The PE ratio for Teekay Tankers stock stands at 5.05 as of May 16, 2024. This is calculated based on the current EPS of $14.31 and the stock price of $72.24 per share. An increase of 63% has been seen in the P/E ratio compared to the average of 3.1 of the last 4 quarters.
Over the last ten years, the average PE ratio of Teekay Tankers has been 6.41. The current 5.05 PE ratio is 21% 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.
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 |
Currently, TNK's PE ratio is below the 3, 5 and 10-year averages.
TNK's PE ratio is lower than its peer stocks DHT and ASC.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TNK Teekay Tankers Ltd | 5.05 | $2.47B |
| TK Teekay Corp | 5.45 | $833.62M |
| ASC Ardmore Shipping Corp | 8.58 | $933.35M |
| DHT DHT Holdings Inc | 12.04 | $2.04B |
| KNOP KNOT Offshore Partners LP | N/A | $182.48M |
TNK stock has a price to earnings ratio of 5.05 as of May 16, 2024.
The 3-year average PE ratio for TNK stock is 6.08.
The 5-year average PE ratio for TNK stock is 6.27.
In the last ten years, the Sep 2022 quarter recorded the highest quarterly PE ratio at 22.03.
The current price to earnings ratio of TNK is 21% lower than the 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (May 16, 2024), Teekay Tankers's stock price is $72.24. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $14.31. Therefore, Teekay Tankers's P/E ratio for today is 5.05. PE RATIO(5.05) = STOCK PRICE($72.24) / TTM EPS($14.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.