Independence Contract Drilling Overview
Latest P/E ratio for Independence Contract Drilling: -0.22 — see history and peer comparisons.
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The P/E ratio compares a company's stock price to its earnings per share. A lower P/E ratio may indicate that the stock is undervalued.
As of the most recent data, ICD shows a P/E ratio of -0.22. That is below the Energy sector average of 19.35. Scroll down for historical charts and peer comparison views.
The Energy sector average P/E ratio is about 19.35. Independence Contract Drilling is at -0.22, which is lower that average. That is roughly 101.1% below the sector mean. Use the comparison chart on this page to see how ICD stacks up against individual peers as well.
Investors watch ICD's P/E ratio because it compresses price and fundamentals into one number that is easy to compare across companies and over time. Independence Contract Drilling's latest reading is -0.22. Combining that with growth, ROE, and debt metrics usually beats relying on a single multiple.
Besides this p/e ratio page, Stockcircle has Independence Contract Drilling's full stock overview, other financial metrics, insider and congress trade tabs, and tools to follow the stock. Together they help you connect P/E ratio (currently -0.22) with ownership activity and broader fundamentals.
The Energy average P/E ratio is about 19.35, while ICD is at -0.22. Typical ranges vary by sub-industry, so always sanity-check against the closest competitors, not just the whole sector bucket.
