Question 1

What is APA's P/E ratio?

Accepted Answer

APA (APA) P/E ratio is 8.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for APA?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For APA specifically, the relevant sector benchmark is the current sector median of 17.9×.

Question 5

Is APA's P/E ratio high or low?

Accepted Answer

APA's P/E ratio of 8.4× is above its own 5-year average of 6.5× and below the sector median of 17.9×. That places the current reading at the 72th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is APA's historical P/E ratio range?

Accepted Answer

In the available daily series, APA (APA) P/E ratio has ranged from a low of 2.8× in 2023 to a high of 248.7× in 2018. The 5-year average is 6.5× and the 5-year median is 5.9×.

Question 7

What was APA's P/E ratio in 2025?

Accepted Answer

APA (APA) P/E ratio at the end of 2025 was 6.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does APA's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$8.68B	$1.43B	6.1×	-4.5×	Dec 31, 2025
2024	$8.52B	$804.00M	10.6×	+6.8×	Dec 31, 2024
2023	$10.98B	$2.85B	3.8×	-0.3×	Dec 31, 2023
2022	$14.98B	$3.60B	4.2×	-4.4×	Dec 31, 2022
2021	$9.71B	$1.14B	8.6×	—	Dec 31, 2021
2020	$5.36B	−$4.78B	—	—	Dec 31, 2020
2019	$9.65B	−$3.53B	—	—	Dec 31, 2019
2018	$9.95B	$40.00M	248.7×	+236.4×	Dec 31, 2018
2017	$16.09B	$1.30B	12.3×	—	Dec 31, 2017
2016	$24.12B	−$1.41B	—	—	Dec 31, 2016
2015	$16.81B	−$16.87B	—	—	Dec 31, 2015
2014	$23.63B	−$5.40B	—	—	Dec 31, 2014
2013	$34.29B	$2.23B	15.4×	+0.0×	Dec 31, 2013
2012	$30.69B	$2.00B	15.3×	+7.8×	Dec 31, 2012
2011	$34.78B	$4.58B	7.6×	-7.5×	Dec 31, 2011
2010	$45.67B	$3.03B	15.1×	—	Dec 31, 2010
2009	$34.76B	−$284.40M	—	—	Dec 31, 2009
2008	$24.97B	$711.95M	35.1×	+22.3×	Dec 31, 2008
2007	$35.85B	$2.81B	12.7×	+4.1×	Dec 31, 2007
2006	$22.09B	$2.55B	8.7×	+0.0×	Dec 31, 2006
2005	$22.59B	$2.62B	8.6×	-1.3×	Dec 31, 2005
2004	$16.63B	$1.67B	9.9×	-1.8×	Dec 31, 2004
2003	$13.18B	$1.12B	11.7×	-3.8×	Dec 31, 2003
2002	$8.64B	$554.33M	15.6×	+6.1×	Dec 31, 2002
2001	$6.87B	$723.40M	9.5×	—	Dec 31, 2001


Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Exxon Mobil (XOM)	28.0×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
Kinder Morgan (KMI)	22.5×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Halliburton (HAL)	21.2×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
First Solar (FSLR)	12.7×
EQT (EQT)	11.9×
Expand Energy (EXE)	8.2×
Sunrun (RUN)	5.6×

P/E Ratio for APA (APA)

P/E Ratio daily chart for APA (APA)

Historical P/E Ratio for APA (APA) from 2001 to 2025

About P/E Ratio at APA (APA)

APA P/E Ratio by Year

APA P/E Ratio 2025: 6.1×

APA P/E Ratio 2024: 10.6×

APA P/E Ratio 2023: 3.8×

APA P/E Ratio 2022: 4.2×

APA P/E Ratio 2021: 8.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

APA (APA) Key Financials

P/E Ratio daily chart for APA (APA)

Historical P/E Ratio for APA (APA) from 2001 to 2025

About P/E Ratio at APA (APA)

APA P/E Ratio by Year

APA P/E Ratio 2025: 6.1×

APA P/E Ratio 2024: 10.6×

APA P/E Ratio 2023: 3.8×

APA P/E Ratio 2022: 4.2×

APA P/E Ratio 2021: 8.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is APA's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for APA?

+Is APA's P/E ratio high or low?

+What is APA's historical P/E ratio range?

+What was APA's P/E ratio in 2025?

+Why does APA's P/E ratio change over time?

APA (APA) Key Financials