REI Ring Energy PE ratio, current and historical analysis
As at Oct 22, 2024, the REI stock has a price-to-earnings ratio of 4.22. This is based on the current EPS of $0.36 and the stock price of $1.52 per share. A decrease of 13% has been recorded in the PE ratio compared to the average of 4.9 of the last four quarters.
REI PE ratio history
The mean historical PE ratio of Ring Energy over the last ten years is 53.58. The current 4.22 P/E ratio is 92% lower than the historical average. In the past ten years, REI's PE ratio peaked in the Dec 2017 quarter at 463.33, with a price of $13.9 and an EPS of $0.03. The Mar 2020 quarter marked the lowest point at 0.65, with a price of $0.66 and an EPS of $1.01.
Ring Energy PE ratio by year
Maximum annual increase: 22.69% in 2023
Maximum annual decrease: -97.16% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 2.65 | 22.69% |
| 2022 | 2.16 | -97.16% |
| 2021 | 76 | N/A |
| 2020 | N/A | N/A |
| 2019 | 6 | -82.29% |
| 2018 | 33.87 | -92.69% |
| 2017 | 463.33 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 30.88 | N/A |
REI average PE ratio chart
REI's current P/E ratio is lower than the 3, 5 and 10-year averages.
Frequently asked questions
What is Ring Energy's PE ratio?
REI stock has a price to earnings ratio of 4.22 as of Oct 22, 2024.
What is the 3-year average PE ratio for Ring Energy (REI)?
The 3-year average price to earnings ratio for REI stock is 10.82.
What is the 5-year average PE ratio for Ring Energy (REI)?
The 5-year average price to earnings ratio for REI stock is 9.67.
What is the highest PE ratio for REI?
The highest quarterly PE ratio in the last ten years has been 463.33 and it was in the Dec 2017 quarter.
How does the current PE ratio for REI compare to its historical average?
REI's current price to earnings ratio is 92% below its 10-year historical average.
Why is Ring Energy's PE ratio so low?
REI's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 4.22 is considered low.
How is REI's PE ratio calculated (Ring Energy PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Oct 22, 2024), Ring Energy's stock price is $1.52. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $0.36. Therefore, Ring Energy's PE ratio for today is 4.22. PE RATIO(4.22) = STOCK PRICE($1.52) / TTM EPS($0.36)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.