Price to Earnings (P/E)
since 2005
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Hess Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Calculation
Hess Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to Hess Corporation common stockholders1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2023 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2022 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 9, 2006 | = | ÷ | = | ÷ |
Based on: 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 Hess Corp. Annual Report.
The analysis of the financial data reveals a fluctuating trend in share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the examined period.
- Share Price
- The share price exhibited significant volatility. Initially rising from $45.48 in 2006 to a peak of $95.49 in 2008, it then sharply dropped to $54.69 in 2009. The share price experienced moderate fluctuations subsequently, reaching a low of $43.07 in 2016 before recovering steadily to $138.95 in 2023. The overall trend shows recovery and growth after periods of decline, with notable strength in the last two years.
- Earnings Per Share (EPS)
- EPS displayed considerable variability, with notable periods of negative earnings. It started at $4.28 in 2006, grew to a high of $15.53 by 2014, indicating increasing profitability. However, it sharply declined into negative territory in 2016 (-$9.69) and remained negative for several years, hitting -$19.5 in 2017. From 2020 onwards, EPS showed signs of recovery, eventually reaching $6.85 in 2023. This suggests a challenging operational environment during the mid-2010s with a recent turnaround toward profitability.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio fluctuated in line with EPS and share price movements. Early ratios were relatively low (around 10 to 17) but showed some spikes, such as 26 in 2010, indicating high valuation relative to earnings at that time. Data for several years is missing, likely due to negative EPS making the ratio not meaningful. The P/E ratio peaked again at 56.19 in 2022, reflecting a high share price relative to earnings during that year, followed by a decline to 20.3 in 2023, consistent with EPS recovery. The high P/E ratio in 2022 suggests investor optimism or expectations of improved future earnings despite recent earnings volatility.
In summary, the company experienced substantial volatility in market valuation and earnings performance across the timeline. After reaching strong profitability in the early 2010s, it faced significant earnings challenges mid-decade, reflected in both negative EPS and missing P/E ratios. The subsequent recovery phase is evident in improved EPS and rising share prices, with the market currently attributing a moderately high valuation relative to earnings. This pattern indicates a cycle of financial stress followed by recovery, highlighting the importance of monitoring earnings sustainability to support share price valuations going forward.
Comparison to Competitors
Hess Corp., P/E, long-term trends, comparison to competitors
| Hess Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Feb 24, 2023 | |||||
| Mar 1, 2022 | |||||
| Mar 1, 2021 | |||||
| Feb 20, 2020 | |||||
| Feb 21, 2019 | |||||
| Feb 21, 2018 | |||||
| Feb 23, 2017 | |||||
| Feb 26, 2016 | |||||
| Feb 27, 2015 | |||||
| Feb 28, 2014 | |||||
| Feb 28, 2013 | |||||
| Feb 27, 2012 | |||||
| Feb 25, 2011 | |||||
| Feb 26, 2010 | |||||
| Feb 27, 2009 | |||||
| Feb 27, 2008 | |||||
| Mar 1, 2007 | |||||
| Mar 9, 2006 |
Based on: 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)
Hess Corp., P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Hess Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 24, 2023 | ||
| Mar 1, 2022 | ||
| Mar 1, 2021 | ||
| Feb 20, 2020 | ||
| Feb 21, 2019 | ||
| Feb 21, 2018 | ||
| Feb 23, 2017 | ||
| Feb 26, 2016 | ||
| Feb 27, 2015 | ||
| Feb 28, 2014 | ||
| Feb 28, 2013 | ||
| Feb 27, 2012 | ||
| Feb 25, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 27, 2008 | ||
| Mar 1, 2007 | ||
| Mar 9, 2006 |
Based on: 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)
Hess Corp., P/E, long-term trends, comparison to industry (energy)
| Hess Corp. | Energy | |
|---|---|---|
| Feb 24, 2023 | ||
| Mar 1, 2022 | ||
| Mar 1, 2021 | ||
| Feb 20, 2020 | ||
| Feb 21, 2019 | ||
| Feb 21, 2018 | ||
| Feb 23, 2017 | ||
| Feb 26, 2016 | ||
| Feb 27, 2015 | ||
| Feb 28, 2014 | ||
| Feb 28, 2013 | ||
| Feb 27, 2012 | ||
| Feb 25, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 27, 2008 | ||
| Mar 1, 2007 | ||
| Mar 9, 2006 |
Based on: 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).