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APA Apache PE ratio, current and historical analysis

As of Jun 14, 2024, the Apache stock's PE ratio is 3.12. This results from the current EPS of $8.93 and stock price of $27.82. The PE ratio has decreased by 46% from the past four quarters average of 5.8.

APA PE ratio history

How has APA's PE ratio performed in the past

The PE ratio of Apache has averaged 67.01 over the last ten years. The current price-to-earnings ratio of 3.12 is 95% less than the historical average. In the past ten years, APA's PE ratio reached its highest point in the Mar 2021 quarter at 895, when the stock price was $17.9 and the EPS was $0.02. The lowest point was recorded in the Sep 2022 quarter, when it reached 3.26 with a price of $34.19 and an EPS of $10.48.

Average
67.01
Median
10.96
Minimum
3.26
Maximum
895

Apache PE ratio by year

Maximum annual increase: 1,832.31% in 2018

Maximum annual decrease: -59.19% in 2022

Year PE ratio Change
2023 3.87 -8.29%
2022 4.22 -59.19%
2021 10.34 N/A
2020 N/A N/A
2019 N/A N/A
2018 238.64 1,832.31%
2017 12.35 N/A
2016 N/A N/A
2015 N/A N/A
2014 N/A N/A

APA average PE ratio chart

What is the average PE ratio of APA for the past years

Currently, APA's PE ratio is lower than the 3, 5 and 10-year averages.

3-year avg
6.79
5-year avg
75.12
10-year avg
67.01
15-year avg
42.15

APA PE vs peers

What is APA's PE ratio compared to its peers

When compared to its peer stocks CVX and COP, APA's PE ratio is lower. Apache's PE ratio is trading below the peer group average of 11.62.

Stock name PE ratio Market cap
APA Apache Corp 3.12 $10.33B
DVN Devon Energy Corp 8.65 $28.79B
EOG Eog Resources Inc 9.3 $67.95B
CHK Chesapeake Energy Corp 10.63 $11.16B
MRO Marathon Oil Corp 11.28 $15.4B
COP Conocophillips 12.36 $127.94B
CVX Chevron Corp 13.97 $281.8B
OXY Occidental Petroleum Corp 15.15 $53.06B

Frequently asked questions

What is Apache's PE ratio?

APA stock has a price to earnings ratio of 3.12 as of Jun 14, 2024.

What is the 3-year average PE ratio for Apache (APA)?

Over the last 3 years, the average PE ratio for APA stock is 6.79.

What is the 5-year average PE ratio for Apache (APA)?

Over the last 5 years, the average PE ratio for APA stock is 75.12.

What is the highest PE ratio for APA?

Over the last ten years, the quarterly PE ratio reached a historic high of 895 in the Mar 2021 quarter.

How does the current PE ratio for APA compare to its historical average?

APA's price to earnings ratio is currently 95% below its 10-year historical average.

Why is Apache's PE ratio so low?

APA's PE ratio of 3.12 is considered low because the company's stock price is trading at a lower multiple of earnings.

How is APA's PE ratio calculated (Apache PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 14, 2024), Apache's stock price is $27.82. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $8.93. Therefore, Apache's price to earnings ratio for today is 3.12. PE RATIO(3.12) = STOCK PRICE($27.82) / TTM EPS($8.93)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.