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).
Historical Valuation Ratios (Summary)
Based on: 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
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 Q1 2017 to Q2 2017 but then slightly increased from Q2 2017 to Q3 2017. |
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 Q1 2017 to Q2 2017 but then increased from Q2 2017 to Q3 2017 not reaching Q1 2017 level. |
Price to Earnings (P/E)
Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 547,157,557 | 560,358,149 | 560,339,140 | 558,979,551 | 558,900,897 | 510,457,469 | 510,426,628 | 508,438,647 | 508,142,751 | 508,012,188 | 507,935,794 | 506,650,285 | 506,450,402 | 505,962,939 | 505,054,104 | 503,767,298 | 503,266,938 | 502,705,709 | 501,473,546 | 500,565,966 | 499,759,225 | 499,678,984 | 499,567,335 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
Net income (loss) attributable to common stockholders (in millions) | (699) | (415) | (318) | (515) | (830) | (692) | (1,034) | (1,250) | (2,235) | 61) | (3,268) | (395) | 1,087) | 227) | (2,669) | (770) | 182) | 929) | 460) | 203) | 121) | (89) | 2,156) | |||||||
Earnings per share (EPS)2 | -3.56 | -3.71 | -4.20 | -5.49 | -6.81 | -10.21 | -8.73 | -13.16 | -11.49 | -4.95 | -4.62 | -3.45 | -4.20 | -5.99 | -4.61 | 1.59 | 3.52 | 3.41 | 1.39 | 4.78 | 0.00 | 0.00 | 0.00 | |||||||
Share price1, 3 | 49.37 | 44.21 | 56.28 | 66.77 | 59.44 | 54.74 | 51.95 | 40.50 | 65.29 | 72.85 | 93.73 | 85.45 | 90.35 | 109.23 | 99.49 | 84.16 | 95.93 | 88.65 | 87.62 | 84.13 | 68.81 | 69.78 | 73.21 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||||
P/E ratio4 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 52.93 | 27.21 | 26.02 | 63.22 | 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-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2017 Calculation
EPS
= (Net income (loss) attributable to common stockholdersQ3 2017
+ Net income (loss) attributable to common stockholdersQ2 2017
+ Net income (loss) attributable to common stockholdersQ1 2017
+ Net income (loss) attributable to common stockholdersQ4 2016)
÷ No. shares of common stock outstanding
= (-699,000,000 + -415,000,000 + -318,000,000 + -515,000,000)
÷ 547,157,557 = -3.56
3 Closing price as at the filing date of Anadarko Petroleum Corp. Quarterly or Annual Report.
4 Q3 2017 Calculation
P/E ratio = Share price ÷ EPS
= 49.37 ÷ -3.56 = —
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 547,157,557 | 560,358,149 | 560,339,140 | 558,979,551 | 558,900,897 | 510,457,469 | 510,426,628 | 508,438,647 | 508,142,751 | 508,012,188 | 507,935,794 | 506,650,285 | 506,450,402 | 505,962,939 | 505,054,104 | 503,767,298 | 503,266,938 | 502,705,709 | 501,473,546 | 500,565,966 | 499,759,225 | 499,678,984 | 499,567,335 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
Operating income (loss) (in millions) | (775) | (125) | (110) | (610) | (793) | (332) | (864) | (2,142) | (2,549) | 90) | (4,208) | (479) | 1,698) | 1,209) | 2,975) | 215) | 689) | 1,140) | 1,289) | 488) | 816) | (279) | 2,702) | |||||||
Operating profit per share2 | -2.96 | -2.92 | -3.29 | -4.65 | -7.39 | -11.53 | -10.71 | -17.33 | -14.06 | -5.71 | -3.50 | 10.66 | 12.04 | 10.06 | 9.94 | 6.62 | 7.17 | 7.43 | 4.61 | 7.45 | 0.00 | 0.00 | 0.00 | |||||||
Share price1, 3 | 49.37 | 44.21 | 56.28 | 66.77 | 59.44 | 54.74 | 51.95 | 40.50 | 65.29 | 72.85 | 93.73 | 85.45 | 90.35 | 109.23 | 99.49 | 84.16 | 95.93 | 88.65 | 87.62 | 84.13 | 68.81 | 69.78 | 73.21 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||||
P/OP ratio4 | — | — | — | — | — | — | — | — | — | — | — | 8.01 | 7.50 | 10.86 | 10.01 | 12.72 | 13.39 | 11.94 | 18.99 | 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-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2017 Calculation
Operating profit per share
= (Operating income (loss)Q3 2017
+ Operating income (loss)Q2 2017
+ Operating income (loss)Q1 2017
+ Operating income (loss)Q4 2016)
÷ No. shares of common stock outstanding
= (-775,000,000 + -125,000,000 + -110,000,000 + -610,000,000)
