Common Stock Valuation Ratios (Price Multiples)
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Paying user area
Try for free
Occidental Petroleum Corp. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Occidental Petroleum Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Current Valuation Ratios
Occidental Petroleum Corp., current price multiples
| Occidental Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Oil, Gas & Consumable Fuels | Energy | ||||
|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||
| Current share price (P) | |||||||||
| No. shares of common stock outstanding | |||||||||
| Growth rate (g) | |||||||||
| Earnings per share (EPS) | |||||||||
| Next year expected EPS | |||||||||
| Operating profit per share | |||||||||
| Sales per share | |||||||||
| Book value per share (BVPS) | |||||||||
| Valuation Ratios (Price Multiples) | |||||||||
| Price to earnings (P/E) | |||||||||
| Price to next year expected earnings | |||||||||
| Price-earnings-growth (PEG) | |||||||||
| Price to operating profit (P/OP) | |||||||||
| Price to sales (P/S) | |||||||||
| Price to book value (P/BV) | |||||||||
Based on: 10-K (reporting date: 2024-12-31).
If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.
Historical Valuation Ratios (Summary)
Occidental Petroleum Corp., historical price multiples
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Price to earnings (P/E) | ||||||
| Price to operating profit (P/OP) | ||||||
| Price to sales (P/S) | ||||||
| Price to book value (P/BV) |
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).
- Price to Earnings (P/E) Ratio
- The P/E ratio exhibits a fluctuating trend over the observed period. Starting from a missing data point in 2020, it increased to 23.89 in 2021, indicating a relatively high valuation based on earnings at that time. A sharp decline followed in 2022, reaching a low of 4.24, suggesting either a significant drop in market price or a substantial increase in earnings. Subsequently, the ratio rose again to 13.36 in 2023 and further to 19.28 in 2024, showing a recovery in valuation but still below the peak of 2021.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio generally mirrors the pattern observed in the P/E ratio, with an initial increase from an unknown value in 2020 to 7.96 in 2021. This was followed by a notable decline to 3.78 in 2022, signifying improved operating profit relative to market price or a drop in stock price. The ratio then rose to 7.37 in 2023 and increased further to 10.46 in 2024, indicating a recovery but again not reaching the 2021 level.
- Price to Sales (P/S) Ratio
- The P/S ratio presents a steady upward trend from 1.39 in 2020 through to 1.78 in 2023, reflecting either increasing market valuation relative to sales or sales growing at a slower pace than market price. The ratio decreased slightly to 1.72 in 2024, suggesting a minor correction or slower increase in market price compared to sales for that year.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio increased from 1.33 in 2020 to 1.79 in 2021, reaching its peak early in the period. This was followed by a slight decline to 1.76 in 2022 and a more pronounced decrease to 1.67 in 2023. The trend culminated with a further reduction to 1.34 in 2024, almost reverting to the initial level observed in 2020. This suggests that market valuation relative to book value weakened over the last three years after an initial increase.
Price to Earnings (P/E)
Occidental Petroleum Corp., historical P/E calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Net income (loss) attributable to common stockholders (in millions) | ||||||
| Earnings per share (EPS)2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/E ratio4 | ||||||
| Benchmarks | ||||||
| P/E Ratio, Competitors5 | ||||||
| Chevron Corp. | ||||||
| ConocoPhillips | ||||||
| Exxon Mobil Corp. | ||||||
| P/E Ratio, Sector | ||||||
| Oil, Gas & Consumable Fuels | ||||||
| P/E Ratio, Industry | ||||||
| Energy | ||||||
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).
1 Data adjusted for splits and stock dividends.
2 2024 Calculation
EPS = Net income (loss) attributable to common stockholders ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Occidental Petroleum Corp. Annual Report.
4 2024 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price
- The share price of the company exhibited a consistent upward trend from 26.61 US dollars at the end of 2020 to a peak of 58.96 US dollars by the end of 2022. However, it experienced a decline thereafter, decreasing to 57.3 US dollars in 2023 and further to 48.84 US dollars in 2024. This indicates an overall increase over the five-year period but with a notable correction in the last two years.
- Earnings per Share (EPS)
- The EPS showed significant volatility over the examined period. In 2020, the company reported a negative EPS of -16.83 US dollars, indicating a loss. This shifted to positive earnings of 1.63 US dollars in 2021, followed by a substantial increase to 13.89 US dollars in 2022. Subsequently, EPS declined to 4.29 US dollars in 2023 and further to 2.53 US dollars in 2024. These changes reflect a recovery from losses with peak profitability in 2022, followed by a downward trend in earnings.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio data starts from 2021 due to the negative EPS in 2020, which renders the ratio undefined for that year. In 2021, the ratio stood at 23.89, indicating that the stock price was valued at nearly 24 times earnings. It then decreased sharply to 4.24 in 2022, corresponding to the spike in earnings relative to price. In the following years, the ratio increased to 13.36 in 2023 and further to 19.28 in 2024, reflecting the decline in EPS relative to the share price during that period, suggesting that the stock became increasingly valued relative to its earnings.
Price to Operating Profit (P/OP)
Occidental Petroleum Corp., historical P/OP calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Operating income (loss) (in millions) | ||||||
| Operating profit per share2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/OP ratio4 | ||||||
| Benchmarks | ||||||
| P/OP Ratio, Competitors5 | ||||||
| Chevron Corp. | ||||||
| ConocoPhillips | ||||||
| Exxon Mobil Corp. | ||||||
| P/OP Ratio, Sector | ||||||
| Oil, Gas & Consumable Fuels | ||||||
| P/OP Ratio, Industry | ||||||
| Energy | ||||||
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).
