Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
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)
Hess Corp., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Hess Corp. P/E ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Hess Corp. P/OP ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023. |
| 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. | Hess Corp. P/S ratio increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| 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. | Hess Corp. P/BV ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Price to Earnings (P/E)
Hess Corp., historical P/E calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 307,151,680 | 307,061,031 | 307,051,889 | 306,180,424 | 308,308,466 | 309,614,906 | 311,262,547 | 309,745,523 | 309,726,894 | 309,672,952 | 308,436,780 | 306,986,553 | 307,077,424 | 307,144,424 | 307,158,340 | 305,214,587 | 304,706,235 | 304,480,590 | 304,280,819 | 303,034,262 | 296,253,136 | 299,688,199 | 308,055,101 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to Hess Corporation common stockholders (in millions) | 504) | 119) | 346) | 497) | 515) | 667) | 417) | 265) | 115) | (73) | 252) | (97) | (243) | (320) | (2,433) | (222) | (212) | (6) | 28) | (16) | (53) | (142) | (117) | |||||||
| Earnings per share (EPS)2 | 4.77 | 4.81 | 6.59 | 6.85 | 6.05 | 4.73 | 2.33 | 1.80 | 0.64 | -0.52 | -1.32 | -10.08 | -10.48 | -10.38 | -9.35 | -1.35 | -0.68 | -0.15 | -0.60 | -1.08 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 147.76 | 151.94 | 130.94 | 138.95 | 142.10 | 99.86 | 109.57 | 101.40 | 82.13 | 73.20 | 81.29 | 65.53 | 37.00 | 53.39 | 46.40 | 64.72 | 70.73 | 57.50 | 63.11 | 57.68 | 59.15 | 64.80 | 57.65 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/E ratio4 | 30.96 | 31.59 | 19.85 | 20.30 | 23.50 | 21.12 | 47.11 | 56.19 | 129.13 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 11.03 | 9.88 | 8.27 | 8.71 | 10.25 | 10.19 | 16.06 | 16.81 | 22.09 | 54.58 | — | — | — | — | 43.40 | 70.06 | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 12.94 | 10.65 | 7.44 | 7.07 | 9.23 | 7.19 | 10.35 | 14.66 | 20.66 | 40.48 | 3,758.13 | — | — | 17.58 | 12.13 | 8.77 | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 11.00 | 8.76 | 7.58 | 8.47 | 8.70 | 9.74 | 14.98 | 14.11 | — | — | — | — | 42.32 | 25.86 | 16.34 | 15.64 | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 4.97 | 4.23 | 3.03 | 3.85 | 4.67 | 5.70 | 4.63 | 4.32 | 4.30 | 4.53 | — | — | — | — | — | 11.68 | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 11.85 | 9.28 | 5.97 | 4.24 | 5.61 | 5.94 | 8.51 | 23.89 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 3.97 | 4.05 | 3.03 | 4.26 | 5.18 | 6.10 | 18.57 | 37.78 | — | — | — | — | — | 21.41 | 62.84 | 12.12 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
EPS
= (Net income (loss) attributable to Hess Corporation common stockholdersQ3 2023
+ Net income (loss) attributable to Hess Corporation common stockholdersQ2 2023
+ Net income (loss) attributable to Hess Corporation common stockholdersQ1 2023
+ Net income (loss) attributable to Hess Corporation common stockholdersQ4 2022)
