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TNK Teekay Tankers PE ratio, current and historical analysis

The PE ratio for Teekay Tankers stock stands at 4.58 as of Jun 14, 2024. This is calculated based on the current EPS of $14.31 and the stock price of $65.61 per share. An increase of 48% has been seen in the P/E ratio compared to the average of 3.1 of the last 4 quarters.

TNK PE ratio history

How has TNK's PE ratio performed in the past

Over the last ten years, the average PE ratio of Teekay Tankers has been 6.41. The current 4.58 PE ratio is 29% 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.

Average
6.41
Median
5.02
Minimum
1.63
Maximum
22.03

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

What is the average PE ratio of TNK for the past years

Currently, TNK's PE ratio is below the 3, 5 and 10-year averages.

3-year avg
6.08
5-year avg
6.27
10-year avg
6.41
15-year avg
12.65

TNK PE vs peers

What is TNK's PE ratio compared to its peers

TNK's PE ratio is lower than its peer stocks DHT and ASC.

Stock name PE ratio Market cap
TNK Teekay Tankers Ltd 4.58 $2.24B
TK Teekay Corp 5.19 $793.57M
ASC Ardmore Shipping Corp 7.9 $860.12M
DHT DHT Holdings Inc 10.68 $1.81B
KNOP KNOT Offshore Partners LP N/A $230.14M

Frequently asked questions

What is Teekay Tankers's PE ratio?

TNK stock has a price to earnings ratio of 4.58 as of Jun 14, 2024.

What is the 3-year average PE ratio for Teekay Tankers (TNK)?

The 3-year average PE ratio for TNK stock is 6.08.

What is the 5-year average PE ratio for Teekay Tankers (TNK)?

The 5-year average PE ratio for TNK stock is 6.27.

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 29% 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 (Jun 14, 2024), Teekay Tankers's stock price is $65.61. 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 4.58. PE RATIO(4.58) = STOCK PRICE($65.61) / TTM EPS($14.31)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.