P/E ratio for Apache Corporation (APA)
P/E ratio as of June 2023 (TTM): 5.46
According to Apache Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.46347. At the end of 2021 the company had a P/E ratio of 10.3.
P/E ratio history for Apache Corporation from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.3 | -1033.7% |
| 2020 | -1.10 | -59.38% |
| 2019 | -2.72 | -101.03% |
| 2018 | 263 | 2026.36% |
| 2017 | 12.3 | -178.19% |
| 2016 | -15.8 | 2072.48% |
| 2015 | -0.7268 | -83.34% |
| 2014 | -4.36 | -128.22% |
| 2013 | 15.5 | -2.34% |
| 2012 | 15.8 | 105.3% |
| 2011 | 7.71 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 13.1 | 140.44% | 🇦🇺 Australia |
 ConocoPhillips COP | 8.17 | 49.48% | 🇺🇸 USA |
 EOG Resources EOG | 6.96 | 27.33% | 🇺🇸 USA |
 Marathon Oil
MRO | 5.69 | 4.21% | 🇺🇸 USA |
 Occidental Petroleum OXY | 4.47 | -18.24% | 🇺🇸 USA |
 Chevron CVX | 8.40 | 53.68% | 🇺🇸 USA |
 Devon Energy
DVN | 5.28 | -3.38% | 🇺🇸 USA |
 Pioneer Natural Resources PXD | 6.98 | 27.84% | 🇺🇸 USA |
 Chesapeake Energy
CHK | 1.49 | -72.77% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.