The PE ratio for Diamondback Energy stock stands at 11.49 as of May 7, 2024. This takes into account the latest EPS of $17.73 and stock price of $203.68. An increase of 29% has been observed in the PE ratio compared to its average of 8.9 of the past four quarters.
Over the last ten years, the average PE ratio of Diamondback Energy has been 19.59. The current 11.49 price-to-earnings ratio is 41% less than the historical average. Analyzing the last ten years, FANG's PE ratio reached its highest point in the Dec 2019 quarter at 63.17, with a price of $92.86 and an EPS of $1.47. The Sep 2022 quarter saw the lowest point at 4.9, with a price of $120.46 and an EPS of $24.58.
Maximum annual increase: 451.22% in 2019
Maximum annual decrease: -59.96% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.94 | 60.79% |
| 2022 | 5.56 | -36.89% |
| 2021 | 8.81 | N/A |
| 2020 | N/A | N/A |
| 2019 | 63.17 | 451.22% |
| 2018 | 11.46 | -55.08% |
| 2017 | 25.51 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 16.29 | -59.96% |
FANG's current PE ratio is higher than the 3-year average, but it is under its 5 and 10-year averages.
When compared to its peers OXY and VNOM, FANG's PE ratio is lower, but it is higher than CHK's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CHK Chesapeake Energy Corp | 11.03 | $11.58B |
| FANG Diamondback Energy Inc | 11.46 | $36.24B |
| VNOM Viper Energy Partners LP | 13.69 | $6.58B |
| OXY Occidental Petroleum Corp | 16.12 | $56.46B |
The price to earnings ratio for FANG stock as of May 7, 2024, stands at 11.49.
The 3-year average PE ratio for FANG stock is 11.4.
The 5-year average PE ratio for FANG stock is 15.59.
The highest quarterly PE ratio in the last ten years has been 63.17 and it was in the Dec 2019 quarter.
FANG's price to earnings ratio is currently 41% below its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 7, 2024), Diamondback Energy's share price is $203.68. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $17.73. Therefore, Diamondback Energy's price to earnings ratio for today is 11.49. PE RATIO(11.49) = STOCK PRICE($203.68) / TTM EPS($17.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.