As of Jul 25, 2024, the BP stock has a PE ratio of 10.66. The calculation is based on the latest EPS of $3.3 and the stock price of $35.18 per share. An increase of 49% has been observed in the PE ratio compared to its average of 7.1 of the last four quarters.
The mean historical PE ratio of BP over the last ten years is 61.87. The current 10.66 P/E ratio is 83% 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 higher than its 3-year average, but it is lower than its 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 | 10.68 | $99.39B |
| COP Conocophillips | 12.53 | $129.65B |
| XOM Exxon Mobil Corp | 14.38 | $462.63B |
| CVX Chevron Corp | 14.45 | $291.53B |
The price to earnings ratio for BP stock as of Jul 25, 2024, stands at 10.66.
Over the last 3 years, the average price to earnings ratio for BP stock is 8.43.
Over the last 5 years, the average price to earnings ratio for BP stock is 12.78.
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 83% below its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), BP's share price is $35.18. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.3. Therefore, BP's PE ratio for today is 10.66. PE RATIO(10.66) = STOCK PRICE($35.18) / TTM EPS($3.3)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.