Question 1

What is EQT's P/E ratio?

Accepted Answer

EQT (EQT) P/E ratio is 10.0× 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 EQT?

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 EQT specifically, the relevant sector benchmark is the current sector median of 17.9×.

Question 5

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

Accepted Answer

EQT's P/E ratio of 10.0× is below its own 5-year average of 29.1× and below the sector median of 17.9×. That places the current reading at the 41th 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 EQT's historical P/E ratio range?

Accepted Answer

In the available daily series, EQT (EQT) P/E ratio has ranged from a low of 2.7× in 2023 to a high of 1075.7× in 2017. The 5-year average is 29.1× and the 5-year median is 16.4×.

Question 7

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

Accepted Answer

EQT (EQT) P/E ratio at the end of 2025 was 16.4×. 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 EQT'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	$33.48B	$2.04B	16.4×	-104.1×	Dec 31, 2025
2024	$27.78B	$230.58M	120.5×	+111.2×	Dec 31, 2024
2023	$16.11B	$1.74B	9.3×	+2.3×	Dec 31, 2023
2022	$12.39B	$1.77B	7.0×	—	Dec 31, 2022
2021	$8.24B	−$1.15B	—	—	Dec 31, 2021
2020	$3.46B	−$967.17M	—	—	Dec 31, 2020
2019	$2.78B	−$1.22B	—	—	Dec 31, 2019
2018	$4.81B	−$2.24B	—	—	Dec 31, 2018
2017	$6.78B	$1.51B	4.5×	—	Dec 31, 2017
2016	$6.16B	−$452.98M	—	—	Dec 31, 2016
2015	$4.33B	$85.17M	50.9×	+34.7×	Dec 31, 2015
2014	$6.25B	$386.96M	16.1×	-2.7×	Dec 31, 2014
2013	$7.37B	$390.57M	18.9×	-7.4×	Dec 31, 2013
2012	$4.81B	$183.40M	26.2×	+16.9×	Dec 31, 2012
2011	$4.46B	$479.77M	9.3×	-6.6×	Dec 31, 2011
2010	$3.63B	$227.70M	15.9×	-4.0×	Dec 31, 2010
2009	$3.13B	$156.93M	19.9×	+10.6×	Dec 31, 2009
2008	$2.38B	$255.60M	9.3×	-4.4×	Dec 31, 2008
2007	$3.52B	$257.48M	13.7×	+1.3×	Dec 31, 2007
2006	$2.73B	$220.29M	12.4×	+3.2×	Dec 31, 2006
2005	$2.39B	$260.06M	9.2×	+2.0×	Dec 31, 2005
2004	$2.01B	$279.85M	7.2×	-1.3×	Dec 31, 2004
2003	$1.45B	$170.00M	8.5×	+0.9×	Dec 31, 2003
2002	$1.18B	$154.11M	7.6×	-0.0×	Dec 31, 2002
2001	$1.16B	$151.81M	7.7×	—	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×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×
Sunrun (RUN)	5.6×

P/E Ratio for EQT (EQT)

P/E Ratio daily chart for EQT (EQT)

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

About P/E Ratio at EQT (EQT)

EQT P/E Ratio by Year

EQT P/E Ratio 2025: 16.4×

EQT P/E Ratio 2024: 120.5×

EQT P/E Ratio 2023: 9.3×

EQT P/E Ratio 2022: 7.0×

EQT P/E Ratio 2017: 4.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

EQT (EQT) Key Financials

P/E Ratio daily chart for EQT (EQT)

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

About P/E Ratio at EQT (EQT)

EQT P/E Ratio by Year

EQT P/E Ratio 2025: 16.4×

EQT P/E Ratio 2024: 120.5×

EQT P/E Ratio 2023: 9.3×

EQT P/E Ratio 2022: 7.0×

EQT P/E Ratio 2017: 4.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is EQT'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 EQT?

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

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

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

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

EQT (EQT) Key Financials