Price to Earnings (P/E)
since 2005
Calculation
Anadarko Petroleum Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to common stockholders1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 17, 2017 | — | = | 66.77 | ÷ | -5.49 | -5.49 | = | -3,071 | ÷ | 558,979,551 | |
| Feb 17, 2016 | — | = | 40.50 | ÷ | -13.16 | -13.16 | = | -6,692 | ÷ | 508,438,647 | |
| Feb 20, 2015 | — | = | 85.45 | ÷ | -3.45 | -3.45 | = | -1,750 | ÷ | 506,650,285 | |
| Feb 28, 2014 | 52.93 | = | 84.16 | ÷ | 1.59 | 1.59 | = | 801 | ÷ | 503,767,298 | |
| Feb 19, 2013 | 17.61 | = | 84.13 | ÷ | 4.78 | 4.78 | = | 2,391 | ÷ | 500,565,966 | |
| Feb 21, 2012 | — | = | 85.74 | ÷ | -5.31 | -5.31 | = | -2,649 | ÷ | 498,427,854 | |
| Feb 23, 2011 | 51.95 | = | 79.67 | ÷ | 1.53 | 1.53 | = | 761 | ÷ | 496,258,104 | |
| Feb 23, 2010 | — | = | 69.18 | ÷ | -0.27 | -0.27 | = | -135 | ÷ | 492,562,381 | |
| Feb 25, 2009 | 5.01 | = | 35.54 | ÷ | 7.09 | 7.09 | = | 3,260 | ÷ | 459,881,004 | |
| Feb 29, 2008 | 7.90 | = | 63.74 | ÷ | 8.07 | 8.07 | = | 3,778 | ÷ | 468,065,186 | |
| Feb 28, 2007 | 3.85 | = | 40.29 | ÷ | 10.48 | 10.48 | = | 4,851 | ÷ | 463,098,338 | |
| Mar 3, 2006 | 9.54 | = | 51.04 | ÷ | 5.35 | 5.35 | = | 2,466 | ÷ | 460,882,446 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Anadarko Petroleum Corp. Annual Report.
The financial performance of Anadarko Petroleum Corp. from 2006 to 2017 is characterized by extreme volatility in earnings and a corresponding instability in the Price to Earnings (P/E) ratio. A divergence is evident between the company's share price and its actual profitability, particularly in the latter half of the period analyzed.
- Earnings per Share (EPS) Performance
- Earnings exhibited significant instability, transitioning from a period of relative strength between 2006 and 2009, where EPS peaked at 10.48 in 2007, to a period of frequent losses. Negative earnings were recorded in 2010, 2012, 2015, 2016, and 2017. The most severe contraction occurred in 2016, with EPS falling to negative 13.16.
- P/E Ratio Fluctuations
- The P/E ratio remained within a low range of 3.85 to 9.54 from 2006 through 2009. Following this period, the ratio became highly erratic. Significant spikes were observed in 2011 (51.95) and 2014 (52.93). These peaks occurred when the share price remained high while earnings per share dropped to marginal positive levels, suggesting a market expectation of recovery or a valuation decoupled from immediate earnings.
- Correlation Between Share Price and Profitability
- A notable disconnect is observed between market valuation and net income. Despite the onset of negative earnings in 2010 and 2012, the share price continued to climb, reaching a peak of 85.74 in 2012. This trend persisted through 2015, where the share price remained at 85.45 despite a negative EPS of 3.45. A significant price correction occurred in 2016, with the share price dropping to 40.50, coinciding with the period of maximum earnings loss.
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Comparison to Competitors
Anadarko Petroleum Corp., P/E, long-term trends, comparison to competitors
| Anadarko Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Feb 17, 2017 | — | — | — | 42.80 |
| Feb 17, 2016 | — | 35.02 | — | 20.96 |
| Feb 20, 2015 | — | 10.61 | 12.03 | 11.56 |
| Feb 28, 2014 | 52.93 | 10.04 | 8.91 | 12.71 |
| Feb 19, 2013 | 17.61 | 8.61 | 8.49 | 8.94 |
| Feb 21, 2012 | — | 7.96 | 7.60 | 10.03 |
| Feb 23, 2011 | 51.95 | 10.77 | 9.89 | 13.89 |
| Feb 23, 2010 | — | 13.81 | 14.78 | 15.92 |
| Feb 25, 2009 | 5.01 | 5.29 | — | 7.42 |
| Feb 29, 2008 | 7.90 | 9.89 | 10.59 | 11.78 |
| Feb 28, 2007 | 3.85 | 8.63 | 7.09 | 10.33 |
| Mar 3, 2006 | 9.54 | 9.04 | 6.31 | 10.03 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Anadarko Petroleum Corp., P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Anadarko Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 17, 2017 | — | 162.35 |
| Feb 17, 2016 | — | 33.10 |
| Feb 20, 2015 | — | 11.30 |
| Feb 28, 2014 | 52.93 | 11.25 |
| Feb 19, 2013 | 17.61 | 8.78 |
| Feb 21, 2012 | — | 8.96 |
| Feb 23, 2011 | 51.95 | 12.17 |
| Feb 23, 2010 | — | 15.12 |
| Feb 25, 2009 | 5.01 | 9.95 |
| Feb 29, 2008 | 7.90 | 11.08 |
| Feb 28, 2007 | 3.85 | 9.23 |
| Mar 3, 2006 | 9.54 | 9.02 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Anadarko Petroleum Corp., P/E, long-term trends, comparison to industry (energy)
| Anadarko Petroleum Corp. | Energy | |
|---|---|---|
| Feb 17, 2017 | — | 354.83 |
| Feb 17, 2016 | — | 33.85 |
| Feb 20, 2015 | — | 11.97 |
| Feb 28, 2014 | 52.93 | 11.81 |
| Feb 19, 2013 | 17.61 | 9.43 |
| Feb 21, 2012 | — | 9.63 |
| Feb 23, 2011 | 51.95 | 13.24 |
| Feb 23, 2010 | — | 15.83 |
| Feb 25, 2009 | 5.01 | 9.90 |
| Feb 29, 2008 | 7.90 | 11.66 |
| Feb 28, 2007 | 3.85 | 9.76 |
| Mar 3, 2006 | 9.54 | 9.78 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).