PTEN Patterson Uti Energy PE ratio, current and historical analysis
As of Sep 9, 2024, the Patterson Uti Energy stock's PE ratio is 32.52. This takes into account the latest EPS of $0.25 and stock price of $8.13. The PE ratio has grown by 57% from its last 4 quarters average of 20.7.
PTEN PE ratio history
The PE ratio of Patterson Uti Energy has averaged 76.19 over the last ten years. The current price-to-earnings ratio of 32.52 is 57% 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.
Patterson Uti Energy PE ratio by year
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% |
PTEN average PE ratio chart
The current PE ratio of PTEN is above its 3 and 5-year averages, but it is under its 10-year average.
PTEN PE vs peers
PTEN's PE ratio is above its peer stock HP.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HP Helmerich & Payne Inc | 8.9 | $3.05B |
| PTEN Patterson Uti Energy Inc | 32.52 | $3.2B |
| NBR Nabors Industries Ltd | N/A | $648.26M |
| RIG Transocean Ltd | N/A | $3.64B |
Frequently asked questions
What is Patterson Uti Energy's PE ratio?
The price to earnings ratio for PTEN stock as of Sep 9, 2024, stands at 32.52.
What is the 3-year average PE ratio for Patterson Uti Energy (PTEN)?
The 3-year average PE ratio for PTEN stock is 17.5.
What is the 5-year average PE ratio for Patterson Uti Energy (PTEN)?
The 5-year average PE ratio for PTEN stock is 17.5.
What is the highest PE ratio for PTEN?
The highest quarterly PE ratio in the last ten years has been 767 and it was in the Dec 2017 quarter.
How does the current PE ratio for PTEN compare to its historical average?
PTEN's price to earnings ratio is currently 57% below its 10-year historical average.
How is PTEN's PE ratio calculated (Patterson Uti Energy PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Sep 9, 2024), Patterson Uti Energy's share price is $8.13. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $0.25. Therefore, Patterson Uti Energy's price to earnings ratio for today is 32.52. PE RATIO(32.52) = STOCK PRICE($8.13) / TTM EPS($0.25)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.