Trio Petroleum Corp.

Trio Petroleum Corp.verified

TPET

Price:

$0.0972

Market Cap:

$4.89M

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company owns an 85.75% working interest in the approximately 9,300-acre South Salinas project located in Monterey, California. It also holds an option to acquire a 100% working interest in the Union Avenue Field located in Bakersfield, California. The company was incorporated in 2021 and is headquartered in Bakersfield, California.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2023-04-18

Stock Exchange

AMEX

Ticker

TPET

The PE Ratio as of November 2024 (TTM) for Trio Petroleum Corp. (TPET) is -0.44

According to Trio Petroleum Corp.’s latest financial reports and current stock price. The company's current PE Ratio is -0.44. This represents a change of -67.49% compared to the average of -1.35 of the last 4 quarters.

Trio Petroleum Corp. (TPET) Historical PE Ratio (quarterly & annually)

How has TPET PE Ratio performed in the past?

The mean historical PE Ratio of Trio Petroleum Corp. over the last ten years is -176.45. The current -0.44 PE Ratio has changed -75.06% with respect to the historical average. Over the past ten years (40 quarters), TPET's PE Ratio was at its highest in in the January 2024 quarter at -0.76. The PE Ratio was at its lowest in in the October 2021 quarter at -128.41.

Quarterly (TTM)
Annual

Average

-176.45

Median

-13.79

Minimum

-513.65

Maximum

-1.90

Trio Petroleum Corp. (TPET) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Trio Petroleum Corp. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual PE Ratio = -1.90

Minimum Annual Increase = -97.31%

Minimum Annual PE Ratio = -513.65

Quarterly (TTM)
Annual
YearPE RatioChange
2023-1.90-86.25%
2022-13.79-97.31%

Trio Petroleum Corp. (TPET) Average PE Ratio

How has TPET PE Ratio performed in the past?

The current PE Ratio of Trio Petroleum Corp. (TPET) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-176.45

5-year avg

-176.45

10-year avg

-176.45

Trio Petroleum Corp. (TPET) PE Ratio vs. Peers

How is TPET’s PE Ratio compared to its peers?

Trio Petroleum Corp.’s PE Ratio is

CompanyPE RatioMarket cap

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