As of Jul 25, 2024, the Patterson Uti Energy stock's PE ratio is 16.57. This takes into account the latest EPS of $0.63 and stock price of $10.44. The PE ratio has grown by 36% from its last 4 quarters average of 12.2.
The PE ratio of Patterson Uti Energy has averaged 78.67 over the last ten years. The current price-to-earnings ratio of 16.57 is 79% less than the historical average. Analyzing the last ten years, PTEN's PE ratio reached its highest point in the Dec 2017 quarter at 767, when the price was $23.01 and the EPS was $0.03. The lowest point was recorded in the Jun 2023 quarter, when it reached 7.34 with a price of $11.97 and an EPS of $1.63.
Maximum annual decrease: -47.54% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.27 | -47.54% |
| 2022 | 23.39 | N/A |
| 2021 | N/A | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | 767 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 14.81 | -24.55% |
The current PE ratio of PTEN is above its 3 and 5-year averages, but it is under its 10-year average.
PTEN's PE ratio is above its peer stock HP.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HP Helmerich & Payne Inc | 11.55 | $3.96B |
| PTEN Patterson Uti Energy Inc | 16.56 | $4.19B |
| NBR Nabors Industries Ltd | N/A | $970.62M |
| RIG Transocean Ltd | N/A | $4.75B |
The price to earnings ratio for PTEN stock as of Jul 25, 2024, stands at 16.57.
The 3-year average PE ratio for PTEN stock is 13.51.
The 5-year average PE ratio for PTEN stock is 13.51.
The highest quarterly PE ratio in the last ten years has been 767 and it was in the Dec 2017 quarter.
PTEN's price to earnings ratio is currently 79% below its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Patterson Uti Energy's share price is $10.44. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.63. Therefore, Patterson Uti Energy's price to earnings ratio for today is 16.57. PE RATIO(16.57) = STOCK PRICE($10.44) / TTM EPS($0.63)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.