The PE ratio for Diamondback Energy stock stands at 11.27 as of Jul 25, 2024. This takes into account the latest EPS of $17.73 and stock price of $199.8. An increase of 26% 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 18.43. The current 11.27 price-to-earnings ratio is 39% 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 under its 3, 5 and 10-year averages.
When compared to its peer stocks COP and OXY, FANG's PE ratio is lower. Diamondback Energy's PE ratio is trading below the peer average of 13.71.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FANG Diamondback Energy Inc | 11.32 | $35.8B |
| KOS Kosmos Energy Ltd | 11.38 | $2.57B |
| COP Conocophillips | 12.53 | $129.65B |
| OXY Occidental Petroleum Corp | 15.33 | $53.68B |
| VNOM Viper Energy Partners LP | 15.55 | $7.48B |
The price to earnings ratio for FANG stock as of Jul 25, 2024, stands at 11.27.
The 3-year average PE ratio for FANG stock is 11.4.
The 5-year average PE ratio for FANG stock is 15.48.
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 39% 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 (Jul 25, 2024), Diamondback Energy's share price is $199.8. 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 11.27. PE RATIO(11.27) = STOCK PRICE($199.8) / TTM EPS($17.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.