The PE ratio for New Fortress Energy stock stands at 9.17 as of Jul 26, 2024. This is based on the current EPS of $2.2 and the stock price of $20.17 per share. A decrease of 38% has been seen in the P/E ratio compared to the average of 14.8 of the last 4 quarters.
Over the last three years, the average PE ratio of New Fortress Energy has been 45.62. The current 9.17 PE ratio is 80% 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 Mar 2024 quarter recorded the bottom point at 13.9, with a price of $30.59 and an EPS of $2.2.
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 NI and NJR.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NFE New Fortress Energy Inc | 9.17 | $4.14B |
| NJR New Jersey Resources Corp | 18.5 | $4.64B |
| NI Nisource Inc | 19.58 | $14.05B |
NFE's price to earnings ratio is 9.17 as of Jul 26, 2024.
As an average over the last 3 years, NFE stock has a PE ratio of 45.62.
As an average over the last 5 years, NFE stock has a PE ratio of 45.62.
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 80% below its 3-year historical average.
NFE's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 9.17 is considered low.
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 (Jul 26, 2024), New Fortress Energy's stock price is $20.17. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.2. Therefore, New Fortress Energy's P/E ratio for today is 9.17. PE RATIO(9.17) = STOCK PRICE($20.17) / TTM EPS($2.2)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.