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GRNT Granite Ridge Resources PE ratio, current and historical analysis

The PE ratio for Granite Ridge Resources stock stands at 14.0 as of Jun 12, 2024. This is based on the current EPS of $0.45 and the stock price of $6.3 per share. An increase of 56% has been recorded in the P/E ratio compared to the average of 9.0 of the last 4 quarters.

GRNT PE ratio history

How has GRNT's PE ratio performed in the past

Over the last four years, the average PE ratio of Granite Ridge Resources has been 13.23. The current 14.0 PE ratio is 6% above the historical average. In the past four years, GRNT's PE ratio was at its highest in the Jun 2021 quarter at 60.88, with a price of $9.74 and an EPS of $0.16. The Mar 2023 quarter recorded the bottom point at 2.94, with a price of $5.87 and an EPS of $2.

Average
13.23
Median
8.33
Minimum
2.94
Maximum
60.88

Granite Ridge Resources PE ratio by year

Maximum annual increase: 115.5% in 2023

Maximum annual decrease: -61.71% in 2022

Year PE ratio Change
2023 9.87 115.5%
2022 4.58 -61.71%
2021 11.96 N/A
2020 N/A N/A
2019 N/A N/A

GRNT average PE ratio chart

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

Currently, GRNT's PE ratio is greater than its 3-year historical average.

3-year avg
13.05
5-year avg
N/A
10-year avg
N/A
15-year avg
N/A

GRNT PE vs peers

What is GRNT's PE ratio compared to its peers

Compared to its peer stock PR, GRNT's PE ratio stands higher.

Stock name PE ratio Market cap
PR Permian Resources Corp 11.77 $11.69B
GRNT Granite Ridge Resources Inc 13.6 $800.15M

Frequently asked questions

What is Granite Ridge Resources's PE ratio?

GRNT's price to earnings ratio is 14 as of Jun 12, 2024.

What is the 3-year average PE ratio for Granite Ridge Resources (GRNT)?

As an average over the last 3 years, GRNT stock has a PE ratio of 13.05.

What is the highest PE ratio for GRNT?

In the last four years, the Jun 2021 quarter recorded the highest quarterly PE ratio at 60.88.

How does the current PE ratio for GRNT compare to its historical average?

GRNT's current price to earnings ratio is 6% above its 4-year historical average.

How is GRNT's PE ratio calculated (Granite Ridge Resources PE ratio formula)?

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 (Jun 12, 2024), Granite Ridge Resources's stock price is $6.3. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.45. Therefore, Granite Ridge Resources's P/E ratio for today is 14. PE RATIO(14) = STOCK PRICE($6.3) / TTM EPS($0.45)

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