Price to Sales (P/S)
since 2005
Calculation
EOG Resources Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Operating revenues and other1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2020 | 2.01 | = | 60.00 | ÷ | 29.86 | 29.86 | = | 17,379,973 | ÷ | 582,054,451 | |
| Feb 26, 2019 | 3.15 | = | 93.91 | ÷ | 29.78 | 29.78 | = | 17,275,399 | ÷ | 580,053,225 | |
| Feb 27, 2018 | 5.52 | = | 106.94 | ÷ | 19.37 | 19.37 | = | 11,208,320 | ÷ | 578,636,343 | |
| Feb 27, 2017 | 7.38 | = | 97.91 | ÷ | 13.26 | 13.26 | = | 7,650,632 | ÷ | 576,832,077 | |
| Feb 25, 2016 | 4.30 | = | 68.50 | ÷ | 15.93 | 15.93 | = | 8,757,428 | ÷ | 549,883,390 | |
| Feb 18, 2015 | 2.90 | = | 95.31 | ÷ | 32.88 | 32.88 | = | 18,035,340 | ÷ | 548,445,003 | |
| Feb 24, 2014 | 3.40 | = | 90.20 | ÷ | 26.52 | 26.52 | = | 14,487,118 | ÷ | 546,239,144 | |
| Feb 22, 2013 | 2.92 | = | 62.67 | ÷ | 21.50 | 21.50 | = | 11,682,636 | ÷ | 543,493,020 | |
| Feb 24, 2012 | 3.12 | = | 58.78 | ÷ | 18.82 | 18.82 | = | 10,126,115 | ÷ | 538,171,214 | |
| Feb 24, 2011 | 4.59 | = | 55.09 | ÷ | 11.99 | 11.99 | = | 6,099,896 | ÷ | 508,558,574 | |
| Feb 25, 2010 | 4.92 | = | 46.61 | ÷ | 9.48 | 9.48 | = | 4,786,959 | ÷ | 505,156,106 | |
| Feb 25, 2009 | 1.82 | = | 26.02 | ÷ | 14.27 | 14.27 | = | 7,127,143 | ÷ | 499,380,188 | |
| Feb 28, 2008 | 7.35 | = | 62.37 | ÷ | 8.48 | 8.48 | = | 4,190,791 | ÷ | 494,038,376 | |
| Feb 28, 2007 | 4.23 | = | 33.87 | ÷ | 8.00 | 8.00 | = | 3,904,415 | ÷ | 487,996,298 | |
| Feb 23, 2006 | 4.68 | = | 34.93 | ÷ | 7.46 | 7.46 | = | 3,620,213 | ÷ | 485,095,048 |
Based on: 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 EOG Resources Inc. Annual Report.
The Price to Sales (P/S) ratio exhibits significant volatility over the fifteen-year period, reflecting a cyclical correlation between market valuation and revenue performance. The ratio fluctuates between a low of 1.82 and a high of 7.38, indicating periodic shifts in how the market values each dollar of the company's sales.
- Early Period Volatility (2006-2010)
- The P/S ratio began at 4.68 in 2006 and peaked at 7.35 in 2008. A sharp contraction occurred in 2009, where the ratio dropped to 1.82. This decline was driven by a substantial reduction in share price to 26.02, occurring despite an increase in sales per share to 14.27, suggesting a market-driven devaluation regardless of revenue growth.
- Mid-Term Stabilization and Revenue Expansion (2011-2015)
- Between 2011 and 2015, the P/S ratio largely stabilized, ranging between 2.90 and 4.59. During this interval, sales per share grew aggressively, rising from 11.99 in 2011 to a peak of 32.88 in 2015. The steady P/S ratio during this growth phase indicates that the share price increased in relative proportion to the expansion in sales.
