Hess
HES
#403
Rank
$47.02 B
Marketcap
$152.61
Share price
-1.82%
Change (1 day)
8.74%
Change (1 year)
Hess Corporation is an American company that explores oil fields worldwide and extracts, transports and refines oil. The company is also operating 1,200 gas stations on the east coast of the United States.

P/E ratio for Hess (HES)

P/E ratio as of July 2024 (TTM): 29.7

According to Hess's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.7066. 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
202219.7-51.98%
202141.0-889.58%
2020-5.19-89.45%
2019-49.233.01%
2018-37.0919.62%
2017-3.6314.27%
2016-3.17-29.89%
2015-4.53-146.26%
20149.7978.39%
20135.49-32.27%
20128.10-27.83%
201111.2-4.52%
201011.8-55.69%
200926.5263.6%
20087.30-57.67%
200717.2134.77%
20067.34-24.9%
20059.7823.32%
20047.937.22%
20037.39-133.31%
2002-22.2-468.79%
20016.02

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.6-57.62%๐Ÿ‡บ๐Ÿ‡ธ USA
11.6-60.95%๐Ÿ‡บ๐Ÿ‡ธ USA
9.95-66.49%๐Ÿ‡บ๐Ÿ‡ธ USA
10.6-64.17%๐Ÿ‡บ๐Ÿ‡ธ USA
11.9-60.04%๐Ÿ‡บ๐Ÿ‡ธ USA
4.13-86.11%๐Ÿ‡ฌ๐Ÿ‡ง UK
12.3-58.45%๐Ÿ‡จ๐Ÿ‡ณ 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.