÷ No. shares of common stock outstanding
= (504,000,000 + 119,000,000 + 346,000,000 + 497,000,000)
÷ 307,151,680 = 4.77
3 Closing price as at the filing date of Hess Corp. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/E ratio = Share price ÷ EPS
= 147.76 ÷ 4.77 = 30.96
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Hess Corp. P/E ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023. |
Price to Operating Profit (P/OP)
Hess Corp., historical P/OP calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 307,151,680 | 307,061,031 | 307,051,889 | 306,180,424 | 308,308,466 | 309,614,906 | 311,262,547 | 309,745,523 | 309,726,894 | 309,672,952 | 308,436,780 | 306,986,553 | 307,077,424 | 307,144,424 | 307,158,340 | 305,214,587 | 304,706,235 | 304,480,590 | 304,280,819 | 303,034,262 | 296,253,136 | 299,688,199 | 308,055,101 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Income (loss) before interest and income taxes (in millions) | 934) | 487) | 727) | 998) | 1,013) | 1,203) | 825) | 689) | 453) | 253) | 576) | 163) | (60) | (153) | (2,332) | 31) | 40) | 263) | 267) | 160) | 223) | 151) | 138) | |||||||
| Operating profit per share2 | 10.24 | 10.50 | 12.83 | 13.19 | 12.10 | 10.24 | 7.13 | 6.36 | 4.67 | 3.01 | 1.71 | -7.76 | -8.19 | -7.86 | -6.50 | 1.97 | 2.40 | 3.00 | 2.63 | 2.22 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 147.76 | 151.94 | 130.94 | 138.95 | 142.10 | 99.86 | 109.57 | 101.40 | 82.13 | 73.20 | 81.29 | 65.53 | 37.00 | 53.39 | 46.40 | 64.72 | 70.73 | 57.50 | 63.11 | 57.68 | 59.15 | 64.80 | 57.65 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/OP ratio4 | 14.43 | 14.47 | 10.20 | 10.53 | 11.75 | 9.75 | 15.36 | 15.94 | 17.60 | 24.32 | 47.67 | — | — | — | — | 32.87 | 29.52 | 19.18 | 23.97 | 26.01 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 7.68 | 6.97 | 5.81 | 6.12 | 7.34 | 7.23 | 11.13 | 11.40 | 14.10 | 26.00 | — | — | — | — | 24.46 | 30.35 | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 8.04 | 6.49 | 4.60 | 4.57 | 5.96 | 4.72 | 6.75 | 8.66 | 11.68 | 17.96 | 71.79 | — | 6,288.41 | 10.11 | 7.27 | 6.04 | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 7.06 | 6.00 | 5.28 | 5.88 | 6.28 | 6.76 | 10.28 | 9.86 | — | — | — | — | 22.63 | 16.35 | 10.60 | 10.14 | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 3.41 | 2.87 | 2.08 | 2.60 | 3.02 | 3.55 | 8.64 | 9.79 | 13.66 | 67.39 | 310.45 | — | — | — | — | 5.52 | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 6.93 | 5.80 | 4.11 | 3.78 | 4.91 | 5.18 | 7.42 | 7.96 | 33.61 | — | — | — | — | — | — | 45.37 | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 2.92 | 2.98 | 2.26 | 3.13 | 3.76 | 4.36 | 11.28 | 16.50 | 487.32 | — | 944.75 | — | 23.43 | 10.75 | 21.60 | 7.65 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
Operating profit per share
= (Income (loss) before interest and income taxesQ3 2023
+ Income (loss) before interest and income taxesQ2 2023
+ Income (loss) before interest and income taxesQ1 2023
+ Income (loss) before interest and income taxesQ4 2022)
÷ No. shares of common stock outstanding
= (934,000,000 + 487,000,000 + 727,000,000 + 998,000,000)
