Tethys Oil AB (publ)
TETY
Rank in Stocks
#17897
Tethys Oil AB (publ) is an energy company primarily engaged in the discovery... Tethys Oil AB (publ) is an energy company primarily engaged in the discovery and extraction of crude oil and natural gas. Its asset portfolio includes a 50% stake in Block 49, which covers approximately 15,439 square kilometers. The company also holds a 30% interest in Blocks 3&4, boasting net working interests of 26,174 thousand barrels of oil (mbo) in proven and probable reserves, along with 15,600 mbo in 2C contingent resources. Additionally, it possesses a 65% share in Block 56, an area of about 5,808 square kilometers located in the southeastern region of the Sultanate of Oman. Furthermore, Tethys Oil fully owns Block 58, spanning approximately 4,557 square kilometers within the Dhofar Governorate in southern Oman. Founded in 2001, Tethys Oil AB (publ) is headquartered in Stockholm, Sweden.
Share Price
$6.50
Last synced: 2025-01-10
Market Cap
$209.77M
Change (1 day)
23.99%
Change (1 year)
-0.51%
Country
SE
Trade Tethys Oil AB (publ) (TETY)
Category
Energy
P/E ratio for Tethys Oil AB (publ) (TETY)
P/E ratio as of October 2026 TTM: -11.51
According to Tethys Oil AB (publ) latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -11.51. At the end of 2022 the company had a P/E ratio of 3.23.
P/E ratio history for Tethys Oil AB (publ) from 2008 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | -11.51 | 37.99% |
| 2023 | -8.34 | -358.69% |
| 2022 | 3.23 | -75.93% |
| 2021 | 13.40 | -77.75% |
| 2020 | 60.21 | 650.37% |
| 2019 | 8.02 | 94.20% |
| 2018 | 4.13 | -49.98% |
| 2017 | 8.26 | -92.46% |
| 2016 | 109.52 | 987.51% |
| 2015 | 10.07 | 63.87% |
| 2014 | 6.15 | -38.05% |
| 2013 | 9.92 | 63.08% |
| 2012 | 6.08 | -70.60% |
| 2011 | 20.70 | -5.69% |
| 2010 | 21.94 | -185.76% |
| 2009 | -25.59 | 112.73% |
| 2008 | -12.03 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 18.83 | -263.60% |
US
|
|
| 7.14 | -162.03% |
HK
|
|
| - | - |
CA
|
|
| - | - |
US
|
|
| 11.93 | -203.70% |
US
|
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.