Price to Earnings (P/E)
since 2021
Calculation
Expand Energy Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) available to common stockholders1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2025 | — | = | 102.43 | ÷ | -3.07 | -3.07 | = | -714 | ÷ | 232,699,939 | |
| Feb 21, 2024 | 4.53 | = | 83.85 | ÷ | 18.49 | 18.49 | = | 2,419 | ÷ | 130,794,770 | |
| Feb 22, 2023 | 2.21 | = | 79.70 | ÷ | 36.14 | 36.14 | = | 4,869 | ÷ | 134,719,821 | |
| Feb 24, 2022 | 1.33 | = | 70.91 | ÷ | 53.37 | 53.37 | = | 6,328 | ÷ | 118,558,307 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Expand Energy Corp. Annual Report.
A significant divergence is observed between the market valuation and the fundamental earnings performance of Expand Energy Corp. from February 2022 through February 2025. While the share price maintained a consistent upward trajectory, earnings per share experienced a severe and continuous decline, eventually transitioning into negative territory.
- Share Price Trends
- The share price demonstrated steady growth over the analyzed period, increasing from US$ 70.91 in February 2022 to US$ 102.43 by February 2025. This represents a consistent appreciation in market value despite the deterioration of bottom-line results.
- Earnings Per Share (EPS) Performance
- Profitability declined sharply over the four-year span. EPS dropped from US$ 53.37 in February 2022 to US$ 36.14 in February 2023, and further to US$ 18.49 in February 2024. By February 2025, the company reported a negative EPS of US$ -3.07, indicating a shift from profitability to a net loss.
- Price-to-Earnings (P/E) Ratio Interpretation
- The P/E ratio rose from 1.33 in 2022 to 4.53 in 2024. This expansion indicates that investors were willing to pay a higher multiple for each dollar of earnings even as those earnings decreased. For the period ending February 2025, the P/E ratio is not calculated, as the ratio is not applicable when earnings are negative.
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Comparison to Competitors
Expand Energy Corp., P/E, long-term trends, comparison to competitors
| Expand Energy Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Feb 26, 2025 | — | 15.64 | 13.41 | 14.21 |
| Feb 21, 2024 | 4.53 | 13.42 | 11.92 | 11.49 |
| Feb 22, 2023 | 2.21 | 8.71 | 7.07 | 8.01 |
| Feb 24, 2022 | 1.33 | 16.81 | 14.66 | 14.11 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Expand Energy Corp., P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Expand Energy Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 26, 2025 | — | 14.51 |
| Feb 21, 2024 | 4.53 | 12.17 |
| Feb 22, 2023 | 2.21 | 8.08 |
| Feb 24, 2022 | 1.33 | 15.11 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Industry (Energy)
Expand Energy Corp., P/E, long-term trends, comparison to industry (energy)
| Expand Energy Corp. | Energy | |
|---|---|---|
| Feb 26, 2025 | — | 14.41 |
| Feb 21, 2024 | 4.53 | 12.48 |
| Feb 22, 2023 | 2.21 | 8.54 |
| Feb 24, 2022 | 1.33 | 15.67 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).