÷ 307,151,680 = 10.24
3 Closing price as at the filing date of Hess Corp. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 147.76 ÷ 10.24 = 14.43
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Hess Corp. P/OP ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023. |
Price to Sales (P/S)
Hess Corp., historical P/S calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 307,151,680 | 307,061,031 | 307,051,889 | 306,180,424 | 308,308,466 | 309,614,906 | 311,262,547 | 309,745,523 | 309,726,894 | 309,672,952 | 308,436,780 | 306,986,553 | 307,077,424 | 307,144,424 | 307,158,340 | 305,214,587 | 304,706,235 | 304,480,590 | 304,280,819 | 303,034,262 | 296,253,136 | 299,688,199 | 308,055,101 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Sales and other operating revenues (in millions) | 2,800) | 2,289) | 2,411) | 2,934) | 3,122) | 2,955) | 2,313) | 2,237) | 1,759) | 1,579) | 1,898) | 1,321) | 1,159) | 833) | 1,354) | 1,683) | 1,580) | 1,660) | 1,572) | 1,650) | 1,793) | 1,534) | 1,346) | |||||||
| Sales per share2 | 33.97 | 35.03 | 37.20 | 36.98 | 34.47 | 29.92 | 25.34 | 24.13 | 21.17 | 19.24 | 16.89 | 15.20 | 16.38 | 17.74 | 20.44 | 21.28 | 21.21 | 21.92 | 21.52 | 20.87 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 147.76 | 151.94 | 130.94 | 138.95 | 142.10 | 99.86 | 109.57 | 101.40 | 82.13 | 73.20 | 81.29 | 65.53 | 37.00 | 53.39 | 46.40 | 64.72 | 70.73 | 57.50 | 63.11 | 57.68 | 59.15 | 64.80 | 57.65 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/S ratio4 | 4.35 | 4.34 | 3.52 | 3.76 | 4.12 | 3.34 | 4.32 | 4.20 | 3.88 | 3.81 | 4.81 | 4.31 | 2.26 | 3.01 | 2.27 | 3.04 | 3.34 | 2.62 | 2.93 | 2.76 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 1.39 | 1.39 | 1.27 | 1.31 | 1.54 | 1.44 | 1.86 | 1.69 | 1.63 | 1.69 | 2.19 | 2.09 | 1.29 | 1.42 | 1.24 | 1.46 | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 2.42 | 2.06 | 1.56 | 1.68 | 2.22 | 1.75 | 2.47 | 2.58 | 2.67 | 2.56 | 3.35 | 3.52 | 1.50 | 1.66 | 1.48 | 1.94 | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.21 | 1.17 | 1.13 | 1.12 | 1.17 | 1.08 | 1.26 | 1.17 | 1.12 | 1.12 | 1.43 | 1.34 | 0.72 | 0.87 | 0.75 | 0.88 | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.38 | 0.34 | 0.28 | 0.32 | 0.32 | 0.29 | 0.37 | 0.35 | 0.39 | 0.40 | 0.55 | 0.51 | 0.25 | 0.26 | 0.17 | 0.25 | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 1.81 | 1.72 | 1.48 | 1.45 | 1.87 | 1.80 | 1.92 | 1.40 | 1.42 | 1.26 | 1.51 | 1.39 | 0.57 | 0.71 | 0.52 | 1.44 | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.28 | 0.28 | 0.24 | 0.28 | 0.29 | 0.28 | 0.36 | 0.31 | 0.34 | 0.34 | 0.48 | 0.48 | 0.19 | 0.26 | 0.25 | 0.27 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
Sales per share
= (Sales and other operating revenuesQ3 2023
+ Sales and other operating revenuesQ2 2023
+ Sales and other operating revenuesQ1 2023
+ Sales and other operating revenuesQ4 2022)
÷ No. shares of common stock outstanding
= (2,800,000,000 + 2,289,000,000 + 2,411,000,000 + 2,934,000,000)
÷ 307,151,680 = 33.97
3 Closing price as at the filing date of Hess Corp. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 147.76 ÷ 33.97 = 4.35
