The PE ratio for Granite Ridge Resources stock stands at 15.22 as of Jul 25, 2024. This is based on the current EPS of $0.45 and the stock price of $6.85 per share. An increase of 69% has been recorded in the P/E ratio compared to the average of 9.0 of the last 4 quarters.
Over the last four years, the average PE ratio of Granite Ridge Resources has been 13.23. The current 15.22 PE ratio is 15% 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.
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 |
Currently, GRNT's PE ratio is greater than its 3-year historical average.
Compared to its peer stock PR, GRNT's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PR Permian Resources Corp | 11.87 | $11.79B |
| GRNT Granite Ridge Resources Inc | 15.04 | $885.14M |
GRNT's price to earnings ratio is 15.22 as of Jul 25, 2024.
As an average over the last 3 years, GRNT stock has a PE ratio of 8.27.
In the last four years, the Jun 2021 quarter recorded the highest quarterly PE ratio at 60.88.
GRNT's current price to earnings ratio is 15% above its 4-year historical average.
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 (Jul 25, 2024), Granite Ridge Resources's stock price is $6.85. 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 15.22. PE RATIO(15.22) = STOCK PRICE($6.85) / TTM EPS($0.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.