Question 1

What is Valero Energy's P/E ratio?

Accepted Answer

Valero Energy (VLO) P/E ratio is 18.1× 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 Valero Energy?

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

Question 5

Is Valero Energy's P/E ratio high or low?

Accepted Answer

Valero Energy's P/E ratio of 18.1× is above its own 5-year average of 16.5× and above the sector median of 17.9×. That places the current reading at the 68th 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 Valero Energy's historical P/E ratio range?

Accepted Answer

In the available daily series, Valero Energy (VLO) P/E ratio has ranged from a low of 2.8× in 2023 to a high of 71.7× in 2025. The 5-year average is 16.5× and the 5-year median is 10.1×.

Question 7

What was Valero Energy's P/E ratio in 2025?

Accepted Answer

Valero Energy (VLO) P/E ratio at the end of 2025 was 21.0×. 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 Valero Energy'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	$49.33B	$2.35B	21.0×	+7.1×	Dec 31, 2025
2024	$38.62B	$2.77B	13.9×	+9.0×	Dec 31, 2024
2023	$43.81B	$8.84B	5.0×	+0.8×	Dec 31, 2023
2022	$48.21B	$11.53B	4.2×	-28.7×	Dec 31, 2022
2021	$30.57B	$930.00M	32.9×	—	Dec 31, 2021
2020	$23.02B	−$1.42B	—	—	Dec 31, 2020
2019	$38.30B	$2.42B	15.8×	+5.7×	Dec 31, 2019
2018	$31.56B	$3.12B	10.1×	+0.3×	Dec 31, 2018
2017	$39.98B	$4.07B	9.8×	-3.6×	Dec 31, 2017
2016	$30.81B	$2.29B	13.5×	+5.0×	Dec 31, 2016
2015	$33.87B	$3.99B	8.5×	+1.4×	Dec 31, 2015
2014	$25.59B	$3.63B	7.0×	-2.9×	Dec 31, 2014
2013	$27.01B	$2.72B	9.9×	+1.7×	Dec 31, 2013
2012	$17.17B	$2.08B	8.2×	+3.1×	Dec 31, 2012
2011	$10.67B	$2.09B	5.1×	-31.8×	Dec 31, 2011
2010	$11.95B	$324.00M	36.9×	—	Dec 31, 2010
2009	$8.60B	−$1.98B	—	—	Dec 31, 2009
2008	$10.16B	−$1.13B	—	—	Dec 31, 2008
2007	$34.03B	$5.23B	6.5×	+1.4×	Dec 31, 2007
2006	$27.99B	$5.46B	5.1×	-3.0×	Dec 31, 2006
2005	$29.18B	$3.59B	8.1×	+2.2×	Dec 31, 2005
2004	$10.62B	$1.80B	5.9×	-2.7×	Dec 31, 2004
2003	$5.32B	$621.50M	8.6×	-31.2×	Dec 31, 2003
2002	$3.64B	$91.50M	39.7×	+33.2×	Dec 31, 2002
2001	$3.66B	$563.55M	6.5×	—	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×
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×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×
Sunrun (RUN)	5.6×

P/E Ratio for Valero Energy (VLO)

P/E Ratio daily chart for Valero Energy (VLO)

Historical P/E Ratio for Valero Energy (VLO) from 2001 to 2025

About P/E Ratio at Valero Energy (VLO)

Valero Energy P/E Ratio by Year

Valero Energy P/E Ratio 2025: 21.0×

Valero Energy P/E Ratio 2024: 13.9×

Valero Energy P/E Ratio 2023: 5.0×

Valero Energy P/E Ratio 2022: 4.2×

Valero Energy P/E Ratio 2021: 32.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Valero Energy (VLO) Key Financials

P/E Ratio daily chart for Valero Energy (VLO)

Historical P/E Ratio for Valero Energy (VLO) from 2001 to 2025

About P/E Ratio at Valero Energy (VLO)

Valero Energy P/E Ratio by Year

Valero Energy P/E Ratio 2025: 21.0×

Valero Energy P/E Ratio 2024: 13.9×

Valero Energy P/E Ratio 2023: 5.0×

Valero Energy P/E Ratio 2022: 4.2×

Valero Energy P/E Ratio 2021: 32.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Valero Energy'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 Valero Energy?

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

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

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

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

Valero Energy (VLO) Key Financials