P/E ratio for Hess (HES)
P/E ratio as of March 2023 (TTM): 18.0
According to Hess's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.9939. At the end of 2021 the company had a P/E ratio of 40.9.
P/E ratio history for Hess from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 40.9 | -881.02% |
| 2020 | -5.24 | -89.58% |
| 2019 | -50.3 | -4.37% |
| 2018 | -52.6 | 1344.33% |
| 2017 | -3.64 | 13.99% |
| 2016 | -3.19 | -29.7% |
| 2015 | -4.54 | -146.76% |
| 2014 | 9.72 | 76.13% |
| 2013 | 5.52 | -32.14% |
| 2012 | 8.13 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BP BP | -71.4 | -496.67% | 🇬🇧 UK |
 ConocoPhillips COP | 6.73 | -62.62% | 🇺🇸 USA |
 Marathon Oil
MRO | 4.37 | -75.69% | 🇺🇸 USA |
 Occidental Petroleum OXY | 4.66 | -74.12% | 🇺🇸 USA |
 Exxon Mobil XOM | 9.12 | -49.29% | 🇺🇸 USA |
 Chevron CVX | 8.69 | -51.72% | 🇺🇸 USA |
 Sinopec 600028.SS | 8.63 | -52.03% | 🇨🇳 China |
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.