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. | Hess Corp. P/S ratio increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Price to Book Value (P/BV)
Hess Corp., historical P/BV calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 307,151,680 | 307,061,031 | 307,051,889 | 306,180,424 | 308,308,466 | 309,614,906 | 311,262,547 | 309,745,523 | 309,726,894 | 309,672,952 | 308,436,780 | 306,986,553 | 307,077,424 | 307,144,424 | 307,158,340 | 305,214,587 | 304,706,235 | 304,480,590 | 304,280,819 | 303,034,262 | 296,253,136 | 299,688,199 | 308,055,101 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Total Hess Corporation stockholders’ equity (in millions) | 8,631) | 8,272) | 8,133) | 7,855) | 7,559) | 7,136) | 6,308) | 6,300) | 5,609) | 5,488) | 5,616) | 5,366) | 5,916) | 6,395) | 7,200) | 8,732) | 8,908) | 9,294) | 9,342) | 9,629) | 9,650) | 9,972) | 10,605) | |||||||
| Book value per share (BVPS)2 | 28.10 | 26.94 | 26.49 | 25.65 | 24.52 | 23.05 | 20.27 | 20.34 | 18.11 | 17.72 | 18.21 | 17.48 | 19.27 | 20.82 | 23.44 | 28.61 | 29.23 | 30.52 | 30.70 | 31.78 | 32.57 | 33.27 | 34.43 | |||||||
| Share price1, 3 | 147.76 | 151.94 | 130.94 | 138.95 | 142.10 | 99.86 | 109.57 | 101.40 | 82.13 | 73.20 | 81.29 | 65.53 | 37.00 | 53.39 | 46.40 | 64.72 | 70.73 | 57.50 | 63.11 | 57.68 | 59.15 | 64.80 | 57.65 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/BV ratio4 | 5.26 | 5.64 | 4.94 | 5.42 | 5.80 | 4.33 | 5.41 | 4.99 | 4.54 | 4.13 | 4.46 | 3.75 | 1.92 | 2.56 | 1.98 | 2.26 | 2.42 | 1.88 | 2.06 | 1.82 | 1.82 | 1.95 | 1.67 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 1.70 | 1.88 | 1.86 | 1.94 | 2.21 | 1.93 | 2.25 | 1.89 | 1.61 | 1.47 | 1.59 | 1.50 | 1.02 | 1.21 | 1.17 | 1.42 | 1.48 | 1.45 | 1.43 | — | — | — | — | |||||||
| ConocoPhillips | 3.03 | 2.90 | 2.47 | 2.75 | 3.40 | 2.28 | 2.70 | 2.61 | 2.19 | 1.69 | 1.74 | 2.22 | 1.02 | 1.28 | 1.40 | 1.80 | 1.72 | 1.98 | 2.11 | — | — | — | — | |||||||
| Exxon Mobil Corp. | 2.10 | 2.14 | 2.24 | 2.29 | 2.43 | 2.14 | 2.28 | 1.93 | 1.69 | 1.52 | 1.64 | 1.53 | 0.79 | 1.03 | 1.02 | 1.17 | 1.59 | 1.56 | 1.71 | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 2.22 | 2.10 | 1.85 | 2.02 | 2.12 | 1.77 | 2.09 | 1.61 | 1.41 | 1.20 | 1.80 | 1.60 | 0.92 | 1.06 | 0.83 | 0.91 | 1.31 | 0.98 | 1.03 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 1.81 | 1.87 | 1.78 | 1.76 | 2.37 | 2.18 | 2.24 | 1.79 | 1.67 | 1.35 | 1.36 | 1.33 | 0.57 | 0.66 | 0.39 | 0.86 | 1.10 | 1.80 | 2.07 | — | — | — | — | |||||||
| Valero Energy Corp. | 1.64 | 1.71 | 1.66 | 2.09 | 2.23 | 2.06 | 2.51 | 1.91 | 1.84 | 1.57 | 1.70 | 1.65 | 0.77 | 1.16 | 1.43 | 1.35 | 1.97 | 1.49 | 1.65 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
BVPS = Total Hess Corporation stockholders’ equity ÷ No. shares of common stock outstanding
= 8,631,000,000 ÷ 307,151,680 = 28.10
3 Closing price as at the filing date of Hess Corp. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 147.76 ÷ 28.10 = 5.26
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. | Hess Corp. P/BV ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |