Price to Earnings (P/E)
since 2005
Calculation
Apache Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Income (loss) attributable to common stock1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2016 | — | = | 39.47 | ÷ | -61.11 | -61.11 | = | -23,119 | ÷ | 378,297,784 | |
| Feb 27, 2015 | — | = | 65.84 | ÷ | -14.34 | -14.34 | = | -5,403 | ÷ | 376,823,368 | |
| Feb 28, 2014 | 14.30 | = | 79.29 | ÷ | 5.54 | 5.54 | = | 2,188 | ÷ | 394,724,983 | |
| Mar 1, 2013 | 15.01 | = | 73.75 | ÷ | 4.91 | 4.91 | = | 1,925 | ÷ | 391,758,883 | |
| Feb 29, 2012 | 9.20 | = | 107.93 | ÷ | 11.73 | 11.73 | = | 4,508 | ÷ | 384,321,970 | |
| Feb 28, 2011 | 15.90 | = | 124.62 | ÷ | 7.84 | 7.84 | = | 3,000 | ÷ | 382,752,217 | |
| Feb 26, 2010 | — | = | 103.64 | ÷ | -0.87 | -0.87 | = | -292 | ÷ | 336,550,234 | |
| Mar 2, 2009 | 24.81 | = | 52.35 | ÷ | 2.11 | 2.11 | = | 706 | ÷ | 334,753,638 | |
| Feb 29, 2008 | 13.61 | = | 114.71 | ÷ | 8.43 | 8.43 | = | 2,807 | ÷ | 332,991,134 | |
| Mar 1, 2007 | 8.90 | = | 68.48 | ÷ | 7.70 | 7.70 | = | 2,547 | ÷ | 330,958,433 | |
| Mar 14, 2006 | 8.23 | = | 65.23 | ÷ | 7.93 | 7.93 | = | 2,618 | ÷ | 330,307,585 |
Based on: 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 Apache Corp. Annual Report.
- Share Price Trend
- The share price showed considerable volatility over the period analyzed. It increased from $65.23 in 2006 to a peak of $124.62 in 2011, indicating strong growth during these years. However, after 2011, there was a general decline, with the share price falling to $39.47 by early 2016. This represents a significant decrease, reflecting possible market or company-specific challenges in the latter years.
- Earnings per Share (EPS) Trend
- Earnings per share exhibited large fluctuations throughout the period. Starting at $7.93 in 2006, the EPS remained relatively stable until 2008 but dropped sharply to $2.11 in 2009. In 2010, the EPS became negative at -$0.87, indicating losses, followed by a recovery to $11.73 in 2012. Thereafter, EPS again experienced a downward trend, falling to a significant negative value of -$61.11 by 2016. This extreme volatility points to inconsistent profitability and potential operational or market difficulties.
- Price-to-Earnings (P/E) Ratio Trend
- The P/E ratio exhibited considerable variability in relation to EPS and share price changes. Initially, it rose from 8.23 in 2006 to 24.81 in 2009, suggesting increased market valuation relative to earnings despite declining earnings. The P/E ratio then fluctuated, reaching 15.9 in 2011 and dropping again to 9.2 by 2012. Between 2013 and 2014, the P/E ratio remained relatively stable around 14-15. Data is missing in the most recent years likely due to negative EPS, which typically renders P/E ratios undefined or less meaningful.
- Overall Insights
- The data reveals a company experiencing high volatility in both market valuation and profitability. The share price and EPS do not consistently move in tandem, with periods of increasing share price despite declining earnings and vice versa. Particularly concerning is the sharp deterioration in EPS from 2014 onwards, culminating in substantial losses by 2016. The fluctuating P/E ratio indicates changing investor sentiment and valuation perspectives during the timeframe, complicated by the impact of negative earnings. These patterns suggest operational challenges and financial instability in the later years.
Comparison to Competitors
Apache Corp., P/E, long-term trends, comparison to competitors
| Apache Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Feb 26, 2016 | — | 35.02 | — | 20.96 | — |
| Feb 27, 2015 | — | 10.61 | 12.03 | 11.56 | 99.82 |
| Feb 28, 2014 | 14.30 | 10.04 | 8.91 | 12.71 | 12.93 |
| Mar 1, 2013 | 15.01 | 8.61 | 8.49 | 8.94 | 14.33 |
| Feb 29, 2012 | 9.20 | 7.96 | 7.60 | 10.03 | 12.54 |
| Feb 28, 2011 | 15.90 | 10.77 | 9.89 | 13.89 | 18.26 |
| Feb 26, 2010 | — | 13.81 | 14.78 | 15.92 | 22.01 |
| Mar 2, 2009 | 24.81 | 5.29 | — | 7.42 | 5.96 |
| Feb 29, 2008 | 13.61 | 9.89 | 10.59 | 11.78 | 11.21 |
| Mar 1, 2007 | 8.90 | 8.63 | 7.09 | 10.33 | 9.28 |
| Mar 14, 2006 | 8.23 | 9.04 | 6.31 | 10.03 | 7.06 |
Based on: 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)
Apache Corp., P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Apache Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 26, 2016 | — | 69.95 |
| Feb 27, 2015 | — | 12.22 |
| Feb 28, 2014 | 14.30 | 11.39 |
| Mar 1, 2013 | 15.01 | 9.08 |
| Feb 29, 2012 | 9.20 | 9.24 |
| Feb 28, 2011 | 15.90 | 12.59 |
| Feb 26, 2010 | — | 15.66 |
| Mar 2, 2009 | 24.81 | 9.49 |
| Feb 29, 2008 | 13.61 | 11.09 |
| Mar 1, 2007 | 8.90 | 9.23 |
| Mar 14, 2006 | 8.23 | 8.87 |
Based on: 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)
Apache Corp., P/E, long-term trends, comparison to industry (energy)
| Apache Corp. | Energy | |
|---|---|---|
| Feb 26, 2016 | — | 64.02 |
| Feb 27, 2015 | — | 12.81 |
| Feb 28, 2014 | 14.30 | 11.89 |
| Mar 1, 2013 | 15.01 | 9.68 |
| Feb 29, 2012 | 9.20 | 9.84 |
| Feb 28, 2011 | 15.90 | 13.56 |
| Feb 26, 2010 | — | 16.28 |
| Mar 2, 2009 | 24.81 | 9.48 |
| Feb 29, 2008 | 13.61 | 11.63 |
| Mar 1, 2007 | 8.90 | 9.74 |
| Mar 14, 2006 | 8.23 | 9.58 |
Based on: 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).