Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

ConocoPhillips, P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 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 ConocoPhillips Annual Report.

The data reveals several notable trends in the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over the analyzed periods.

Share Price
The share price exhibited significant volatility across the years. Initially, it increased from approximately 61.89 to a peak near 80.61 within the first three years. This was followed by a sharp decline to around 38.39 in 2009. A recovery phase ensued, with the price generally rising to above 90 by 2022 and reaching a high of 111 before experiencing a minor decline towards the end of the period, ending near 97.45. The fluctuations suggest sensitivity to market or sector-specific conditions, including external economic factors around the 2008–2009 financial crisis and more recent market dynamics.
Book Value Per Share (BVPS)
BVPS showed a less volatile but still fluctuating pattern. It increased steadily in the earlier years, peaking around 56.99 in 2008 before declining sharply to 37.27 in 2009, mirroring the share price drop during the financial crisis. Post-2009, BVPS generally ranged between low 20s to mid-40s, indicating some recovery but with periods of decline such as a notable drop in 2021 to 22.03. The trend indicates challenges in asset valuation or equity performance over time, with improvement towards the latest periods reaching 50.93.
Price-to-Book Value (P/BV) Ratio
The P/BV ratio fluctuated between just above 1 and 2.75 during the timeline, reflecting changes in market valuation relative to book value. In the early years, the ratio remained close to or slightly above 1, indicating the market price was near the book value. A significant rise occurred post-2011, peaking at 2.75 in 2023, suggesting that the market increasingly valued the company above its book value, possibly due to improved investor confidence or anticipated future prospects. However, the ratio declined to 1.91 by the most recent period, which could signal revaluation or market adjustments.

Overall, the trends indicate the company faced considerable market and asset valuation fluctuations aligned with economic cycles, with periods of recovery and growth following downturns. The elevated P/BV ratios in recent years imply a premium valuation by investors despite fluctuations in fundamental book value, which could denote expectations of future profitability or sectoral growth potential.


Comparison to Competitors

ConocoPhillips, P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 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)


Comparison to Industry (Energy)