Price to Sales (P/S)
since 2021
Calculation
Expand Energy Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2025 | 5.60 | = | 102.43 | ÷ | 18.30 | 18.30 | = | 4,259 | ÷ | 232,699,939 | |
| Feb 21, 2024 | 1.81 | = | 83.85 | ÷ | 46.23 | 46.23 | = | 6,047 | ÷ | 130,794,770 | |
| Feb 22, 2023 | 0.76 | = | 79.70 | ÷ | 104.83 | 104.83 | = | 14,123 | ÷ | 134,719,821 | |
| Feb 24, 2022 | 1.15 | = | 70.91 | ÷ | 61.58 | 61.58 | = | 7,301 | ÷ | 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.
An analysis of the financial metrics between February 2022 and February 2025 reveals a widening divergence between the market valuation of the entity and its fundamental revenue performance.
- Share Price Trajectory
- A consistent upward trend is observed in the share price, which increased from US$ 70.91 in February 2022 to US$ 102.43 in February 2025. This indicates a steady growth in market pricing over the four-year period.
- Sales per Share Volatility
- Revenue generation per share experienced significant fluctuations. After an initial increase to a peak of US$ 104.83 in February 2023, a sharp and sustained decline occurred, with values falling to US$ 46.23 in February 2024 and further contracting to US$ 18.30 by February 2025.
- Price to Sales (P/S) Ratio Expansion
- The P/S ratio exhibits a dramatic increase, shifting from 1.15 in February 2022 to 5.60 in February 2025. While the ratio initially dipped to 0.76 in February 2023 due to elevated sales, the subsequent collapse in revenue per share combined with a rising share price led to a rapid expansion of the multiple. This suggests a valuation that is increasingly decoupled from current sales performance.
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Comparison to Competitors
Expand Energy Corp., P/S, long-term trends, comparison to competitors
| Expand Energy Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Feb 26, 2025 | 5.60 | 1.43 | 2.26 | 1.41 |
| Feb 21, 2024 | 1.81 | 1.46 | 2.33 | 1.24 |
| Feb 22, 2023 | 0.76 | 1.31 | 1.68 | 1.12 |
| Feb 24, 2022 | 1.15 | 1.69 | 2.58 | 1.17 |
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/S, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Expand Energy Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 26, 2025 | 5.60 | 1.50 |
| Feb 21, 2024 | 1.81 | 1.41 |
| Feb 22, 2023 | 0.76 | 1.24 |
| Feb 24, 2022 | 1.15 | 1.48 |
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/S, long-term trends, comparison to industry (energy)
| Expand Energy Corp. | Energy | |
|---|---|---|
| Feb 26, 2025 | 5.60 | 1.50 |
| Feb 21, 2024 | 1.81 | 1.46 |
| Feb 22, 2023 | 0.76 | 1.31 |
| Feb 24, 2022 | 1.15 | 1.52 |
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).