The PE ratio for California Resources stock stands at 13.8 as of Jul 25, 2024. This results from the current EPS of $3.65 and stock price of $50.38. An increase of 62% has been recorded in the PE ratio compared to the average of 8.5 of the last four quarters.
Over the last three years, the average PE ratio of California Resources has been 6.24. The current 13.8 P/E ratio is 121% higher than the historical average. In the past three years, CRC's PE ratio peaked in the Mar 2024 quarter at 15.1, with a price of $55.1 and an EPS of $3.65. The Sep 2022 quarter marked the lowest point at 2.62, with a price of $38.43 and an EPS of $14.69.
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 |
Currently, CRC's PE ratio is higher than its 3-year historical average.
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 | 8.37 | $7.67B |
| CRC California Resources Corp | 14.01 | $3.5B |
| SN SharkNinja Inc. | 54.22 | $10.31B |
| WTI W&T Offshore Inc | N/A | $349.52M |
The price to earnings ratio for CRC stock is 13.8 as of Jul 25, 2024.
The 3-year average price to earnings ratio for CRC stock is 6.24.
The highest quarterly PE ratio in the last three years has been 15.1 and it was in the Mar 2024 quarter.
CRC's price to earnings ratio is currently 121% above its 3-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), California Resources's stock price is $50.38. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.65. Therefore, California Resources's PE ratio for today is 13.8. PE RATIO(13.8) = STOCK PRICE($50.38) / TTM EPS($3.65)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.