APA Apache PE ratio, current and historical analysis
As of Nov 15, 2024, the Apache stock's PE ratio is 3.17. This results from the current EPS of $7.06 and stock price of $22.38. The PE ratio has decreased by 12% from the past four quarters average of 3.6.
APA PE ratio history
The PE ratio of Apache has averaged 62.58 over the last eight years. The current price-to-earnings ratio of 3.17 is 95% less than the historical average. In the past eight 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 Jun 2024 quarter, when it reached 3.22 with a price of $29.44 and an EPS of $9.15.
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
Currently, APA's PE ratio is lower than the 3, 5 and 10-year averages.
APA PE vs 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 12.22.
| Stock name | PE ratio | Market cap |
|---|---|---|
| APA Apache Corp | 3.17 | $8.28B |
| DVN Devon Energy Corp | 7.1 | $25.27B |
| EOG Eog Resources Inc | 10.79 | $75.68B |
| OXY Occidental Petroleum Corp | 12.19 | $46.89B |
| MRO Marathon Oil Corp | 12.27 | $15.99B |
| COP Conocophillips | 13.31 | $129.27B |
| CVX Chevron Corp | 17.66 | $290.09B |
| EXE Expand Energy Corp. | 48.22 | $21.95B |
Frequently asked questions
What is Apache's PE ratio?
APA stock has a price to earnings ratio of 3.17 as of Nov 15, 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 5.26.
What is the 5-year average PE ratio for Apache (APA)?
Over the last 5 years, the average PE ratio for APA stock is 65.55.
What is the highest PE ratio for APA?
Over the last eight 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 8-year historical average.
Why is Apache's PE ratio so low?
APA's PE ratio of 3.17 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 (Nov 15, 2024), Apache's stock price is $22.38. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $7.06. Therefore, Apache's price to earnings ratio for today is 3.17. PE RATIO(3.17) = STOCK PRICE($22.38) / TTM EPS($7.06)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.