1 Data adjusted for splits and stock dividends.
2 2024 Calculation
Operating profit per share = Operating income (loss) ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Occidental Petroleum Corp. Annual Report.
4 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price shows a significant upward trend from 2020 to 2022, increasing from $26.61 to $58.96. In 2023, the price slightly declined to $57.30, followed by a more notable decrease to $48.84 in 2024. Overall, the share price experienced robust growth in the initial years before a decline in the last two periods.
- Operating Profit Per Share
- Operating profit per share improved markedly from a negative value of -$15.27 in 2020 to positive figures thereafter, peaking at $15.60 in 2022. Subsequent years show a decline to $7.78 in 2023 and further to $4.67 in 2024, indicating decreasing operational profitability despite remaining in positive territory.
- Price to Operating Profit (P/OP) Ratio
- This ratio, which was unavailable for 2020, reflects investor valuation relative to operating profit. It decreased sharply from 7.96 in 2021 to 3.78 in 2022, aligning with the strong increase in operating profit per share during that period. However, it increased again to 7.37 in 2023 and further to 10.46 in 2024, suggesting that the market valuation has become less favorable when compared to operating profitability over the most recent years.
- Overall Insights
- The data illustrates a recovery and growth phase between 2020 and 2022, marked by rising share prices and improving operating profit per share. In 2023 and 2024, the company experienced a decline in operational profitability and a reduction in share price. The rising P/OP ratio in these years indicates a relative increase in market valuation compared to earnings, possibly implying market expectations of future recovery or taking into account other factors beyond current operating profits.
Price to Sales (P/S)
Occidental Petroleum Corp., historical P/S calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Net sales (in millions) | ||||||
| Sales per share2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/S ratio4 | ||||||
| Benchmarks | ||||||
| P/S Ratio, Competitors5 | ||||||
| Chevron Corp. | ||||||
| ConocoPhillips | ||||||
| Exxon Mobil Corp. | ||||||
| P/S Ratio, Sector | ||||||
| Oil, Gas & Consumable Fuels | ||||||
| P/S Ratio, Industry | ||||||
| Energy | ||||||
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).
1 Data adjusted for splits and stock dividends.
2 2024 Calculation
Sales per share = Net sales ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Occidental Petroleum Corp. Annual Report.
4 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price
- The share price demonstrated a strong upward trend from 26.61 US dollars at the end of 2020 to a peak of 58.96 US dollars by the end of 2022. Following this peak, the price experienced a moderate decline but remained elevated relative to the initial value, standing at 48.84 US dollars by the end of 2024.
- Sales Per Share
- Sales per share showed considerable growth from 19.12 US dollars in 2020 to 40.7 US dollars in 2022, indicating enhanced revenue generation per share over this period. However, a decline was observed thereafter, reaching 28.48 US dollars by 2024, which suggests a reduction in sales efficiency or volume in the later years compared to the 2022 peak.
- Price-to-Sales Ratio (P/S)
- The P/S ratio remained relatively stable from 2020 to 2022, fluctuating slightly around values close to 1.4 to 1.45. A noticeable increase occurred in 2023, rising to 1.78, followed by a slight decrease to 1.72 in 2024. This upward movement indicates that the market valuation relative to sales has increased, suggesting greater investor confidence or expectations for future sales growth despite the decline in sales per share after 2022.
Price to Book Value (P/BV)
Occidental Petroleum Corp., historical P/BV calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Stockholders’ equity (in millions) | ||||||
| Book value per share (BVPS)2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/BV ratio4 | ||||||
| Benchmarks | ||||||
| P/BV Ratio, Competitors5 | ||||||
| Chevron Corp. | ||||||
| ConocoPhillips | ||||||
| Exxon Mobil Corp. | ||||||
| P/BV Ratio, Sector | ||||||
| Oil, Gas & Consumable Fuels | ||||||
| P/BV Ratio, Industry | ||||||
| Energy | ||||||
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Data adjusted for splits and stock dividends.
2 2024 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Occidental Petroleum Corp. Annual Report.
4 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the annual financial data reveals notable trends concerning share price, book value per share (BVPS), and the price-to-book value (P/BV) ratio over the period from 2020 to 2024.
- Share Price
- The share price exhibited a significant upward trend from 26.61 US$ in 2020 to a peak of 58.96 US$ in 2022. Following this peak, the price experienced a slight decline to 57.3 US$ in 2023 and a more substantial decrease to 48.84 US$ in 2024. Overall, the share price nearly doubled from 2020 to 2024, despite the recent downward adjustments after 2022.
- Book Value Per Share (BVPS)
- The BVPS demonstrated a consistent increase throughout the period. Starting at 19.94 US$ in 2020, it rose steadily each year, reaching 36.4 US$ by 2024. This continuous growth indicates an improving underlying net asset value per share, suggesting strengthening equity bases over the analyzed years.
- Price-to-Book Value Ratio (P/BV)
- The P/BV ratio followed a fluctuating but generally declining pattern. Initially, the ratio rose from 1.33 in 2020 to a peak of 1.79 in 2021, followed by a slight reduction to 1.76 in 2022 and continuing decreases to 1.67 in 2023 and 1.34 in 2024. This decline points to a diminishing premium of the market price over book value, possibly reflecting market adjustments or changing investor sentiment despite the increasing BVPS.
In summary, the data suggests that while the company's equity per share has grown steadily, market valuation relative to book value peaked around 2021 and has been moderating since. The share price's rise until 2022 reflects strong market performance, but the subsequent decline towards 2024 aligns with the decreasing P/BV ratio, indicating a potential recalibration of market expectations or external factors influencing investor confidence.