ChampionX
CHX
#2445
Rank
โ‚น505.97 B
Marketcap
โ‚น2,656
Share price
2.41%
Change (1 day)
7.58%
Change (1 year)

P/E ratio for ChampionX (CHX)

P/E ratio as of November 2024 (TTM): 20.3

According to ChampionX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.3355. At the end of 2022 the company had a P/E ratio of 38.1.

P/E ratio history for ChampionX from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202238.15.7%
202136.1-2331.4%
2020-1.62-103.4%
201947.6114.48%
201822.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
34.4 69.19%๐Ÿ‡บ๐Ÿ‡ธ USA
38.2 87.80%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.