Price to Sales (P/S)
since 2005
Calculation
Apache Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Oil and gas production revenues1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2016 | 2.34 | = | 39.47 | ÷ | 16.87 | 16.87 | = | 6,383 | ÷ | 378,297,784 | |
| Feb 27, 2015 | 1.80 | = | 65.84 | ÷ | 36.49 | 36.49 | = | 13,749 | ÷ | 376,823,368 | |
| Feb 28, 2014 | 1.91 | = | 79.29 | ÷ | 41.55 | 41.55 | = | 16,402 | ÷ | 394,724,983 | |
| Mar 1, 2013 | 1.70 | = | 73.75 | ÷ | 43.26 | 43.26 | = | 16,947 | ÷ | 391,758,883 | |
| Feb 29, 2012 | 2.47 | = | 107.93 | ÷ | 43.74 | 43.74 | = | 16,810 | ÷ | 384,321,970 | |
| Feb 28, 2011 | 3.92 | = | 124.62 | ÷ | 31.83 | 31.83 | = | 12,183 | ÷ | 382,752,217 | |
| Feb 26, 2010 | 4.07 | = | 103.64 | ÷ | 25.48 | 25.48 | = | 8,574 | ÷ | 336,550,234 | |
| Mar 2, 2009 | 1.42 | = | 52.35 | ÷ | 36.83 | 36.83 | = | 12,328 | ÷ | 334,753,638 | |
| Feb 29, 2008 | 3.83 | = | 114.71 | ÷ | 29.92 | 29.92 | = | 9,962 | ÷ | 332,991,134 | |
| Mar 1, 2007 | 2.81 | = | 68.48 | ÷ | 24.40 | 24.40 | = | 8,074 | ÷ | 330,958,433 | |
| Mar 14, 2006 | 2.89 | = | 65.23 | ÷ | 22.58 | 22.58 | = | 7,457 | ÷ | 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 Trends
- The share price experienced considerable fluctuations throughout the observed period. Initially, it rose moderately from 65.23 USD in 2006 to a peak of 114.71 USD in 2008. This was followed by a sharp decline in 2009 to 52.35 USD. Subsequently, there was a recovery with the price reaching 124.62 USD in 2011, before generally declining over the following years to a low of 39.47 USD in 2016.
- Sales Per Share Patterns
- Sales per share showed a generally positive trend in the early years, increasing from 22.58 USD in 2006 to a high of 43.74 USD in 2012. Following this peak, sales per share exhibited a decline, dropping steadily to 16.87 USD by 2016. The decrease after 2012 could indicate reduced revenue generation or volume per share.
- Price-to-Sales (P/S) Ratio Movement
- The P/S ratio displayed notable volatility across the years. It began at 2.89 in 2006, rising to its highest level of 4.07 in 2010, suggesting the market valued the company’s sales more highly at that time. After 2010, the ratio declined, reaching 1.7 in 2013, before fluctuating slightly and ending at 2.34 in 2016. This decline and variation may reflect changing investor sentiment, market conditions, or company profitability relative to sales.
- Overall Insights
- The data indicate a period of high volatility in both share price and valuation multiples. The peak in share price and P/S ratio around 2010-2011 contrasts with the significant declines observed in subsequent years. Sales per share trends suggest that after a period of growth until 2012, the company faced challenges resulting in decreasing sales per share through to 2016. The decline in share price alongside declining sales per share might point to operational or market difficulties impacting financial performance and investor confidence.
Comparison to Competitors
Apache Corp., P/S, long-term trends, comparison to competitors
| Apache Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Feb 26, 2016 | 2.34 | 1.24 | 1.38 | 1.30 | 4.27 |
| Feb 27, 2015 | 1.80 | 1.02 | 1.57 | 0.95 | 3.18 |
| Feb 28, 2014 | 1.91 | 0.98 | 1.50 | 0.98 | 3.12 |
| Mar 1, 2013 | 1.70 | 0.98 | 1.23 | 0.89 | 2.73 |
| Feb 29, 2012 | 2.47 | 0.88 | 0.39 | 0.88 | 3.55 |
| Feb 28, 2011 | 3.92 | 1.03 | 0.59 | 1.14 | 4.34 |
| Feb 26, 2010 | 4.07 | 0.87 | 0.48 | 1.02 | 4.17 |
| Mar 2, 2009 | 1.42 | 0.48 | 0.24 | 0.73 | 1.69 |
| Feb 29, 2008 | 3.83 | 0.86 | 0.67 | 1.23 | 3.22 |
| Mar 1, 2007 | 2.81 | 0.72 | 0.60 | 1.12 | 2.20 |
| Mar 14, 2006 | 2.89 | 0.66 | 0.48 | 1.01 | 2.45 |
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/S, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Apache Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 26, 2016 | 2.34 | 1.37 |
| Feb 27, 2015 | 1.80 | 1.09 |
| Feb 28, 2014 | 1.91 | 1.09 |
| Mar 1, 2013 | 1.70 | 1.00 |
| Feb 29, 2012 | 2.47 | 0.82 |
| Feb 28, 2011 | 3.92 | 1.06 |
| Feb 26, 2010 | 4.07 | 0.93 |
| Mar 2, 2009 | 1.42 | 0.57 |
| Feb 29, 2008 | 3.83 | 1.05 |
| Mar 1, 2007 | 2.81 | 0.91 |
| Mar 14, 2006 | 2.89 | 0.82 |
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/S, long-term trends, comparison to industry (energy)
| Apache Corp. | Energy | |
|---|---|---|
| Feb 26, 2016 | 2.34 | 1.45 |
| Feb 27, 2015 | 1.80 | 1.16 |
| Feb 28, 2014 | 1.91 | 1.18 |
| Mar 1, 2013 | 1.70 | 1.07 |
| Feb 29, 2012 | 2.47 | 0.89 |
| Feb 28, 2011 | 3.92 | 1.17 |
| Feb 26, 2010 | 4.07 | 1.01 |
| Mar 2, 2009 | 1.42 | 0.60 |
| Feb 29, 2008 | 3.83 | 1.14 |
| Mar 1, 2007 | 2.81 | 0.99 |
| Mar 14, 2006 | 2.89 | 0.90 |
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).