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MEG Energy (FRA:ME7) Forward PE Ratio : 10.89 (As of Dec. 15, 2024)


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What is MEG Energy Forward PE Ratio?

MEG Energy's Forward PE Ratio for today is 10.89.

MEG Energy's PE Ratio without NRI for today is 11.49.

MEG Energy's PE Ratio (TTM) for today is 12.83.


MEG Energy Forward PE Ratio Historical Data

The historical data trend for MEG Energy'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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MEG Energy Forward PE Ratio Chart

MEG Energy Annual Data
Trend 2018-12 2019-12 2020-03 2021-12 2022-12 2023-12 2024-12
Forward PE Ratio
10.81 102.04 11.98 5.86 8.09 9.09 10.89

MEG Energy Quarterly Data
2018-09 2018-12 2019-03 2019-06 2019-09 2019-12 2020-03 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 2024-06 2024-09 2024-12
Forward PE Ratio 13.12 10.81 58.48 17.64 19.27 102.04 11.98 62.11 23.58 4.97 5.86 5.11 4.27 4.51 8.09 10.95 9.66 10.05 9.09 13.11 11.71 8.67 10.89

Competitive Comparison of MEG Energy's Forward PE Ratio

For the Oil & Gas E&P subindustry, MEG Energy'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.


MEG Energy's Forward PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where MEG Energy's Forward PE Ratio falls into.



MEG Energy 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.


MEG Energy  (FRA:ME7) 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 .


MEG Energy Forward PE Ratio Related Terms

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MEG Energy Business Description

Traded in Other Exchanges
Address
600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5
MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production at its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.

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