P/E ratio for Hess (HES)
P/E ratio as of December 2023 (TTM): 27.3
According to Hess's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.2806. At the end of 2022 the company had a P/E ratio of 19.7.
P/E ratio history for Hess from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.7 | -51.98% |
| 2021 | 41.0 | -889.58% |
| 2020 | -5.19 | -89.45% |
| 2019 | -49.2 | 33.01% |
| 2018 | -37.0 | 919.62% |
| 2017 | -3.63 | 14.27% |
| 2016 | -3.17 | -29.89% |
| 2015 | -4.53 | -146.26% |
| 2014 | 9.79 | 78.39% |
| 2013 | 5.49 | -32.27% |
| 2012 | 8.10 | -27.83% |
| 2011 | 11.2 | -4.52% |
| 2010 | 11.8 | -55.69% |
| 2009 | 26.5 | 263.6% |
| 2008 | 7.30 | -57.67% |
| 2007 | 17.2 | 134.77% |
| 2006 | 7.34 | -24.9% |
| 2005 | 9.78 | 23.32% |
| 2004 | 7.93 | 7.22% |
| 2003 | 7.39 | -133.31% |
| 2002 | -22.2 | -468.79% |
| 2001 | 6.02 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BP BP | 4.12 | -84.88% | 🇬🇧 UK |
 ConocoPhillips COP | 12.5 | -54.17% | 🇺🇸 USA |
 Marathon Oil
MRO | 9.21 | -66.24% | 🇺🇸 USA |
 Occidental Petroleum OXY | 9.04 | -66.86% | 🇺🇸 USA |
 Exxon Mobil XOM | 10.2 | -62.71% | 🇺🇸 USA |
 Chevron CVX | 10.7 | -60.72% | 🇺🇸 USA |
 Sinopec 600028.SS | 10.4 | -62.05% | 🇨🇳 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.