Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Exxon Mobil Corp., 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 Exxon Mobil Corp. Annual Report.


Share Price Trends
Over the examined period, the share price exhibited notable fluctuations. Initially, it rose from $59.37 in early 2006 to a peak of $89.38 in early 2008, followed by a significant decline to $65 by early 2010. Thereafter, the price experienced a period of recovery and relative stability, reaching above $95 in early 2014. However, from 2015 through 2020, the share price generally declined, hitting a low of approximately $53 in early 2020. Subsequently, a strong rebound occurred, with the share price climbing sharply to a high of $110.3 by early 2025, marking its highest value in the time series.
Book Value Per Share (BVPS) Patterns
The book value per share displayed a consistent upward trend throughout the period. Starting at $18.21 in early 2006, BVPS increased steadily, reaching $45.28 by early 2020. Despite a slight dip to $37.12 in early 2021, the upward trajectory resumed thereafter, culminating in $60.77 by early 2025. This long-term growth in BVPS indicates an accumulation of equity value per share over time.
Price-to-Book Value Ratio (P/BV) Dynamics
The P/BV ratio showed a declining trend from a high of 3.93 in early 2008 to a low of 1.17 in early 2020. This decline signifies a reduction in the market price relative to the book value per share during that period. Post-2020, the ratio rebounded to a peak of 2.29 in early 2023 before declining again to 1.81 by early 2025. Overall, the P/BV ratio experienced considerable volatility but exhibited a general moderation compared to the earlier years in the dataset.
Overall Insights
The data reflects a long-term increase in the intrinsic value of the company as measured by BVPS, coupled with cyclical price fluctuations in the market valuation implied by share price and P/BV ratio. The pronounced dip in share price and P/BV ratio around 2020 aligns with a period of contraction, while the subsequent rapid recovery suggests renewed investor confidence and growth prospects. The divergence between the steady rise in BVPS and the more volatile market price indicates periods where market perception deviated from book value, potentially due to external economic factors or sector-specific conditions.

Comparison to Competitors

Exxon Mobil Corp., 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)

Exxon Mobil Corp., P/BV, long-term trends, comparison to sector (oil, gas & consumable fuels)

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 Industry (Energy)