TNK Teekay Tankers PE ratio, current and historical analysis
The PE ratio for Teekay Tankers stock stands at 3.4 as of Nov 21, 2024. This is calculated based on the current EPS of $12.31 and the stock price of $41.86 per share. A decrease of 22% has been seen in the P/E ratio compared to the average of 4.4 of the last 4 quarters.
TNK PE ratio history
Over the last ten years, the average PE ratio of Teekay Tankers has been 6.09. The current 3.4 PE ratio is 44% below the historical average. Over the past ten years, TNK's PE ratio was at its highest in the Sep 2022 quarter at 22.03, with a price of $27.54 and an EPS of $1.25. The Sep 2020 quarter recorded the bottom point at 1.63, with a price of $10.84 and an EPS of $6.64.
Teekay Tankers PE ratio by year
Maximum annual increase: 3.48% in 2016
Maximum annual decrease: -78.19% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 3.32 | -27.35% |
| 2022 | 4.57 | N/A |
| 2021 | N/A | N/A |
| 2020 | 4.25 | -78.19% |
| 2019 | 19.49 | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | 5.65 | 3.48% |
| 2015 | 5.46 | -27.68% |
| 2014 | 7.55 | N/A |
TNK average PE ratio chart
Currently, TNK's PE ratio is below the 3, 5 and 10-year averages.
TNK PE vs peers
TNK's PE ratio is lower than its peer stocks DHT and TK, but it is greater than ASC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ASC Ardmore Shipping Corp | 3.3 | $500.99M |
| TNK Teekay Tankers Ltd | 3.4 | $1.43B |
| TK Teekay Corp | 5.1 | $718.95M |
| DHT DHT Holdings Inc | 10.37 | $1.67B |
| KNOP KNOT Offshore Partners LP | N/A | $211.76M |
Frequently asked questions
What is Teekay Tankers's PE ratio?
TNK stock has a price to earnings ratio of 3.4 as of Nov 21, 2024.
What is the 3-year average PE ratio for Teekay Tankers (TNK)?
The 3-year average PE ratio for TNK stock is 5.84.
What is the 5-year average PE ratio for Teekay Tankers (TNK)?
The 5-year average PE ratio for TNK stock is 6.09.
What is the highest PE ratio for TNK?
In the last ten years, the Sep 2022 quarter recorded the highest quarterly PE ratio at 22.03.
How does the current PE ratio for TNK compare to its historical average?
The current price to earnings ratio of TNK is 44% lower than the 10-year historical average.
Why is Teekay Tankers's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is TNK's PE ratio calculated (Teekay Tankers PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Nov 21, 2024), Teekay Tankers's stock price is $41.86. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $12.31. Therefore, Teekay Tankers's P/E ratio for today is 3.4. PE RATIO(3.4) = STOCK PRICE($41.86) / TTM EPS($12.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.