Apache Corporation
APA
#1719
Rank
$9.11 B
Marketcap
$30.22
Share price
-3.88%
Change (1 day)
-20.18%
Change (1 year)

P/E ratio for Apache Corporation (APA)

P/E ratio as of February 2024 (TTM): 6.18

According to Apache Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.17996. At the end of 2022 the company had a P/E ratio of 4.31.

P/E ratio history for Apache Corporation from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.31-58.13%
202110.3-1033.7%
2020-1.10-59.38%
2019-2.72-101.03%
20182632026.36%
201712.3-172.16%
2016-17.11617.32%
2015-0.9962-77.16%
2014-4.36-128.22%
201315.5-2.34%
201215.8105.3%
20117.71-44.85%
201014.0-111.92%
2009-117-431.91%
200835.3177.55%
200712.747.91%
20068.60-0.05%
20058.61-13.36%
20049.94-15.23%
200311.7-22.63%
200215.148.87%
200110.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.78-22.67%๐Ÿ‡ฆ๐Ÿ‡บ Australia
12.3 98.24%๐Ÿ‡บ๐Ÿ‡ธ USA
8.59 39.00%๐Ÿ‡บ๐Ÿ‡ธ USA
8.81 42.59%๐Ÿ‡บ๐Ÿ‡ธ USA
9.46 53.04%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5 86.03%๐Ÿ‡บ๐Ÿ‡ธ USA
5.99-3.07%๐Ÿ‡บ๐Ÿ‡ธ USA
10.8 74.51%๐Ÿ‡บ๐Ÿ‡ธ USA
2.09-66.25%๐Ÿ‡บ๐Ÿ‡ธ 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.