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CRC California Resources PE ratio, current and historical analysis

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  2. Energy
  3. NYSE: CRC
  4. PE Ratio

The PE ratio for California Resources stock stands at 6.38 as of May 3, 2024. This results from the current EPS of $8.1 and stock price of $51.68. An increase of 17% has been recorded in the PE ratio compared to the average of 5.5 of the last four quarters.

CRC PE ratio history

How has CRC's PE ratio performed in the past

Over the last three years, the average PE ratio of California Resources has been 5.25. The current 6.38 P/E ratio is 22% higher than the historical average. In the past three years, CRC's PE ratio peaked in the Sep 2023 quarter at 8.67, with a price of $56.01 and an EPS of $6.46. The Sep 2022 quarter marked the lowest point at 2.62, with a price of $38.43 and an EPS of $14.69.

Average
5.25
Median
5.73
Minimum
2.62
Maximum
8.67

California Resources PE ratio by year

Maximum annual increase: 9.42% in 2022

Year PE ratio Change
2023 6.75 7.66%
2022 6.27 9.42%
2021 5.73 N/A
2019 N/A N/A
2018 N/A N/A
2017 N/A N/A
2016 N/A N/A

CRC average PE ratio chart

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

Currently, CRC's PE ratio is higher than its 3-year historical average.

3-year avg
5.25
5-year avg
N/A
10-year avg
N/A
15-year avg
N/A

CRC PE vs peers

What is CRC's PE ratio compared to its peers

CRC's PE ratio stands lower than its peer stocks SN and MTDR.

Stock name PE ratio Market cap
CRC California Resources Corp 6.38 $3.58B
MTDR Matador Resources Co 8.62 $7.9B
WTI W&T Offshore Inc 21.18 $342.18M
SN SharkNinja Inc. 55.07 $9.19B

Frequently asked questions

What is California Resources's PE ratio?

The price to earnings ratio for CRC stock is 6.38 as of May 3, 2024.

What is the 3-year average PE ratio for California Resources (CRC)?

The 3-year average price to earnings ratio for CRC stock is 5.25.

What is the highest PE ratio for CRC?

The highest quarterly PE ratio in the last three years has been 8.67 and it was in the Sep 2023 quarter.

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

CRC's price to earnings ratio is currently 22% above its 3-year historical average.

Why is California Resources's PE ratio so low?

CRC's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is CRC's PE ratio calculated (California Resources PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), California Resources's stock price is $51.68. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $8.1. Therefore, California Resources's PE ratio for today is 6.38. PE RATIO(6.38) = STOCK PRICE($51.68) / TTM EPS($8.1)

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