Expand Energy Corp. (NASDAQ:EXE)

Price to Earnings (P/E) Ratio

The P/E ratio exhibits notable volatility over the reported quarters. Starting at 1.33 in December 2021, it declined somewhat before experiencing an upward trend beginning in late 2022. It peaked dramatically at 77.98 by the end of 2024, indicating increasing market valuation relative to earnings, followed by missing data in the last period. This pattern may suggest fluctuating earnings or changes in investor expectations over time.

Price to Operating Profit (P/OP) Ratio

This ratio follows a trajectory similar to the P/E ratio, indicating parallel market valuation trends relative to operating profits. It begins at 11.94 in December 2021, decreases, and then rises steadily to a peak of 64.1 by December 2024. The significant increase toward the end suggests growing price multiples against operating profits, potentially driven by either decreasing operating profits or increasing share prices.

Price to Sales (P/S) Ratio

The P/S ratio shows a generally upward trend from 1.15 in March 2022 to a high of 6.02 in December 2024. The earlier periods reveal moderate fluctuations but overall stability around 1.0 to 1.8. The sharp increase in late 2024 signals a rising market valuation in relation to sales, which might result from improving sales figures or elevated stock prices.

Price to Book Value (P/BV) Ratio

The P/BV ratio fluctuates between 1.25 and 2.52 in the first year and stabilizes near 1.0 to 1.2 in the subsequent quarters through 2023 and early 2024. Late 2024 sees a spike up to 1.94 before dipping again. This relative stability followed by mild volatility suggests that the book value per share has maintained consistency, with market price adjustments causing changes in the ratio.

The quarterly data reveals several notable trends in the financial performance and valuation metrics over the analyzed periods.

Share Price

The share price exhibited an overall upward trajectory from March 2021 to March 2025, beginning at $49.5 and reaching $107.47 by the end. The price experienced steady growth initially, peaking at $102.67 in September 2022 before retracting to $79.7 at the end of 2022. After a mild recovery and some fluctuations through 2023 and mid-2024, a strong rise occurred again in the final quarters, culminating in the peak value in March 2025.

Earnings per Share (EPS)

EPS data is available beginning March 2022, displaying considerable volatility. Starting with a negative EPS of -0.9 in June 2022, the company rapidly improved earnings to a peak of 52.45 in June 2023. This peak is followed by a consistent decline through late 2023 and 2024, turning negative again by March 2025 at -4.16. Overall, the EPS pattern indicates a period of strong profitability succeeded by a downturn, reflecting potential operational challenges or increased expenses.

Price-to-Earnings Ratio (P/E)

The P/E ratio data, starting from June 2022, initially shows fluctuating, relatively low multiples between approximately 1.33 and 6.98, which suggests the stock was reasonably valued during periods of positive earnings. As EPS fell sharply in the later periods, the P/E ratio increased dramatically to 77.98 by December 2024, indicative of deteriorating earnings or market expectations shifts. This sharp rise in the P/E ratio corresponds with the declining EPS, suggesting reduced profitability and increased valuation uncertainty.

In summary, the equity value of the company, as reflected by the share price, generally trended upward with intermittent volatility. However, the earnings performance showed a peak followed by a significant decline, negatively impacting valuation metrics. The disconnect between share price growth and declining earnings in the latter periods suggests market optimism despite financial challenges or anticipation of future recovery.

The financial data reveals several notable trends over the reported periods. The share price exhibits an overall upward trajectory from March 2021 through March 2025, increasing from $49.5 to $107.47. Despite this general growth, fluctuations are observable, including a peak at $102.67 in September 2022 followed by a decline to $76.57 in June 2024 before rising again toward the end of the timeline.

Operating profit per share (OPPS) is available from December 2021 onwards. Initial values show volatility, starting at $5.94, declining to negative $1.11 in June 2022, then rising sharply to a peak of $47.76 in June 2023. After this peak, OPPS trends downward, declining to a negative value of -$4.63 by March 2025, indicating a deterioration in operating profitability toward the end of the period.

The price to operating profit ratio (P/OP) displays an inverse relationship relative to the OPPS. Early ratios are quite high, with 11.94 noted in December 2021 and no corresponding ratio available for June 2022. The ratio decreases substantially to as low as 1.68 in June 2023, reflecting strong operating profits relative to the share price. However, starting from mid-2023, the ratio rises dramatically, reaching 64.1 by December 2024, potentially signaling overvaluation or shrinking operating profits during this period. The ratio data for March 2025 is absent.

In summary, the share price shows strong growth but with periods of volatility, which is consistent with fluctuating operating profits. The sharp increase in operating profit during mid-2023 correlates with low P/OP ratios, indicative of strong value creation. Subsequent declines in operating profit lead to increased valuation multiples, suggesting reduced profitability or higher market expectations not supported by operating performance. The negative operating profit at the end of the period is a noteworthy concern, potentially reflecting operational challenges or market pressures.

