GRNT Granite Ridge Resources PE ratio, current and historical analysis
The PE ratio for Granite Ridge Resources stock stands at 17.22 as of Feb 4, 2025. This is based on the current EPS of $0.36 and the stock price of $6.2 per share. An increase of 23% has been recorded in the P/E ratio compared to the average of 14.0 of the last 4 quarters.
GRNT PE ratio history
Over the last four years, the average PE ratio of Granite Ridge Resources has been 13.59. The current 17.22 PE ratio is 27% 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.
Granite Ridge Resources PE ratio by year
Maximum annual increase: 115.5% in 2023
Maximum annual decrease: -61.71% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 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 |
| Jun 2021 | 60.88 | 300.79% | $9.74 | $0.16 |
| Mar 2021 | 15.19 | N/A | $9.72 | $0.64 |
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 | 7.94 | $11.86B |
| GRNT Granite Ridge Resources Inc | 17.22 | $810.61M |
Frequently asked questions
What is Granite Ridge Resources's PE ratio?
GRNT's price to earnings ratio is 17.22 as of Feb 4, 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 9.3.
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 27% 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 (Feb 4, 2025), Granite Ridge Resources's stock price is $6.2. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $0.36. Therefore, Granite Ridge Resources's P/E ratio for today is 17.22. PE RATIO(17.22) = STOCK PRICE($6.2) / TTM EPS($0.36)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.