As of Jul 25, 2024, the Apache stock's PE ratio is 3.5. This results from the current EPS of $8.93 and stock price of $31.28. The PE ratio has decreased by 39% from the past four quarters average of 5.8.
The PE ratio of Apache has averaged 68.82 over the last seven years. The current price-to-earnings ratio of 3.5 is 95% less than the historical average. In the past seven 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.
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 |
Currently, APA's PE ratio is lower than the 3, 5 and 10-year averages.
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 11.75.
| Stock name | PE ratio | Market cap |
|---|---|---|
| APA Apache Corp | 3.49 | $11.58B |
| DVN Devon Energy Corp | 8.79 | $29.29B |
| CHK Chesapeake Energy Corp | 9.7 | $10.19B |
| EOG Eog Resources Inc | 10 | $73.07B |
| MRO Marathon Oil Corp | 11.52 | $15.72B |
| COP Conocophillips | 12.53 | $129.65B |
| CVX Chevron Corp | 14.45 | $291.53B |
| OXY Occidental Petroleum Corp | 15.33 | $53.68B |
APA stock has a price to earnings ratio of 3.5 as of Jul 25, 2024.
Over the last 3 years, the average PE ratio for APA stock is 6.36.
Over the last 5 years, the average PE ratio for APA stock is 75.12.
Over the last seven years, the quarterly PE ratio reached a historic high of 895 in the Mar 2021 quarter.
APA's price to earnings ratio is currently 95% below its 7-year historical average.
APA's PE ratio of 3.5 is considered low because the company's stock price is trading at a lower multiple of earnings.
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 (Jul 25, 2024), Apache's stock price is $31.28. 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 3.5. PE RATIO(3.5) = STOCK PRICE($31.28) / TTM EPS($8.93)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.