Nine Energy Service P/E Ratio

Nine Energy Service posts a P/E ratio of 1.66. That is below the Energy sector average of 20.06. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

For Energy stocks, a P/E ratio near 20.06 is typical. Nine Energy Service's 1.66 is lower that level. That is roughly 91.7% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Nine Energy Service's P/E ratio of 1.66 comes from dividing a price-based measure by a related financial statistic. Changes can come from the stock price moving, the underlying fundamental shifting, or both. Track both the level and the trend — a rising multiple on falling fundamentals is a different story than a rising multiple on rising earnings.

Context for NINE's P/E ratio usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 20.06), and (3) consistency with growth and profitability. This page covers the first two; Nine Energy Service's other metric pages and overview cover the third.

Judging Nine Energy Service against Energy peers is usually better than using a market-wide rule of thumb. Business models inside Energy are more comparable, which makes gaps in P/E ratio easier to interpret. Start with 1.66 here, then scan peer and history charts to see if the gap is persistent.