Start with its own history
At 11.22×, ERF is 6.8% above its 7-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · ERFOil & Gas Exploration & ProductionUpdated Nov 4, 2026
Enerplus Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
11.22×
6.8% abovethe 7-observation annual average
Share price20.09
÷Earnings per share1.79
Price and EPS in quote currency. Calculation details
Investors are paying 11.22 for every 1 of reported earnings per share.
P/E over time
2014 – 2023
Annual P/ESelected-period average 10.51×
3-year average9.95×3 positive annual observations
5-year average9.95×3 positive annual observations
10-year average10.51×7 positive annual observations
Peer median · TTM8.88×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 24 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2023 | 9.40× | +53.8% |
| Dec 31, 2022 | 6.11× | -57.4% |
| Dec 31, 2021 | 14.34× | N/M |
| Dec 31, 2020 | N/M | N/M |
| Dec 31, 2019 | N/M | N/M |
| Dec 31, 2018 | 9.32× | -41.0% |
| Dec 31, 2017 | 15.78× | +62.3% |
| Dec 31, 2016 | 9.73× | N/M |
View all 24 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2015 | N/M | N/M |
| Dec 31, 2014 | 8.88× | -89.4% |
| Dec 31, 2013 | 83.91× | N/M |
| Dec 31, 2012 | N/M | N/M |
| Dec 31, 2011 | 376.82× | +784.6% |
| Dec 31, 2010 | 42.60× | -10.3% |
| Dec 31, 2009 | 47.47× | +801.5% |
| Dec 31, 2008 | 5.27× | -64.5% |
| Dec 31, 2007 | 14.82× | +13.6% |
| Dec 31, 2006 | 13.04× | -20.4% |
| Dec 31, 2005 | 16.38× | -18.8% |
| Dec 31, 2004 | 20.19× | +13.9% |
| Dec 31, 2003 | 17.73× | -35.5% |
| Dec 31, 2002 | 27.50× | +128.9% |
| Dec 31, 2001 | 12.01× | +7.0% |
| Dec 31, 2000 | 11.23× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How ERF compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 ERF This stockEnerplus Corporation | 11.22× |
 PRPermian Resources Corporation | 11.42× |
 DENDenbury Inc. | 9.49× |
 VRNVeren Inc. | 20.77× |
 CHRDChord Energy Corporation | 8.27× |
 CIVICivitas Resources, Inc. | 8.22× |
 CPGCrescent Point Energy Corp. | 20.77× |
 CPECallon Petroleum Company | 5.77× |
 ESTEEarthstone Energy, Inc. | 3.05× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does ERF’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 8.88×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take ERF into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("ERF", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 20.09 ÷ EPS 1.79 = 11.22×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
ERF P/E ratio: common questions
The essentials behind the numbers.
Enerplus Corporation's current P/E is 11.22× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.