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).
Current Valuation Ratios
Anadarko Petroleum Corp., current price multiples
| Anadarko Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Marathon Petroleum Corp. | Occidental Petroleum Corp. | Valero Energy Corp. | ||
|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||
| Current share price (P) | $49.37 | |||||||
| No. shares of common stock outstanding | 547,157,557 | |||||||
| Earnings per share (EPS) | $-5.61 | |||||||
| Operating profit per share | $-4.75 | |||||||
| Sales per share | $15.44 | |||||||
| Book value per share (BVPS) | $22.32 | |||||||
| Valuation Ratios (Price Multiples) | ||||||||
| Price to sales (P/S) | 3.20 | 1.47 | 2.33 | 1.58 | 0.35 | 1.69 | 0.31 | |
| Price to book value (P/BV) | 2.21 | 1.80 | 2.65 | 2.58 | 2.10 | 1.58 | 1.70 | |
Based on: 10-K (reporting date: 2016-12-31).
If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.
Historical Valuation Ratios (Summary)
Anadarko Petroleum Corp., historical price multiples
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Anadarko Petroleum Corp. P/S ratio decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Anadarko Petroleum Corp. P/BV ratio decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level. |
Price to Earnings (P/E)
Anadarko Petroleum Corp., historical P/E calculation, comparison to benchmarks
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 558,979,551 | 508,438,647 | 506,650,285 | 503,767,298 | 500,565,966 | |
| Selected Financial Data (US$) | ||||||
| Net income (loss) attributable to common stockholders (in millions) | (3,071) | (6,692) | (1,750) | 801) | 2,391) | |
| Earnings per share (EPS)2 | -5.49 | -13.16 | -3.45 | 1.59 | 4.78 | |
| Share price1, 3 | 66.77 | 40.50 | 85.45 | 84.16 | 84.13 | |
| Valuation Ratio | ||||||
| P/E ratio4 | — | — | — | 52.93 | 17.61 | |
| Benchmarks | ||||||
| P/E Ratio, Competitors5 | ||||||
| Chevron Corp. | — | — | — | — | — | |
| ConocoPhillips | — | — | — | — | — | |
| Exxon Mobil Corp. | — | — | — | — | — | |
| Marathon Petroleum Corp. | — | — | — | — | — | |
| Occidental Petroleum Corp. | — | — | — | — | — | |
| Valero Energy Corp. | — | — | — | — | — | |
Based on: 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).
1 Data adjusted for splits and stock dividends.
2 2016 Calculation
EPS = Net income (loss) attributable to common stockholders ÷ No. shares of common stock outstanding
= -3,071,000,000 ÷ 558,979,551 = -5.49
3 Closing price as at the filing date of Anadarko Petroleum Corp. Annual Report.
4 2016 Calculation
P/E ratio = Share price ÷ EPS
= 66.77 ÷ -5.49 = —
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
Anadarko Petroleum Corp., historical P/OP calculation, comparison to benchmarks
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 558,979,551 | 508,438,647 | 506,650,285 | 503,767,298 | 500,565,966 | |
| Selected Financial Data (US$) | ||||||
| Operating income (loss) (in millions) | (2,599) | (8,809) | 5,403) | 3,333) | 3,727) | |
| Operating profit per share2 | -4.65 | -17.33 | 10.66 | 6.62 | 7.45 | |
| Share price1, 3 | 66.77 | 40.50 | 85.45 | 84.16 | 84.13 | |
| Valuation Ratio | ||||||
| P/OP ratio4 | — | — | 8.01 | 12.72 | 11.30 | |
| Benchmarks | ||||||
| P/OP Ratio, Competitors5 | ||||||
| Chevron Corp. | — | — | — | — | — | |
| ConocoPhillips | — | — | — | — | — | |
| Exxon Mobil Corp. | — | — | — | — | — | |
| Marathon Petroleum Corp. | — | — | — | — | — | |
| Occidental Petroleum Corp. | — | — | — | — | — | |
| Valero Energy Corp. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 Data adjusted for splits and stock dividends.
