P/E ratio for Murphy Oil (MUR)

P/E ratio history for Murphy Oil from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
ConocoPhillips COP	12.3	79.52%	🇺🇸 USA
Chevron CVX	11.9	74.60%	🇺🇸 USA
Marathon Oil MRO	10.5	53.82%	🇺🇸 USA
Hess HES	27.9	307.56%	🇺🇸 USA
Exxon Mobil XOM	11.9	73.79%	🇺🇸 USA
Devon Energy DVN	5.24	-23.37%	🇺🇸 USA
Valero Energy VLO	4.76	-30.41%	🇺🇸 USA
BP BP	3.34	-51.12%	🇬🇧 UK

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.