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PTEN Patterson Uti Energy PE ratio, current and historical analysis

As of Sep 28, 2023, the Patterson Uti Energy stock's PE ratio is 8.93. This takes into account the latest EPS of $1.63 and stock price of $14.56.

PTEN PE ratio history

How has PTEN's PE ratio performed in the past

The PE ratio of Patterson Uti Energy has averaged 76.59 over the last ten years. The current price-to-earnings ratio of 8.93 is 88% 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 increase: 106.41% in 2013

Maximum annual decrease: -24.55% in 2014

Year PE ratio Change
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%
2013 19.63 106.41%

PTEN average PE ratio chart

What is the average PE ratio of PTEN for the past years

The current PE ratio of PTEN is under its 10-year average.

3-year avg
5-year avg
10-year avg
15-year avg

PTEN PE vs peers

What is PTEN's PE ratio compared to its peers

PTEN's PE ratio is below its peer stock HP.

Stock name PE ratio Market cap
PTEN Patterson Uti Energy Inc 8.53 $2.89B
HP Helmerich & Payne Inc 11.04 $4.19B
NBR Nabors Industries Ltd N/A $1.17B
RIG Transocean Ltd N/A $6.34B

Frequently asked questions

What is Patterson Uti Energy's PE ratio?

The price to earnings ratio for PTEN stock as of Sep 28, 2023, stands at 8.93.

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 88% below its 10-year historical average.

Why is Patterson Uti Energy's PE ratio so low?

PTEN's PE ratio of 8.93 is considered low because the company's stock price is trading at a lower multiple of earnings.

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 28, 2023), Patterson Uti Energy's share price is $14.56. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $1.63. Therefore, Patterson Uti Energy's price to earnings ratio for today is 8.93. PE RATIO(8.93) = STOCK PRICE($14.56) / TTM EPS($1.63)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.