The PE ratio for Granite Ridge Resources stock stands at 10.46 as of May 2, 2024. This is based on the current EPS of $0.61 and the stock price of $6.38 per share. An increase of 71% has been recorded in the P/E ratio compared to the average of 6.1 of the last 4 quarters.
Over the last four years, the average PE ratio of Granite Ridge Resources has been 13.12. The current 10.46 PE ratio is 20% below 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 lower than the 3-year average.
Compared to its peer stock PR, GRNT's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GRNT Granite Ridge Resources Inc | 10.57 | $841.4M |
| PR Permian Resources Corp | 12.45 | $13.07B |
GRNT's price to earnings ratio is 10.46 as of May 2, 2024.
As an average over the last 3 years, GRNT stock has a PE ratio of 12.91.
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 20% below 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 (May 2, 2024), Granite Ridge Resources's stock price is $6.38. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.61. Therefore, Granite Ridge Resources's P/E ratio for today is 10.46. PE RATIO(10.46) = STOCK PRICE($6.38) / TTM EPS($0.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.