P/E ratio for EOG Resources (EOG)
P/E ratio as of March 2023 (TTM): 8.62
According to EOG Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.61833. At the end of 2021 the company had a P/E ratio of 11.1.
P/E ratio history for EOG Resources from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.1 | -123.07% |
| 2020 | -48.0 | -370.79% |
| 2019 | 17.7 | 20.41% |
| 2018 | 14.7 | -38.94% |
| 2017 | 24.1 | -147.41% |
| 2016 | -50.8 | 494.95% |
| 2015 | -8.54 | -149.81% |
| 2014 | 17.1 | |
| 2012 | 56.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apache Corporation APA | 3.33 | -61.32% | 🇺🇸 USA |
 ConocoPhillips COP | 6.81 | -21.01% | 🇺🇸 USA |
 Marathon Oil
MRO | 4.50 | -47.79% | 🇺🇸 USA |
 Occidental Petroleum OXY | 4.67 | -45.78% | 🇺🇸 USA |
 Devon Energy
DVN | 5.54 | -35.72% | 🇺🇸 USA |
 Hess HES | 18.4 | 113.12% | 🇺🇸 USA |
 Pioneer Natural Resources PXD | 6.27 | -27.25% | 🇺🇸 USA |
 Chesapeake Energy
CHK | 2.06 | -76.08% | 🇺🇸 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.