 2.36 | -85.82% | 🇺🇸 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.