÷ 547,157,557 = -2.96
3 Closing price as at the filing date of Anadarko Petroleum Corp. Quarterly or Annual Report.
4 Q3 2017 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 49.37 ÷ -2.96 = —
5 Click competitor name to see calculations.
Price to Sales (P/S)
Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 547,157,557 | 560,358,149 | 560,339,140 | 558,979,551 | 558,900,897 | 510,457,469 | 510,426,628 | 508,438,647 | 508,142,751 | 508,012,188 | 507,935,794 | 506,650,285 | 506,450,402 | 505,962,939 | 505,054,104 | 503,767,298 | 503,266,938 | 502,705,709 | 501,473,546 | 500,565,966 | 499,759,225 | 499,678,984 | 499,567,335 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
Sales revenues (in millions) | 2,610) | 2,419) | 2,898) | 2,577) | 2,251) | 1,985) | 1,634) | 2,034) | 2,230) | 2,637) | 2,585) | 3,422) | 4,230) | 4,385) | 4,338) | 3,920) | 3,789) | 3,440) | 3,718) | 3,412) | 3,283) | 3,200) | 3,412) | |||||||
Sales per share2 | 19.20 | 18.10 | 17.33 | 15.11 | 14.14 | 15.44 | 16.72 | 18.66 | 21.40 | 25.34 | 28.79 | 32.32 | 33.32 | 32.48 | 30.66 | 29.51 | 28.53 | 27.56 | 27.15 | 26.58 | 0.00 | 0.00 | 0.00 | |||||||
Share price1, 3 | 49.37 | 44.21 | 56.28 | 66.77 | 59.44 | 54.74 | 51.95 | 40.50 | 65.29 | 72.85 | 93.73 | 85.45 | 90.35 | 109.23 | 99.49 | 84.16 | 95.93 | 88.65 | 87.62 | 84.13 | 68.81 | 69.78 | 73.21 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||||
P/S ratio4 | 2.57 | 2.44 | 3.25 | 4.42 | 4.20 | 3.54 | 3.11 | 2.17 | 3.05 | 2.87 | 3.26 | 2.64 | 2.71 | 3.36 | 3.24 | 2.85 | 3.36 | 3.22 | 3.23 | 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-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2017 Calculation
Sales per share
= (Sales revenuesQ3 2017
+ Sales revenuesQ2 2017
+ Sales revenuesQ1 2017
+ Sales revenuesQ4 2016)
÷ No. shares of common stock outstanding
= (2,610,000,000 + 2,419,000,000 + 2,898,000,000 + 2,577,000,000)
÷ 547,157,557 = 19.20
3 Closing price as at the filing date of Anadarko Petroleum Corp. Quarterly or Annual Report.
4 Q3 2017 Calculation
P/S ratio = Share price ÷ Sales per share
= 49.37 ÷ 19.20 = 2.57
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 Q1 2017 to Q2 2017 but then slightly increased from Q2 2017 to Q3 2017. |
Price to Book Value (P/BV)
Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 547,157,557 | 560,358,149 | 560,339,140 | 558,979,551 | 558,900,897 | 510,457,469 | 510,426,628 | 508,438,647 | 508,142,751 | 508,012,188 | 507,935,794 | 506,650,285 | 506,450,402 | 505,962,939 | 505,054,104 | 503,767,298 | 503,266,938 | 502,705,709 | 501,473,546 | 500,565,966 | 499,759,225 | 499,678,984 | 499,567,335 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
Stockholders’ equity (in millions) | 10,782) | 11,472) | 11,856) | 12,212) | 12,600) | 11,281) | 11,686) | 12,819) | 14,079) | 16,389) | 16,332) | 19,725) | 20,677) | 19,331) | 19,120) | 21,857) | 22,342) | 22,189) | 21,090) | 20,629) | 20,393) | 20,236) | 20,279) | |||||||
Book value per share (BVPS)2 | 19.71 | 20.47 | 21.16 | 21.85 | 22.54 | 22.10 | 22.89 | 25.21 | 27.71 | 32.26 | 32.15 | 38.93 | 40.83 | 38.21 | 37.86 | 43.39 | 44.39 | 44.14 | 42.06 | 41.21 | 40.81 | 40.50 | 40.59 | |||||||
Share price1, 3 | 49.37 | 44.21 | 56.28 | 66.77 | 59.44 | 54.74 | 51.95 | 40.50 | 65.29 | 72.85 | 93.73 | 85.45 | 90.35 | 109.23 | 99.49 | 84.16 | 95.93 | 88.65 | 87.62 | 84.13 | 68.81 | 69.78 | 73.21 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||||
P/BV ratio4 | 2.51 | 2.16 | 2.66 | 3.06 | 2.64 | 2.48 | 2.27 | 1.61 | 2.36 | 2.26 | 2.92 | 2.19 | 2.21 | 2.86 | 2.63 | 1.94 | 2.16 | 2.01 | 2.08 | 2.04 | 1.69 | 1.72 | 1.80 | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||||
Chevron Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
ConocoPhillips | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Exxon Mobil Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Marathon Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Occidental Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Valero Energy Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2017 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 10,782,000,000 ÷ 547,157,557 = 19.71
3 Closing price as at the filing date of Anadarko Petroleum Corp. Quarterly or Annual Report.
4 Q3 2017 Calculation
P/BV ratio = Share price ÷ BVPS
= 49.37 ÷ 19.71 = 2.51
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 Q1 2017 to Q2 2017 but then increased from Q2 2017 to Q3 2017 not reaching Q1 2017 level. |