Share price trend

General upward movement from $49.5 to $107.47 over four years, with interim peaks and troughs.

Operating Profit per Share trend

Volatile with a significant peak at $47.76 in mid-2023, followed by a decline into negative territory by early 2025.

Price to Operating Profit Ratio trend

Decreased initially indicating strong profitability, then increased sharply from 2023 onward, suggesting growing valuation multiples amidst declining operating profit.

Key insights

The data indicates a period of profitable growth in 2022-2023, followed by weakening operational performance and higher valuation multiples, signaling potential financial and operational challenges in late stages.

The analysis of the quarterly financial data indicates several notable trends in the share price, sales per share, and price-to-sales (P/S) ratio over the observed periods.

Share Price

The share price showed a general upward trend from March 31, 2021, to March 31, 2025. It started at $49.50 and increased steadily, reaching a peak of $107.47 by March 31, 2025. There were fluctuations, particularly a decline from $102.67 in September 30, 2022, to $79.70 in December 31, 2022, and a mid-term drop in June 30, 2024, to $76.57. However, recovery occurred towards the end of the period, culminating in the highest share price recorded.

Sales per Share

Sales per share data is available from March 31, 2022, onwards. Initial values were relatively high, starting at $61.58 and rising to a peak of $104.83 by March 31, 2023. After this peak, there was a consistent decline through 2023 and part of 2024, hitting a low of $14.24 at June 30, 2024. However, an upward trend resumed thereafter, with sales per share rising to $27.60 by March 31, 2025. The pattern suggests a sharp rise initially, followed by a substantial drop, and then recovery towards the end of the observed timeline.

Price-to-Sales (P/S) Ratio

The P/S ratio began at 1.15 in March 31, 2022, and fluctuated throughout the periods. It decreased to 0.76 by March 31, 2023, indicating that the share price had become relatively lower compared to sales per share at that time. From there, the ratio trended upward, peaking dramatically at 6.02 by December 31, 2024, before slightly easing to 3.89 by March 31, 2025. This sharp increase in the P/S ratio towards the latter part of the timeline corresponds with the recovery in share price alongside very low sales per share, indicating increased market valuation relative to sales.

Overall, the data reveals that market valuation experienced some volatility but showed growth over the analyzed quarters. Share prices generally increased despite fluctuations, sales per share showed a rise and then steep decline followed by recovery, and the P/S ratio reflected these dynamics by increasing significantly when sales per share were low but share price remained strong. These trends could suggest changing investor expectations, market conditions, or operational factors affecting revenue generation relative to market capitalization.

The analysis of the quarterly financial data reveals several noteworthy trends in the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over the observed periods.

Share Price Trend

The share price demonstrated a general upward trajectory from March 31, 2021, starting at $49.50 and reaching a peak of $102.67 on September 30, 2022. This growth was followed by a decline to $79.70 at the end of 2022. During 2023, the share price exhibited moderate recovery and fluctuation, remaining mostly within the $80 to $86 range for the first three quarters and slightly dropping to $83.85 in the fourth quarter. In 2024, the price showed variability with a dip to $76.57 in mid-year and a subsequent rise to $102.43 by the end of the year. The most recent value on March 31, 2025, stood at $107.47, marking the highest point in the entire dataset.

Book Value per Share (BVPS) Trend

The BVPS started at $39.64 at the beginning of the period and displayed several fluctuations, including a notable decrease to $25.94 in September 2021 followed by a sharp increase to $47.83 at the end of 2021. BVPS generally rose throughout 2022 and 2023, peaking at $82.03 by December 31, 2023. However, during 2024, the BVPS experienced volatility, dipping significantly to $44.10 in September before partially recovering to $75.48 by year-end. The most recent quarter shows a slight decrease to $72.24. Overall, BVPS indicates periods of both strong growth and significant adjustments.

Price-to-Book Value (P/BV) Ratio Trend

The P/BV ratio revealed considerable variability during the observed timeframe. Initially, the ratio rose from 1.25 to a high of 2.52 in September 2021, reflecting a substantial premium of the share price over book value during that period. Following this peak, the ratio declined and stabilized at lower levels, generally hovering around 1.0 to 1.2 throughout much of 2022 and 2023, indicating valuations closer to book value. In 2024, the P/BV ratio fell below 1.0 in June (0.97) and then spiked sharply to 1.94 in September before easing back to 1.36 and 1.49 in the last two quarters. The fluctuations in the P/BV ratio suggest changing market perceptions of the company's intrinsic value relative to its book value.

In summary, the data portray a company experiencing growth in market valuation with intermittent periods of correction and volatility. The share price and book value per share each exhibit upward trends with notable fluctuations, while the P/BV ratio indicates shifting investor sentiment and valuation multiples across the quarters analyzed.