Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Expand Energy Corp., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Expand Energy Corp. P/S ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Expand Energy Corp. P/BV ratio decreased from Q3 2024 to Q4 2024 but then slightly increased from Q4 2024 to Q1 2025. |
Price to Earnings (P/E)
Expand Energy Corp., historical P/E calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 237,979,439 | 232,699,939 | 231,034,791 | 131,275,152 | 131,048,463 | 130,794,770 | 131,072,227 | 132,356,423 | 133,869,079 | 134,719,821 | 133,971,136 | 120,848,720 | 127,262,019 | 118,558,307 | 117,105,845 | 98,280,695 | 97,914,260 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Net income (loss) available to common stockholders (in millions) | (249) | (399) | (114) | (227) | 26) | 569) | 70) | 391) | 1,389) | 3,513) | 883) | 1,237) | (764) | 1,434) | (345) | (439) | 5,678) | ||||||
| Earnings per share (EPS)2 | -4.16 | -3.07 | 1.10 | 3.34 | 8.06 | 18.49 | 40.92 | 46.66 | 52.45 | 36.14 | 20.83 | 12.93 | -0.90 | 53.37 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 107.47 | 102.43 | 85.73 | 76.57 | 89.88 | 83.85 | 86.08 | 84.45 | 80.11 | 79.70 | 102.67 | 90.25 | 93.15 | 70.91 | 65.37 | 55.50 | 49.50 | ||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/E ratio4 | — | — | 77.98 | 22.95 | 11.15 | 4.53 | 2.10 | 1.81 | 1.53 | 2.21 | 4.93 | 6.98 | — | 1.33 | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||
| Chevron Corp. | 15.28 | 15.64 | 16.89 | 13.91 | 14.63 | 13.42 | 11.03 | 9.88 | 8.27 | 8.71 | 10.25 | 10.19 | 16.06 | 16.81 | 22.09 | 54.58 | — | ||||||
| ConocoPhillips | 11.75 | 13.41 | 12.68 | 11.78 | 13.50 | 11.92 | 12.94 | 10.65 | 7.44 | 7.07 | 9.23 | 7.19 | 10.35 | 14.66 | 20.66 | 40.48 | 3,758.13 | ||||||
| Exxon Mobil Corp. | 13.42 | 14.21 | 15.47 | 14.93 | 14.38 | 11.49 | 11.00 | 8.76 | 7.58 | 8.47 | 8.70 | 9.74 | 14.98 | 14.11 | — | — | — | ||||||
| Occidental Petroleum Corp. | 15.83 | 19.28 | 12.74 | 13.05 | 16.45 | 13.36 | 11.85 | 9.28 | 5.97 | 4.24 | 5.61 | 5.94 | 8.51 | 23.89 | — | — | — | ||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
EPS
= (Net income (loss) available to common stockholdersQ1 2025
+ Net income (loss) available to common stockholdersQ4 2024
+ Net income (loss) available to common stockholdersQ3 2024
+ Net income (loss) available to common stockholdersQ2 2024)
÷ No. shares of common stock outstanding
= (-249,000,000 + -399,000,000 + -114,000,000 + -227,000,000)
÷ 237,979,439 = -4.16
3 Closing price as at the filing date of Expand Energy Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/E ratio = Share price ÷ EPS
= 107.47 ÷ -4.16 = —
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
Expand Energy Corp., historical P/OP calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 237,979,439 | 232,699,939 | 231,034,791 | 131,275,152 | 131,048,463 | 130,794,770 | 131,072,227 | 132,356,423 | 133,869,079 | 134,719,821 | 133,971,136 | 120,848,720 | 127,262,019 | 118,558,307 | 117,105,845 | 98,280,695 | 97,914,260 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Income (loss) from operations (in millions) | (268) | (386) | (155) | (294) | 32) | 726) | 79) | 517) | 1,820) | 2,228) | 1,005) | 1,341) | (794) | 1,421) | (338) | (430) | 51) | ||||||
