The current price-to-earnings ratio for Magnolia Oil & Gas stock as of May 3, 2024 is 12.31. This is calculated based on the current EPS of $2.04 and the stock price of $25.11 per share. The PE ratio has increased by 65% from the past four quarters average of 7.5.
The average historical PE ratio of Magnolia Oil & Gas for the last seven years is 44.4. The current P/E ratio of 12.31 is 72% lower than the historical average. In the past seven years, MGY's PE ratio peaked in the Dec 2017 quarter at 487, when the stock price was $9.74 and the EPS was $0.02. The lowest point was in the Sep 2022 quarter, when it reached 4.55 with a price of $19.81 and an EPS of $4.35.
Maximum annual increase: 110.48% in 2023
Maximum annual decrease: -91.09% in 2019
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.44 | 110.48% |
| 2022 | 4.96 | -37.45% |
| 2021 | 7.93 | N/A |
| 2020 | N/A | N/A |
| 2019 | 43.38 | -91.09% |
| 2017 | 487 | N/A |
The current PE ratio of MGY is above the 3-year average, but it is lower than the 5-year average.
MGY's PE ratio stands lower than its peer stock PR.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MGY Magnolia Oil & Gas Corp | 12.31 | $5.13B |
| PR Permian Resources Corp | 12.45 | $13.07B |
MGY stock has a price to earnings ratio of 12.31 as of May 3, 2024.
The 3-year average price to earnings ratio for MGY stock is 7.87.
The 5-year average price to earnings ratio for MGY stock is 12.79.
The highest quarterly PE ratio in the last seven years has been 487 and it was in the Dec 2017 quarter.
The current price to earnings ratio of MGY is 72% lower than the 7-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 3, 2024), Magnolia Oil & Gas's stock price is $25.11. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.04. Therefore, Magnolia Oil & Gas's PE ratio for today is 12.31. PE RATIO(12.31) = STOCK PRICE($25.11) / TTM EPS($2.04)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.