Price to Sales (P/S)
since 2005
Calculation
EQT Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Sales of natural gas, natural gas liquids and oil1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 10, 2022 | 1.20 | = | 21.67 | ÷ | 18.09 | 18.09 | = | 6,804,020 | ÷ | 376,023,250 | |
| Feb 17, 2021 | 2.02 | = | 19.17 | ÷ | 9.50 | 9.50 | = | 2,650,299 | ÷ | 278,854,465 | |
| Feb 27, 2020 | 0.36 | = | 5.38 | ÷ | 14.84 | 14.84 | = | 3,791,414 | ÷ | 255,454,000 | |
| Feb 14, 2019 | 0.99 | = | 18.20 | ÷ | 18.43 | 18.43 | = | 4,695,519 | ÷ | 254,762,000 | |
| Feb 15, 2018 | 5.32 | = | 53.34 | ÷ | 10.02 | 10.02 | = | 2,651,318 | ÷ | 264,473,000 | |
| Feb 9, 2017 | 6.91 | = | 63.75 | ÷ | 9.23 | 9.23 | = | 1,594,997 | ÷ | 172,838,000 | |
| Feb 11, 2016 | 5.16 | = | 57.13 | ÷ | 11.08 | 11.08 | = | 1,690,360 | ÷ | 152,568,000 | |
| Feb 12, 2015 | 5.74 | = | 80.75 | ÷ | 14.07 | 14.07 | = | 2,132,409 | ÷ | 151,602,000 | |
| Feb 20, 2014 | 8.83 | = | 100.03 | ÷ | 11.33 | 11.33 | = | 1,710,245 | ÷ | 150,893,000 | |
| Feb 21, 2013 | 5.42 | = | 59.17 | ÷ | 10.92 | 10.92 | = | 1,641,608 | ÷ | 150,347,211 | |
| Feb 16, 2012 | 4.68 | = | 51.29 | ÷ | 10.97 | 10.97 | = | 1,639,934 | ÷ | 149,490,315 | |
| Feb 24, 2011 | 5.39 | = | 47.78 | ÷ | 8.87 | 8.87 | = | 1,322,708 | ÷ | 149,171,339 | |
| Feb 18, 2010 | 4.58 | = | 44.45 | ÷ | 9.70 | 9.70 | = | 1,269,827 | ÷ | 130,929,345 | |
| Feb 20, 2009 | 2.53 | = | 30.43 | ÷ | 12.05 | 12.05 | = | 1,576,488 | ÷ | 130,860,463 | |
| Feb 22, 2008 | 5.47 | = | 60.95 | ÷ | 11.15 | 11.15 | = | 1,361,406 | ÷ | 122,152,641 | |
| Feb 23, 2007 | 4.20 | = | 43.74 | ÷ | 10.42 | 10.42 | = | 1,267,910 | ÷ | 121,625,746 | |
| Feb 24, 2006 | 3.41 | = | 35.70 | ÷ | 10.46 | 10.46 | = | 1,253,724 | ÷ | 119,849,572 |
Based on: 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 EQT Corp. Annual Report.
- Share Price Trend
- The share price exhibited considerable volatility over the analyzed period. It started at $35.70 in February 2006, and generally increased, peaking at $100.03 in February 2014. Following this peak, there was a sharp decline to $5.38 in February 2020, indicating a severe loss in market value. Subsequently, the price showed some recovery, rising to $21.67 by February 2022, though remaining substantially lower than the earlier peak levels.
- Sales Per Share Trend
- Sales per share showed fluctuations without a consistent upward or downward trajectory. The values were mostly in the range of approximately $8.87 to $14.07 from 2006 to early 2016, with a notable increase to $18.43 in February 2019. This peak diminished again to $9.5 in February 2021, followed by a rise to $18.09 in February 2022, suggesting periods of both growth and contraction in sales performance.
- Price to Sales (P/S) Ratio Trend
- The P/S ratio demonstrated a generally high and fluctuating pattern until 2018, with values frequently above 4.0 and peaking at 8.83 in 2014, consistent with the high share prices at that time. However, there was a pronounced decline from 5.32 in February 2018 to a low of 0.36 in February 2020, reflecting diminished market valuation relative to sales. Following this, the ratio increased somewhat to 1.2 by February 2022 but remained considerably lower than earlier levels, indicating a more conservative market valuation relative to sales going forward.
