P/E ratio for EOG Resources (EOG)
P/E ratio as of December 2023 (TTM): 9.08
According to EOG Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.07749. At the end of 2022 the company had a P/E ratio of 9.73.
P/E ratio history for EOG Resources from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.73 | -12.03% |
| 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 | -17.05% |
| 2013 | 20.7 | -63.21% |
| 2012 | 56.2 | 133.83% |
| 2011 | 24.0 | -83.18% |
| 2010 | 143 | 222.94% |
| 2009 | 44.2 | 554.97% |
| 2008 | 6.75 | -66.33% |
| 2007 | 20.1 | 71.18% |
| 2006 | 11.7 | -16.32% |
| 2005 | 14.0 | 2.82% |
| 2004 | 13.6 | 8.25% |
| 2003 | 12.6 | -78.89% |
| 2002 | 59.6 | 410.36% |
| 2001 | 11.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apache Corporation APA | 7.33 | -19.30% | 🇺🇸 USA |
 ConocoPhillips COP | 12.5 | 37.74% | 🇺🇸 USA |
 Marathon Oil
MRO | 9.21 | 1.45% | 🇺🇸 USA |
 Occidental Petroleum OXY | 9.04 | -0.41% | 🇺🇸 USA |
 Devon Energy
DVN | 6.09 | -32.94% | 🇺🇸 USA |
 Hess HES | 27.3 | 200.53% | 🇺🇸 USA |
 Pioneer Natural Resources PXD | 10.6 | 16.99% | 🇺🇸 USA |
 Chesapeake Energy
CHK | 1.96 | -78.39% | 🇺🇸 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.