GRNT Granite Ridge Resources PE ratio, current and historical analysis
- Stocks
- Energy
- NYSE: GRNT
- PE Ratio
The PE ratio for Granite Ridge Resources stock stands at 72.44 as of Jun 27, 2025. This is based on the current EPS of $0.09 and the stock price of $6.52 per share. An increase of 99% has been recorded in the P/E ratio compared to the average of 36.3 of the last 4 quarters.
GRNT PE ratio history
Over the last five years, the average PE ratio of Granite Ridge Resources has been 19.0. The current 72.44 PE ratio is comparable to the historical average. In the past five years, GRNT's PE ratio was at its highest in the Mar 2025 quarter at 67.56, with a price of $6.08 and an EPS of $0.09. The Mar 2023 quarter recorded the bottom point at 2.94, with a price of $5.87 and an EPS of $2.
Granite Ridge Resources PE ratio by year
Maximum annual increase: 367.48% in 2024
Maximum annual decrease: -61.71% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 46.14 | 367.48% | $6.46 | $0.14 |
| 2023 | 9.87 | 115.5% | $6.02 | $0.61 |
| 2022 | 4.58 | -61.71% | $9.03 | $1.97 |
| 2021 | 11.96 | N/A | $9.81 | $0.82 |
| 2020 | N/A | N/A | $10.01 | -$0.18 |
| 2019 | N/A | N/A | N/A | N/A |
Granite Ridge Resources PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 67.56 | 46.42% | $6.08 | $0.09 |
| Dec 2024 | 46.14 | 179.64% | $6.46 | $0.14 |
| Sep 2024 | 16.5 | 9.49% | $5.94 | $0.36 |
| Jun 2024 | 15.07 | 4.36% | $6.33 | $0.42 |
| Mar 2024 | 14.44 | 46.3% | $6.5 | $0.45 |
| Dec 2023 | 9.87 | 45.58% | $6.02 | $0.61 |
| Sep 2023 | 6.78 | 40.08% | $6.1 | $0.9 |
| Jun 2023 | 4.84 | 64.63% | $6.63 | $1.37 |
| Mar 2023 | 2.94 | -35.81% | $5.87 | $2 |
| Dec 2022 | 4.58 | 7.01% | $9.03 | $1.97 |
| Sep 2022 | 4.28 | -25.04% | $9.98 | $2.33 |
| Jun 2022 | 5.71 | -66.96% | $9.99 | $1.75 |
| Mar 2022 | 17.28 | 44.48% | $9.85 | $0.57 |
| Dec 2021 | 11.96 | N/A | $9.81 | $0.82 |
| Sep 2021 | N/A | N/A | $9.82 | $0 |
GRNT Price vs fair value
GRNT average PE ratio chart
Currently, GRNT's PE ratio is greater than its 3-year historical average.
GRNT PE vs peers
Compared to its peer stock PR, GRNT's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PR Permian Resources Corp | 8.04 | $10.99B |
| GRNT Granite Ridge Resources Inc | 72.44 | $854.86M |
Frequently asked questions
What is Granite Ridge Resources's PE ratio?
GRNT's price to earnings ratio is 72.44 as of Jun 27, 2025.
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 16.56.
What is the highest PE ratio for GRNT?
The current P/E of 72.44 represents the highest historical value in the last five years.
How does the current PE ratio for GRNT compare to its historical average?
GRNT's current price to earnings ratio is 281% above its 5-year historical average.
Why is Granite Ridge Resources's PE ratio so high?
GRNT's PE ratio is high because the stock price is relatively expensive compared to the earnings generated by the company.
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 27, 2025), Granite Ridge Resources's stock price is $6.52. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $0.09. Therefore, Granite Ridge Resources's P/E ratio for today is 72.44. PE RATIO(72.44) = STOCK PRICE($6.52) / TTM EPS($0.09)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.