| Operating profit per share2 | -4.63 | -3.45 | 1.34 | 4.14 | 10.33 | 24.02 | 35.43 | 42.08 | 47.76 | 28.06 | 22.19 | 13.49 | -1.11 | 5.94 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 107.47 | 102.43 | 85.73 | 76.57 | 89.88 | 83.85 | 86.08 | 84.45 | 80.11 | 79.70 | 102.67 | 90.25 | 93.15 | 70.91 | 65.37 | 55.50 | 49.50 | ||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/OP ratio4 | — | — | 64.10 | 18.51 | 8.70 | 3.49 | 2.43 | 2.01 | 1.68 | 2.84 | 4.63 | 6.69 | — | 11.94 | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||
| Chevron Corp. | 9.20 | 9.76 | 10.99 | 9.34 | 10.35 | 9.48 | 7.68 | 6.97 | 5.81 | 6.12 | 7.34 | 7.23 | 11.13 | 11.40 | 14.10 | 26.00 | — | ||||||
| ConocoPhillips | 7.33 | 8.50 | 7.96 | 7.49 | 8.70 | 7.61 | 8.04 | 6.49 | 4.60 | 4.57 | 5.96 | 4.72 | 6.75 | 8.66 | 11.68 | 17.96 | 71.79 | ||||||
| Exxon Mobil Corp. | 9.03 | 9.57 | 10.23 | 9.86 | 9.47 | 7.62 | 7.06 | 6.00 | 5.28 | 5.88 | 6.28 | 6.76 | 10.28 | 9.86 | — | — | — | ||||||
| Occidental Petroleum Corp. | 7.83 | 10.46 | 7.81 | 8.15 | 9.68 | 7.37 | 6.93 | 5.80 | 4.11 | 3.78 | 4.91 | 5.18 | 7.42 | 7.96 | 33.61 | — | — | ||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Operating profit per share
= (Income (loss) from operationsQ1 2025
+ Income (loss) from operationsQ4 2024
+ Income (loss) from operationsQ3 2024
+ Income (loss) from operationsQ2 2024)
÷ No. shares of common stock outstanding
= (-268,000,000 + -386,000,000 + -155,000,000 + -294,000,000)
÷ 237,979,439 = -4.63
3 Closing price as at the filing date of Expand Energy Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 107.47 ÷ -4.63 = —
5 Click competitor name to see calculations.
Price to Sales (P/S)
Expand Energy Corp., historical P/S calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 237,979,439 | 232,699,939 | 231,034,791 | 131,275,152 | 131,048,463 | 130,794,770 | 131,072,227 | 132,356,423 | 133,869,079 | 134,719,821 | 133,971,136 | 120,848,720 | 127,262,019 | 118,558,307 | 117,105,845 | 98,280,695 | 97,914,260 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Revenues (in millions) | 3,210) | 2,244) | 600) | 514) | 901) | 1,276) | 1,406) | 1,260) | 2,105) | 3,136) | 4,193) | 4,013) | 2,781) | 2,606) | 1,797) | 1,431) | 1,467) | ||||||
| Sales per share2 | 27.60 | 18.30 | 14.24 | 31.21 | 36.96 | 46.23 | 60.33 | 80.80 | 100.45 | 104.83 | 101.46 | 92.65 | 67.69 | 61.58 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 107.47 | 102.43 | 85.73 | 76.57 | 89.88 | 83.85 | 86.08 | 84.45 | 80.11 | 79.70 | 102.67 | 90.25 | 93.15 | 70.91 | 65.37 | 55.50 | 49.50 | ||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/S ratio4 | 3.89 | 5.60 | 6.02 | 2.45 | 2.43 | 1.81 | 1.43 | 1.05 | 0.80 | 0.76 | 1.01 | 0.97 | 1.38 | 1.15 | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||
| Chevron Corp. | 1.24 | 1.43 | 1.45 | 1.32 | 1.53 | 1.46 | 1.39 | 1.39 | 1.27 | 1.31 | 1.54 | 1.44 | 1.86 | 1.69 | 1.63 | 1.69 | 2.19 | ||||||
