P/E ratio for Valero Energy (VLO)
P/E ratio as of June 2023 (TTM): 3.86
According to Valero Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.85861. At the end of 2021 the company had a P/E ratio of 33.2.
P/E ratio history for Valero Energy from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 33.2 | -305.04% |
| 2020 | -16.2 | -201.6% |
| 2019 | 16.0 | 55.77% |
| 2018 | 10.2 | 3.08% |
| 2017 | 9.94 | -28.3% |
| 2016 | 13.9 | 55.81% |
| 2015 | 8.89 | 23.8% |
| 2014 | 7.18 | -28.58% |
| 2013 | 10.1 | 21.6% |
| 2012 | 8.27 | 58.22% |
| 2011 | 5.23 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Marathon Petroleum MPC | 3.37 | -12.79% | 🇺🇸 USA |
 Phillips 66 PSX | 3.82 | -0.95% | 🇺🇸 USA |
 HollyFrontier HFC | 10.7 | 177.38% | 🇺🇸 USA |
 Delek US DK | 5.41 | 40.18% | 🇺🇸 USA |
 Calumet Specialty Products Partners CLMT | -31.3 | -911.02% | 🇺🇸 USA |
 PBF Energy
PBF | 1.55 | -59.73% | 🇺🇸 USA |
 CVR Energy CVI | 4.91 | 27.18% | 🇺🇸 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.