The PE ratio for New Fortress Energy stock stands at 10.02 as of May 3, 2024. This is based on the current EPS of $2.66 and the stock price of $26.66 per share. A decrease of 61% has been seen in the P/E ratio compared to the average of 25.5 of the last 4 quarters.
Over the last three years, the average PE ratio of New Fortress Energy has been 48.8. The current 10.02 PE ratio is 79% below the historical average. Over the past three years, NFE's PE ratio was at its highest in the Sep 2021 quarter at 198.21, with a price of $27.75 and an EPS of $0.14. The Jun 2023 quarter recorded the bottom point at 14.02, with a price of $26.78 and an EPS of $1.91.
Maximum annual decrease: -68.91% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.18 | -68.91% |
| 2022 | 45.61 | -7.43% |
| 2021 | 49.27 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
NFE's current P/E ratio is below the 3 and 5-year averages.
NFE's PE ratio is lower than its peer stocks NJR and OGS.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NFE New Fortress Energy Inc | 10.02 | $5.47B |
| NWN Northwest Natural Holding Co | 14.92 | $1.46B |
| OGS ONE Gas Inc | 15.73 | $3.7B |
| NJR New Jersey Resources Corp | 18.24 | $4.39B |
NFE's price to earnings ratio is 10.02 as of May 3, 2024.
As an average over the last 3 years, NFE stock has a PE ratio of 48.8.
As an average over the last 5 years, NFE stock has a PE ratio of 48.8.
Over the last three years, the quarterly PE ratio reached a historic high of 198.21 in the Sep 2021 quarter.
NFE's current price to earnings ratio is 79% below its 3-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 3, 2024), New Fortress Energy's stock price is $26.66. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.66. Therefore, New Fortress Energy's P/E ratio for today is 10.02. PE RATIO(10.02) = STOCK PRICE($26.66) / TTM EPS($2.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.