Price to Book Value (P/BV)
since 2005
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ConocoPhillips pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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Calculation
ConocoPhillips, P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 17, 2026 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 17, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-12-31), 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 price-to-book value (P/BV) ratio for the period examined exhibits considerable fluctuation. Initially, the ratio decreased from 1.62 in 2006 to a low of 1.03 in 2009, before generally increasing through 2011. Subsequent years demonstrate a more volatile pattern, peaking in 2018 and 2022, followed by declines in 2023 and 2024. The most recent values suggest a potential stabilization, though at a level lower than the recent peaks.
- Initial Decline (2006-2009)
- The P/BV ratio experienced a notable decline between 2006 and 2009, falling from 1.62 to 1.03. This decrease coincided with a significant reduction in share price, from US$61.89 to US$38.39, while the book value per share also decreased, though to a lesser extent. This suggests that market valuation decreased relative to the company’s net asset value during this period.
- Recovery and Volatility (2010-2017)
- From 2010 to 2017, the P/BV ratio demonstrated a recovery, reaching 1.70 in 2017. However, this period was characterized by volatility. Share price and book value per share both increased overall, but experienced yearly fluctuations. The ratio’s movement was influenced by both share price and book value changes, with share price generally exhibiting greater variability.
- Peak and Subsequent Adjustment (2018-2024)
- The P/BV ratio reached its highest point in the examined period in 2018 at 2.47, driven by a substantial increase in share price. The ratio continued to climb, peaking again in 2022 at 2.75. However, from 2022 to 2024, the ratio decreased to 2.06, despite an increase in book value per share. This decline was primarily driven by a decrease in share price from US$108.36 to US$97.45, indicating a potential correction in market valuation.
- Book Value Per Share Trend
- Book value per share generally increased over the period, although not consistently. It rose from US$38.25 in 2006 to US$52.76 in 2026, with dips in 2009, 2016, and 2021. The increase in book value suggests a growth in the company’s net asset base over time.
Overall, the P/BV ratio demonstrates a complex relationship between share price and book value per share. The fluctuations suggest sensitivity to market conditions and investor sentiment. The recent decline from peak values warrants further investigation to determine if it represents a sustained trend or a temporary adjustment.
Comparison to Competitors
ConocoPhillips, P/BV, long-term trends, comparison to competitors
| ConocoPhillips | Chevron Corp. | Exxon Mobil Corp. | |
|---|---|---|---|
| Feb 17, 2026 | |||
| Feb 18, 2025 | |||
| Feb 15, 2024 | |||
| Feb 16, 2023 | |||
| Feb 17, 2022 | |||
| Feb 16, 2021 | |||
| Feb 18, 2020 | |||
| Feb 19, 2019 | |||
| Feb 20, 2018 | |||
| Feb 21, 2017 | |||
| Feb 23, 2016 | |||
| Feb 24, 2015 | |||
| Feb 25, 2014 | |||
| Feb 19, 2013 | |||
| Feb 21, 2012 | |||
| Feb 23, 2011 | |||
| Feb 25, 2010 | |||
| Feb 25, 2009 | |||
| Feb 22, 2008 | |||
| Feb 23, 2007 | |||
| Feb 27, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 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)
ConocoPhillips, P/BV, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ConocoPhillips | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 17, 2026 | ||
| Feb 18, 2025 | ||
| Feb 15, 2024 | ||
| Feb 16, 2023 | ||
| Feb 17, 2022 | ||
| Feb 16, 2021 | ||
| Feb 18, 2020 | ||
| Feb 19, 2019 | ||
| Feb 20, 2018 | ||
| Feb 21, 2017 | ||
| Feb 23, 2016 | ||
| Feb 24, 2015 | ||
| Feb 25, 2014 | ||
| Feb 19, 2013 | ||
| Feb 21, 2012 | ||
| Feb 23, 2011 | ||
| Feb 25, 2010 | ||
| Feb 25, 2009 | ||
| Feb 22, 2008 | ||
| Feb 23, 2007 | ||
| Feb 27, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 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 Industry (Energy)
ConocoPhillips, P/BV, long-term trends, comparison to industry (energy)
| ConocoPhillips | Energy | |
|---|---|---|
| Feb 17, 2026 | ||
| Feb 18, 2025 | ||
| Feb 15, 2024 | ||
| Feb 16, 2023 | ||
| Feb 17, 2022 | ||
| Feb 16, 2021 | ||
| Feb 18, 2020 | ||
| Feb 19, 2019 | ||
| Feb 20, 2018 | ||
| Feb 21, 2017 | ||
| Feb 23, 2016 | ||
| Feb 24, 2015 | ||
| Feb 25, 2014 | ||
| Feb 19, 2013 | ||
| Feb 21, 2012 | ||
| Feb 23, 2011 | ||
| Feb 25, 2010 | ||
| Feb 25, 2009 | ||
| Feb 22, 2008 | ||
| Feb 23, 2007 | ||
| Feb 27, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 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).