Pason Systems (TSX:PSI) Forward PE Ratio : 12.36 (As of May. 02, 2024)

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What is Pason Systems Forward PE Ratio?

Pason Systems's Forward PE Ratio for today is 12.36.

Pason Systems's PE Ratio without NRI for today is 11.84.

Pason Systems's PE Ratio for today is 13.10.

Pason Systems Forward PE Ratio Historical Data

The historical data trend for Pason Systems'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.

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Pason Systems Forward PE Ratio Chart

Pason Systems Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-08

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

103.09

30.58

19.34

20.20

625.00

17.36

10.88

11.22

12.44

Pason Systems Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	103.09	79.37	294.12	135.14	103.09	120.48	52.36	35.71	30.58	29.50	34.48	27.40	19.34	20.75	21.83	17.99	20.20	13.51	192.31	112.36	63.69	17.45	17.36	20.79	15.75	12.02	10.88	8.51	8.03	10.06	11.22	12.17

Competitive Comparison of Pason Systems's Forward PE Ratio

For the Oil & Gas Equipment & Services subindustry, Pason Systems'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.

Pason Systems's Forward PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pason Systems's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Pason Systems's Forward PE Ratio falls into.

Pason Systems Forward PE Ratio Calculation

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.

Pason Systems (TSX:PSI) 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 .

Pason Systems Forward PE Ratio Related Terms

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Pason Systems (TSX:PSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pason Systems Inc (TSX:PSI) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

PSYTF:USA 3PS:Germany

Address

6130 Third Street SE, Calgary, AB, CAN, T2H 1K4

Website

https://www.pason.com

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management. The company operates in three geographic segments: Canada, the United States, and International (Latin America, Offshore, the Eastern Hemisphere, and the Middle East).