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.
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.
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% |
The current PE ratio of PTEN is under its 10-year average.
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 |
The price to earnings ratio for PTEN stock as of Sep 28, 2023, stands at 8.93.
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 88% below its 10-year historical average.
PTEN's PE ratio of 8.93 is considered low because the company's stock price is trading at a lower multiple of earnings.
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.