Common Stock Valuation Ratios (Price Multiples) Quarterly Data

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Historical Valuation Ratios (Summary)

ConocoPhillips, historical price multiples (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Price to earnings (P/E) 22.30 16.51 12.03 9.01 10.69 10.35 8.91
Price to operating profit (P/OP) 226.98 25.35 11.84 8.60 9.14 8.58 7.31
Price to sales (P/S) 2.53 2.21 2.20 1.98 2.18 2.51 2.33 2.05 2.07 1.38 2.03 1.57 1.85 1.57 1.55 1.75 1.70 1.50
Price to book value (P/BV) 2.52 2.10 2.00 1.80 1.61 1.70 1.49 1.31 1.43 1.02 1.58 1.27 1.70 1.59 1.53 1.77 1.78 1.57 1.74 1.70 1.51
Ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. ConocoPhillips's P/S ratio increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company's required rate of return and its actual rate of return. ConocoPhillips's P/BV ratio increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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Price to Earnings (P/E)

ConocoPhillips, historical P/E calculation (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
No. shares of common stock outstanding1 1,170,066,208 1,174,577,506 1,195,515,824 1,216,949,231 1,237,103,953 1,235,832,469 1,239,027,409 1,238,505,159 1,238,387,216 1,236,202,726 1,234,641,991 1,233,458,569 1,232,946,616 1,231,461,668 1,230,912,872 1,229,567,936 1,227,705,457 1,226,104,592 1,225,098,698 1,223,007,256 1,222,661,180
Selected Financial Data (USD $)
Net income (loss) attributable to ConocoPhillips (in millions) 888  1,579  420  (3,440) 586  (35) (1,040) (1,071) (1,469) (3,450) (1,071) (179) 272  (39) 2,704  2,081  2,123  2,487  2,480  2,050  2,139 
Earnings per share (EPS)3 -0.47 -0.73 -2.07 -3.23 -1.26 -2.93 -5.67 -5.70 -4.98 -3.58 -0.82 2.24 4.07 5.58 7.63 7.46 7.44 7.47
Share price1, 2 65.71 54.84 51.15 44.75 45.92 48.13 43.54 39.79 45.08 32.92 56.73 49.87 67.20 67.09 68.77 79.74 77.08 66.52 72.57 67.23 60.45
P/E ratio4 22.30 16.51 12.03 9.01 10.69 10.35 8.91

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of ConocoPhillips's Quarterly or Annual Report.

Q1 2018 Calculations

3 EPS = (Net income (loss) attributable to ConocoPhillipsQ1 2018 + Net income (loss) attributable to ConocoPhillipsQ4 2017 + Net income (loss) attributable to ConocoPhillipsQ3 2017 + Net income (loss) attributable to ConocoPhillipsQ2 2017) ÷ No. shares of common stock outstanding
= (888,000,000 + 1,579,000,000 + 420,000,000 + -3,440,000,000) ÷ 1,170,066,208 = -0.47

4 P/E ratio = Share price ÷ EPS
= 65.71 ÷ -0.47 = –

Ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.

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Price to Operating Profit (P/OP)

ConocoPhillips, historical P/OP calculation (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
No. shares of common stock outstanding1 1,170,066,208 1,174,577,506 1,195,515,824 1,216,949,231 1,237,103,953 1,235,832,469 1,239,027,409 1,238,505,159 1,238,387,216 1,236,202,726 1,234,641,991 1,233,458,569 1,232,946,616 1,231,461,668 1,230,912,872 1,229,567,936 1,227,705,457 1,226,104,592 1,225,098,698 1,223,007,256 1,222,661,180
Selected Financial Data (USD $)
Operating income (loss) (in millions) 2,024  890  453  (5,909) (92) (167) (1,407) (1,576) (1,821) (5,235) (1,818) (256) (456) (874) 1,857  2,742  3,254  1,995  2,738  3,036  3,396 
Operating profit per share3 -2.17 -3.97 -4.78 -6.22 -2.62 -4.02 -8.10 -8.44 -7.37 -6.28 -2.76 0.22 2.65 5.67 8.00 8.73 8.98 9.11
Share price1, 2 65.71 54.84 51.15 44.75 45.92 48.13 43.54 39.79 45.08 32.92 56.73 49.87 67.20 67.09 68.77 79.74 77.08 66.52 72.57 67.23 60.45
P/OP ratio4 226.98 25.35 11.84 8.60 9.14 8.58 7.31

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of ConocoPhillips's Quarterly or Annual Report.

