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Patterson-UTI Energy's Forward PE Ratio for today is 10.12.
Patterson-UTI Energy's PE Ratio without NRI for today is 11.18.
Patterson-UTI Energy's PE Ratio for today is 16.48.
The historical data trend for Patterson-UTI Energy's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Patterson-UTI Energy Annual Data | |||||||||||
Trend | 2017-09 | 2018-10 | 2022-12 | 2023-12 | 2024-05 | ||||||
Forward PE Ratio | 357.14 | 188.68 | 8.30 | 5.76 | 10.96 |
Patterson-UTI Energy Quarterly Data | |||||||
2022-09 | 2022-12 | 2023-03 | 2023-06 | 2023-09 | 2023-12 | 2024-03 | |
Forward PE Ratio | 14.16 | 8.30 | 6.80 | 6.82 | 5.89 | 5.76 | 19.53 |
For the Oil & Gas Drilling subindustry, Patterson-UTI Energy's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Patterson-UTI Energy (NAS:PTEN) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Thank you for viewing the detailed overview of Patterson-UTI Energy's Forward PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tiffany Thom Cepak | director | C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064 |
Charles Andrew Smith | officer: EVP & Chief Financial Officer | 13627 COMELY LANE, HOUSTON TX 77079 |
Seth David Wexler | officer: GENERAL COUNSEL AND SECRETARY | 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067 |
James Carl Stewart | director | 1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056 |
James Michael Holcomb | officer: President-Drilling Subsidiary | 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067 |
Amy H Nelson | director | 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
Drummond Robert Wayne Jr | director | 1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010 |
Leslie Ann Beyer | director | C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705 |
Gary M. Halverson | director | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
Matthew Gillard | officer: President-Completions | 3990 ROGERDALE RD., HOUSTON TX 77042 |
Blackstone Management Associates Vii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Bcp Vii/bep Ii Holdings Manager L.l.c. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Energy Management Associates Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Bep Diamond Aggregator L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Ema Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
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