As of Apr 26, 2024, the BP stock has a PE ratio of 7.49. The calculation is based on the latest EPS of $5.27 and the stock price of $39.47 per share. An increase of 38% has been observed in the PE ratio compared to its average of 5.4 of the last four quarters.
The mean historical PE ratio of BP over the last ten years is 64.28. The current 7.49 P/E ratio is 88% lower than the historical average. Looking back at the last ten years, BP's PE ratio peaked in the Dec 2016 quarter at 934.5, with a price of $37.38 and an EPS of $0.04. The Mar 2023 quarter marked the lowest point at 4.58, with a price of $37.94 and an EPS of $8.29.
Maximum annual increase: 373.85% in 2014
Maximum annual decrease: -95.63% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 6.72 | N/A |
| 2022 | N/A | N/A |
| 2021 | 11.84 | N/A |
| 2020 | N/A | N/A |
| 2019 | 31.71 | 135.76% |
| 2018 | 13.45 | -67.04% |
| 2017 | 40.81 | -95.63% |
| 2016 | 934.5 | N/A |
| 2015 | N/A | N/A |
| 2014 | 30.99 | 373.85% |
The current PE ratio of BP is lower than its 3, 5 and 10-year averages.
BP's PE ratio stands lower than its peer stocks XOM and CVX.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BP BP plc | 7.49 | $110.89B |
| XOM Exxon Mobil Corp | 13.46 | $474.71B |
| COP Conocophillips | 14.34 | $153.19B |
| CVX Chevron Corp | 14.58 | $308.92B |
The price to earnings ratio for BP stock as of Apr 26, 2024, stands at 7.49.
Over the last 3 years, the average price to earnings ratio for BP stock is 8.27.
Over the last 5 years, the average price to earnings ratio for BP stock is 13.21.
The highest quarterly PE ratio in the last ten years has been 934.5 and it was in the Dec 2016 quarter.
BP's current price to earnings ratio is 88% below its 10-year historical average.
BP's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 7.49 is considered low.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), BP's share price is $39.47. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.27. Therefore, BP's PE ratio for today is 7.49. PE RATIO(7.49) = STOCK PRICE($39.47) / TTM EPS($5.27)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.