The current PE ratio for Teekay stock as of May 8, 2024 is 5.07. This is calculated based on the current EPS of $1.59 and the stock price of $8.06 per share. The P/E ratio has an increase of 19% from the past four quarters average of 4.3.
The average historical PE ratio of Teekay for the last nine years is 25.26. The current PE ratio of 5.07 is 80% below the historical average. Over the past nine years, TK's PE ratio was at its highest in the Sep 2015 quarter at 70.57, when the stock price was $29.64 and the EPS was $0.42. The lowest value was in the Jun 2023 quarter, when it reached 3.71 with a price of $6.04 and an EPS of $1.63.
Maximum annual decrease: -84.97% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 4.5 | -23.73% |
| 2022 | 5.9 | -84.97% |
| 2021 | 39.25 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | 8.73 | N/A |
| 2014 | N/A | N/A |
TK's current P/E ratio is below the 3, 5 and 10-year averages.
Compared to its peer ASC, TK's PE ratio stands lower, however it is higher than TNK's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TNK Teekay Tankers Ltd | 4.61 | $2.36B |
| TK Teekay Corp | 5.45 | $788.11M |
| ASC Ardmore Shipping Corp | 7.77 | $845.23M |
As of May 8, 2024, TK stock has a price to earnings ratio of 5.07.
As an average over the last 3 years, TK stock has a PE ratio of 17.54.
As an average over the last 5 years, TK stock has a PE ratio of 17.54.
In the last nine years, the Sep 2015 quarter recorded the highest quarterly PE ratio at 70.57.
The current price to earnings ratio of TK is 80% lower than the 9-year historical average.
TK's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 5.07 is considered low.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 8, 2024), Teekay's stock price is $8.06. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.59. Therefore, Teekay's P/E ratio for today is 5.07. PE RATIO(5.07) = STOCK PRICE($8.06) / TTM EPS($1.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.