2 2016 Calculation
Operating profit per share = Operating income (loss) ÷ No. shares of common stock outstanding
= -2,599,000,000 ÷ 558,979,551 = -4.65
3 Closing price as at the filing date of Anadarko Petroleum Corp. Annual Report.
4 2016 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 66.77 ÷ -4.65 = —
5 Click competitor name to see calculations.
Price to Sales (P/S)
Anadarko Petroleum Corp., historical P/S calculation, comparison to benchmarks
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 558,979,551 | 508,438,647 | 506,650,285 | 503,767,298 | 500,565,966 | |
| Selected Financial Data (US$) | ||||||
| Sales revenues (in millions) | 8,447) | 9,486) | 16,375) | 14,867) | 13,307) | |
| Sales per share2 | 15.11 | 18.66 | 32.32 | 29.51 | 26.58 | |
| Share price1, 3 | 66.77 | 40.50 | 85.45 | 84.16 | 84.13 | |
| Valuation Ratio | ||||||
| P/S ratio4 | 4.42 | 2.17 | 2.64 | 2.85 | 3.16 | |
| Benchmarks | ||||||
| P/S Ratio, Competitors5 | ||||||
| Chevron Corp. | — | — | — | — | — | |
| ConocoPhillips | — | — | — | — | — | |
| Exxon Mobil Corp. | — | — | — | — | — | |
| Marathon Petroleum Corp. | — | — | — | — | — | |
| Occidental Petroleum Corp. | — | — | — | — | — | |
| Valero Energy Corp. | — | — | — | — | — | |
Based on: 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).
1 Data adjusted for splits and stock dividends.
2 2016 Calculation
Sales per share = Sales revenues ÷ No. shares of common stock outstanding
= 8,447,000,000 ÷ 558,979,551 = 15.11
3 Closing price as at the filing date of Anadarko Petroleum Corp. Annual Report.
4 2016 Calculation
P/S ratio = Share price ÷ Sales per share
= 66.77 ÷ 15.11 = 4.42
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Anadarko Petroleum Corp. P/S ratio decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level. |
Price to Book Value (P/BV)
Anadarko Petroleum Corp., historical P/BV calculation, comparison to benchmarks
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 558,979,551 | 508,438,647 | 506,650,285 | 503,767,298 | 500,565,966 | |
| Selected Financial Data (US$) | ||||||
| Stockholders’ equity (in millions) | 12,212) | 12,819) | 19,725) | 21,857) | 20,629) | |
| Book value per share (BVPS)2 | 21.85 | 25.21 | 38.93 | 43.39 | 41.21 | |
| Share price1, 3 | 66.77 | 40.50 | 85.45 | 84.16 | 84.13 | |
| Valuation Ratio | ||||||
| P/BV ratio4 | 3.06 | 1.61 | 2.19 | 1.94 | 2.04 | |
| Benchmarks | ||||||
| P/BV Ratio, Competitors5 | ||||||
| Chevron Corp. | — | — | — | — | — | |
| ConocoPhillips | — | — | — | — | — | |
| Exxon Mobil Corp. | — | — | — | — | — | |
| Marathon Petroleum Corp. | — | — | — | — | — | |
| Occidental Petroleum Corp. | — | — | — | — | — | |
| Valero Energy Corp. | — | — | — | — | — | |
Based on: 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).
1 Data adjusted for splits and stock dividends.
2 2016 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 12,212,000,000 ÷ 558,979,551 = 21.85
3 Closing price as at the filing date of Anadarko Petroleum Corp. Annual Report.
4 2016 Calculation
P/BV ratio = Share price ÷ BVPS
= 66.77 ÷ 21.85 = 3.06
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Anadarko Petroleum Corp. P/BV ratio decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level. |