| ConocoPhillips | 1.95 | 2.26 | 2.28 | 2.23 | 2.59 | 2.33 | 2.42 | 2.06 | 1.56 | 1.68 | 2.22 | 1.75 | 2.47 | 2.58 | 2.67 | 2.56 | 3.35 | ||||||
| Exxon Mobil Corp. | 1.31 | 1.41 | 1.53 | 1.50 | 1.42 | 1.24 | 1.21 | 1.17 | 1.13 | 1.12 | 1.17 | 1.08 | 1.26 | 1.17 | 1.12 | 1.12 | 1.43 | ||||||
| Occidental Petroleum Corp. | 1.39 | 1.72 | 1.74 | 1.87 | 2.14 | 1.78 | 1.81 | 1.72 | 1.48 | 1.45 | 1.87 | 1.80 | 1.92 | 1.40 | 1.42 | 1.26 | 1.51 | ||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Sales per share
= (RevenuesQ1 2025
+ RevenuesQ4 2024
+ RevenuesQ3 2024
+ RevenuesQ2 2024)
÷ No. shares of common stock outstanding
= (3,210,000,000 + 2,244,000,000 + 600,000,000 + 514,000,000)
÷ 237,979,439 = 27.60
3 Closing price as at the filing date of Expand Energy Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 107.47 ÷ 27.60 = 3.89
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Expand Energy Corp. P/S ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Price to Book Value (P/BV)
Expand Energy Corp., historical P/BV calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 237,979,439 | 232,699,939 | 231,034,791 | 131,275,152 | 131,048,463 | 130,794,770 | 131,072,227 | 132,356,423 | 133,869,079 | 134,719,821 | 133,971,136 | 120,848,720 | 127,262,019 | 118,558,307 | 117,105,845 | 98,280,695 | 97,914,260 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Stockholders’ equity (in millions) | 17,191) | 17,565) | 10,188) | 10,370) | 10,682) | 10,729) | 10,268) | 10,396) | 10,283) | 9,124) | 6,347) | 5,808) | 5,383) | 5,671) | 3,038) | 3,413) | 3,881) | ||||||
| Book value per share (BVPS)2 | 72.24 | 75.48 | 44.10 | 78.99 | 81.51 | 82.03 | 78.34 | 78.55 | 76.81 | 67.73 | 47.38 | 48.06 | 42.30 | 47.83 | 25.94 | 34.73 | 39.64 | ||||||
| Share price1, 3 | 107.47 | 102.43 | 85.73 | 76.57 | 89.88 | 83.85 | 86.08 | 84.45 | 80.11 | 79.70 | 102.67 | 90.25 | 93.15 | 70.91 | 65.37 | 55.50 | 49.50 | ||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/BV ratio4 | 1.49 | 1.36 | 1.94 | 0.97 | 1.10 | 1.02 | 1.10 | 1.08 | 1.04 | 1.18 | 2.17 | 1.88 | 2.20 | 1.48 | 2.52 | 1.60 | 1.25 | ||||||
| Benchmarks | |||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||
| Chevron Corp. | 1.60 | 1.81 | 1.80 | 1.64 | 1.85 | 1.78 | 1.70 | 1.88 | 1.86 | 1.94 | 2.21 | 1.93 | 2.25 | 1.89 | 1.61 | 1.47 | 1.59 | ||||||
| ConocoPhillips | 1.72 | 1.91 | 2.53 | 2.53 | 2.90 | 2.65 | 3.03 | 2.90 | 2.47 | 2.75 | 3.40 | 2.28 | 2.70 | 2.61 | 2.19 | 1.69 | 1.74 | ||||||
| Exxon Mobil Corp. | 1.69 | 1.81 | 1.94 | 1.90 | 2.30 | 2.02 | 2.10 | 2.14 | 2.24 | 2.29 | 2.43 | 2.14 | 2.28 | 1.93 | 1.69 | 1.52 | 1.64 | ||||||
| Occidental Petroleum Corp. | 1.11 | 1.34 | 1.36 | 1.59 | 1.87 | 1.67 | 1.81 | 1.87 | 1.78 | 1.76 | 2.37 | 2.18 | 2.24 | 1.79 | 1.67 | 1.35 | 1.36 | ||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 17,191,000,000 ÷ 237,979,439 = 72.24
3 Closing price as at the filing date of Expand Energy Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 107.47 ÷ 72.24 = 1.49
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Expand Energy Corp. P/BV ratio decreased from Q3 2024 to Q4 2024 but then slightly increased from Q4 2024 to Q1 2025. |