Patterson Uti Energy Stock Price To Earning

PE1 Stock  EUR 8.00  0.05  0.62%   
Patterson UTI Energy fundamentals help investors to digest information that contributes to Patterson-UTI Energy's financial success or failures. It also enables traders to predict the movement of Patterson-UTI Stock. The fundamental analysis module provides a way to measure Patterson-UTI Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Patterson-UTI Energy stock.
  
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Patterson UTI Energy Company Price To Earning Analysis

Patterson-UTI Energy's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

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Market Value Per Share

Earnings Per Share

More About Price To Earning | All Equity Analysis

Current Patterson-UTI Energy Price To Earning

    
  39.23 X  
Most of Patterson-UTI Energy's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Patterson UTI Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Competition

Based on the latest financial disclosure, Patterson UTI Energy has a Price To Earning of 39.23 times. This is 13.97% higher than that of the Energy sector and 119.65% higher than that of the Oil & Gas Drilling industry. The price to earning for all Germany stocks is 36.59% lower than that of the firm.

Patterson-UTI Price To Earning Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Patterson-UTI Energy's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Patterson-UTI Energy could also be used in its relative valuation, which is a method of valuing Patterson-UTI Energy by comparing valuation metrics of similar companies.
Patterson UTI is currently under evaluation in price to earning category among its peers.

Patterson-UTI Fundamentals

About Patterson-UTI Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Patterson UTI Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Patterson-UTI Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Patterson UTI Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Information and Resources on Investing in Patterson-UTI Stock

When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson-UTI Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Patterson-UTI Stock please use our How to Invest in Patterson-UTI Energy guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Please note, there is a significant difference between Patterson-UTI Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson-UTI Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson-UTI Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.