- Late Period Fluctuations and Recent Decline (2016-2020)
- A secondary peak in the P/S ratio was observed in 2017, reaching 7.38. This spike was the result of a share price recovery to 97.91 while sales per share simultaneously declined to 13.26. Following this peak, a downward trend emerged, with the P/S ratio falling to 2.01 by 2020. This final decline is attributed to a significant drop in share price to 60.00, while sales per share remained relatively stable at 29.86.
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Comparison to Competitors
EOG Resources Inc., P/S, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Feb 27, 2020 | 2.01 | 1.46 | 1.94 | 0.88 |
| Feb 26, 2019 | 3.15 | 1.43 | 2.16 | 1.20 |
| Feb 27, 2018 | 5.52 | 1.56 | 2.21 | 1.35 |
| Feb 27, 2017 | 7.38 | 1.91 | 2.51 | 1.54 |
| Feb 25, 2016 | 4.30 | 1.24 | 1.38 | 1.30 |
| Feb 18, 2015 | 2.90 | 1.02 | 1.57 | 0.95 |
| Feb 24, 2014 | 3.40 | 0.98 | 1.50 | 0.98 |
| Feb 22, 2013 | 2.92 | 0.98 | 1.23 | 0.89 |
| Feb 24, 2012 | 3.12 | 0.88 | 0.39 | 0.88 |
| Feb 24, 2011 | 4.59 | 1.03 | 0.59 | 1.14 |
| Feb 25, 2010 | 4.92 | 0.87 | 0.48 | 1.02 |
| Feb 25, 2009 | 1.82 | 0.48 | 0.24 | 0.73 |
| Feb 28, 2008 | 7.35 | 0.86 | 0.67 | 1.23 |
| Feb 28, 2007 | 4.23 | 0.72 | 0.60 | 1.12 |
| Feb 23, 2006 | 4.68 | 0.66 | 0.48 | 1.01 |
Based on: 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)
EOG Resources Inc., P/S, long-term trends, comparison to sector (oil, gas & consumable fuels)
| EOG Resources Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 27, 2020 | 2.01 | 1.15 |
| Feb 26, 2019 | 3.15 | 1.35 |
| Feb 27, 2018 | 5.52 | 1.48 |
| Feb 27, 2017 | 7.38 | 1.72 |
| Feb 25, 2016 | 4.30 | 1.29 |
| Feb 18, 2015 | 2.90 | 1.02 |
| Feb 24, 2014 | 3.40 | 1.02 |
| Feb 22, 2013 | 2.92 | 0.94 |
| Feb 24, 2012 | 3.12 | 0.75 |
| Feb 24, 2011 | 4.59 | 0.98 |
| Feb 25, 2010 | 4.92 | 0.85 |
| Feb 25, 2009 | 1.82 | 0.54 |
| Feb 28, 2008 | 7.35 | 1.00 |
| Feb 28, 2007 | 4.23 | 0.88 |
| Feb 23, 2006 | 4.68 | 0.79 |
Based on: 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)
EOG Resources Inc., P/S, long-term trends, comparison to industry (energy)
| EOG Resources Inc. | Energy | |
|---|---|---|
| Feb 27, 2020 | 2.01 | 1.18 |
| Feb 26, 2019 | 3.15 | 1.38 |
| Feb 27, 2018 | 5.52 | 1.63 |
| Feb 27, 2017 | 7.38 | 1.90 |
| Feb 25, 2016 | 4.30 | 1.37 |
| Feb 18, 2015 | 2.90 | 1.10 |
| Feb 24, 2014 | 3.40 | 1.11 |
| Feb 22, 2013 | 2.92 | 1.02 |
| Feb 24, 2012 | 3.12 | 0.83 |
| Feb 24, 2011 | 4.59 | 1.10 |
| Feb 25, 2010 | 4.92 | 0.93 |
| Feb 25, 2009 | 1.82 | 0.57 |
| Feb 28, 2008 | 7.35 | 1.09 |
| Feb 28, 2007 | 4.23 | 0.96 |
| Feb 23, 2006 | 4.68 | 0.86 |
Based on: 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).