- Overall Insights
- The financial metrics indicate a cycle of growth, peak, and decline over the analyzed years. The peak in share price and P/S ratio around 2014 aligns with strong market confidence, which was not fully sustained. The sharp declines around 2020 suggest external or internal challenges impacting market value. Sales per share demonstrated variability but showed signs of recovery toward the end of the period. The lag between sales per share recovery and corresponding P/S ratio improvement may indicate continued market caution or a reassessment of the company's valuation fundamentals after earlier fluctuations.
Comparison to Competitors
EQT Corp., P/S, long-term trends, comparison to competitors
| EQT Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Feb 10, 2022 | 1.20 | 1.69 | 2.58 | 1.17 |
| Feb 17, 2021 | 2.02 | 2.09 | 3.52 | 1.34 |
| Feb 27, 2020 | 0.36 | 1.46 | 1.94 | 0.88 |
| Feb 14, 2019 | 0.99 | 1.43 | 2.16 | 1.20 |
| Feb 15, 2018 | 5.32 | 1.56 | 2.21 | 1.35 |
| Feb 9, 2017 | 6.91 | 1.91 | 2.51 | 1.54 |
| Feb 11, 2016 | 5.16 | 1.24 | 1.38 | 1.30 |
| Feb 12, 2015 | 5.74 | 1.02 | 1.57 | 0.95 |
| Feb 20, 2014 | 8.83 | 0.98 | 1.50 | 0.98 |
| Feb 21, 2013 | 5.42 | 0.98 | 1.23 | 0.89 |
| Feb 16, 2012 | 4.68 | 0.88 | 0.39 | 0.88 |
| Feb 24, 2011 | 5.39 | 1.03 | 0.59 | 1.14 |
| Feb 18, 2010 | 4.58 | 0.87 | 0.48 | 1.02 |
| Feb 20, 2009 | 2.53 | 0.48 | 0.24 | 0.73 |
| Feb 22, 2008 | 5.47 | 0.86 | 0.67 | 1.23 |
| Feb 23, 2007 | 4.20 | 0.72 | 0.60 | 1.12 |
| Feb 24, 2006 | 3.41 | 0.66 | 0.48 | 1.01 |
Based on: 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)
EQT Corp., P/S, long-term trends, comparison to sector (oil, gas & consumable fuels)
| EQT Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 10, 2022 | 1.20 | 1.48 |
| Feb 17, 2021 | 2.02 | 1.72 |
| Feb 27, 2020 | 0.36 | 1.15 |
| Feb 14, 2019 | 0.99 | 1.35 |
| Feb 15, 2018 | 5.32 | 1.48 |
| Feb 9, 2017 | 6.91 | 1.72 |
| Feb 11, 2016 | 5.16 | 1.29 |
| Feb 12, 2015 | 5.74 | 1.02 |
| Feb 20, 2014 | 8.83 | 1.02 |
| Feb 21, 2013 | 5.42 | 0.94 |
| Feb 16, 2012 | 4.68 | 0.75 |
| Feb 24, 2011 | 5.39 | 0.98 |
| Feb 18, 2010 | 4.58 | 0.85 |
| Feb 20, 2009 | 2.53 | 0.54 |
| Feb 22, 2008 | 5.47 | 1.00 |
| Feb 23, 2007 | 4.20 | 0.88 |
| Feb 24, 2006 | 3.41 | 0.79 |
Based on: 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)
EQT Corp., P/S, long-term trends, comparison to industry (energy)
| EQT Corp. | Energy | |
|---|---|---|
| Feb 10, 2022 | 1.20 | 1.52 |
| Feb 17, 2021 | 2.02 | 1.69 |
| Feb 27, 2020 | 0.36 | 1.18 |
| Feb 14, 2019 | 0.99 | 1.38 |
| Feb 15, 2018 | 5.32 | 1.63 |
| Feb 9, 2017 | 6.91 | 1.90 |
| Feb 11, 2016 | 5.16 | 1.37 |
| Feb 12, 2015 | 5.74 | 1.10 |
| Feb 20, 2014 | 8.83 | 1.11 |
| Feb 21, 2013 | 5.42 | 1.02 |
| Feb 16, 2012 | 4.68 | 0.83 |
| Feb 24, 2011 | 5.39 | 1.10 |
| Feb 18, 2010 | 4.58 | 0.93 |
| Feb 20, 2009 | 2.53 | 0.57 |
| Feb 22, 2008 | 5.47 | 1.09 |
| Feb 23, 2007 | 4.20 | 0.96 |
| Feb 24, 2006 | 3.41 | 0.86 |
Based on: 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).