CRC California Resources PE ratio, current and historical analysis
The PE ratio for California Resources stock stands at 8.62 as of Nov 15, 2024. This results from the current EPS of $6.56 and stock price of $56.57. A decrease of 34% has been recorded in the PE ratio compared to the average of 13.1 of the last four quarters.
CRC PE ratio history
Over the last three years, the average PE ratio of California Resources has been 7.73. The current 8.62 P/E ratio is 12% higher than the historical average. In the past three years, CRC's PE ratio peaked in the Jun 2024 quarter at 22.36, with a price of $53.22 and an EPS of $2.38. The Sep 2022 quarter marked the lowest point at 2.62, with a price of $38.43 and an EPS of $14.69.
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
Currently, CRC's PE ratio is higher than its 3-year historical average.
CRC PE vs peers
CRC's PE ratio stands lower than its peer stock SN, but it is higher than MTDR's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MTDR Matador Resources Co | 7.6 | $7.18B |
| CRC California Resources Corp | 8.62 | $5.19B |
| SN SharkNinja Inc. | 39.25 | $14.15B |
| WTI W&T Offshore Inc | N/A | $294.72M |
Frequently asked questions
What is California Resources's PE ratio?
The price to earnings ratio for CRC stock is 8.62 as of Nov 15, 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 7.73.
What is the highest PE ratio for CRC?
The highest quarterly PE ratio in the last three years has been 22.36 and it was in the Jun 2024 quarter.
How does the current PE ratio for CRC compare to its historical average?
CRC's price to earnings ratio is currently 12% 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 (Nov 15, 2024), California Resources's stock price is $56.57. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $6.56. Therefore, California Resources's PE ratio for today is 8.62. PE RATIO(8.62) = STOCK PRICE($56.57) / TTM EPS($6.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.