Q1 2018 Calculations

3 Operating profit per share = (Operating income (loss)Q1 2018 + Operating income (loss)Q4 2017 + Operating income (loss)Q3 2017 + Operating income (loss)Q2 2017) ÷ No. shares of common stock outstanding
= (2,024,000,000 + 890,000,000 + 453,000,000 + -5,909,000,000) ÷ 1,170,066,208 = -2.17

4 P/OP ratio = Share price ÷ Operating profit per share
= 65.71 ÷ -2.17 = –

Ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.

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Price to Sales (P/S)

ConocoPhillips, historical P/S calculation (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
No. shares of common stock outstanding1 1,170,066,208 1,174,577,506 1,195,515,824 1,216,949,231 1,237,103,953 1,235,832,469 1,239,027,409 1,238,505,159 1,238,387,216 1,236,202,726 1,234,641,991 1,233,458,569 1,232,946,616 1,231,461,668 1,230,912,872 1,229,567,936 1,227,705,457 1,226,104,592 1,225,098,698 1,223,007,256 1,222,661,180
Selected Financial Data (USD $)
Sales and other operating revenues (in millions) 8,798  8,119  6,688  6,781  7,518  6,809  6,415  5,348  5,121  6,293  7,262  8,293  7,716  11,208  12,080  13,821  15,415  13,254  13,643  13,350  14,166 
Sales per share3 25.97 24.78 23.25 22.62 21.09 19.17 18.71 19.40 21.78 23.92 27.93 31.86 36.36 42.65 44.33 45.65 45.34 44.38
Share price1, 2 65.71 54.84 51.15 44.75 45.92 48.13 43.54 39.79 45.08 32.92 56.73 49.87 67.20 67.09 68.77 79.74 77.08 66.52 72.57 67.23 60.45
P/S ratio4 2.53 2.21 2.20 1.98 2.18 2.51 2.33 2.05 2.07 1.38 2.03 1.57 1.85 1.57 1.55 1.75 1.70 1.50

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of ConocoPhillips's Quarterly or Annual Report.

Q1 2018 Calculations

3 Sales per share = (Sales and other operating revenuesQ1 2018 + Sales and other operating revenuesQ4 2017 + Sales and other operating revenuesQ3 2017 + Sales and other operating revenuesQ2 2017) ÷ No. shares of common stock outstanding
= (8,798,000,000 + 8,119,000,000 + 6,688,000,000 + 6,781,000,000) ÷ 1,170,066,208 = 25.97

4 P/S ratio = Share price ÷ Sales per share
= 65.71 ÷ 25.97 = 2.53

Ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. ConocoPhillips's P/S ratio increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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Price to Book Value (P/BV)

ConocoPhillips, historical P/BV calculation (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
No. shares of common stock outstanding1 1,170,066,208 1,174,577,506 1,195,515,824 1,216,949,231 1,237,103,953 1,235,832,469 1,239,027,409 1,238,505,159 1,238,387,216 1,236,202,726 1,234,641,991 1,233,458,569 1,232,946,616 1,231,461,668 1,230,912,872 1,229,567,936 1,227,705,457 1,226,104,592 1,225,098,698 1,223,007,256 1,222,661,180
Selected Financial Data (USD $)
Common stockholders’ equity (in millions) 30,546  30,607  30,500  30,286  35,353  34,974  36,170  37,544  39,089  39,762  44,210  48,620  48,652  51,911  55,274  55,315  53,222  52,090  51,113  48,508  48,803 
Book value per share (BVPS)3 26.11 26.06 25.51 24.89 28.58 28.30 29.19 30.31 31.56 32.16 35.81 39.42 39.46 42.15 44.90 44.99 43.35 42.48 41.72 39.66 39.92
Share price1, 2 65.71 54.84 51.15 44.75 45.92 48.13 43.54 39.79 45.08 32.92 56.73 49.87 67.20 67.09 68.77 79.74 77.08 66.52 72.57 67.23 60.45
P/BV ratio4 2.52 2.10 2.00 1.80 1.61 1.70 1.49 1.31 1.43 1.02 1.58 1.27 1.70 1.59 1.53 1.77 1.78 1.57 1.74 1.70 1.51

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of ConocoPhillips's Quarterly or Annual Report.

Q1 2018 Calculations

3 BVPS = Common stockholders’ equity ÷ No. shares of common stock outstanding
= 30,546,000,000 ÷ 1,170,066,208 = 26.11

4 P/BV ratio = Share price ÷ BVPS
= 65.71 ÷ 26.11 = 2.52

Ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company's required rate of return and its actual rate of return. ConocoPhillips's P/BV ratio increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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