Question 1

What is Exxon Mobil's P/B ratio?

Accepted Answer

Exxon Mobil (XOM) P/B ratio is 2.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Exxon Mobil?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Exxon Mobil specifically, the relevant sector benchmark is the current sector median of 2.4×.

Question 5

Is Exxon Mobil's P/B ratio high or low?

Accepted Answer

Exxon Mobil's P/B ratio of 2.5× is above its own 5-year average of 2.0× and above the sector median of 2.4×. That places the current reading at the 90th 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 Exxon Mobil's historical P/B ratio range?

Accepted Answer

In the available daily series, Exxon Mobil (XOM) P/B ratio has ranged from a low of 0.9× in 2020 to a high of 4.3× in 2007. The 5-year average is 2.0× and the 5-year median is 2.0×.

Question 7

What was Exxon Mobil's P/B ratio in 2025?

Accepted Answer

Exxon Mobil (XOM) P/B ratio at the end of 2025 was 2.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Exxon Mobil's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$521.19B	$259.39B	2.0×	+0.2×	Dec 31, 2025
2024	$479.98B	$263.70B	1.8×	-0.1×	Dec 31, 2024
2023	$397.02B	$204.80B	1.9×	-0.4×	Dec 31, 2023
2022	$450.24B	$195.05B	2.3×	+0.8×	Dec 31, 2022
2021	$260.94B	$168.58B	1.5×	+0.4×	Dec 31, 2021
2020	$176.02B	$157.15B	1.1×	-0.4×	Dec 31, 2020
2019	$298.46B	$191.65B	1.6×	+0.0×	Dec 31, 2019
2018	$290.17B	$191.79B	1.5×	-0.4×	Dec 31, 2018
2017	$356.51B	$187.69B	1.9×	-0.3×	Dec 31, 2017
2016	$369.85B	$167.32B	2.2×	+0.3×	Dec 31, 2016
2015	$323.43B	$170.81B	1.9×	-0.3×	Dec 31, 2015
2014	$389.36B	$174.40B	2.2×	-0.3×	Dec 31, 2014
2013	$442.42B	$174.00B	2.5×	+0.2×	Dec 31, 2013
2012	$391.44B	$165.86B	2.4×	-0.3×	Dec 31, 2012
2011	$404.44B	$154.40B	2.6×	+0.1×	Dec 31, 2011
2010	$362.89B	$146.84B	2.5×	-0.4×	Dec 31, 2010
2009	$321.99B	$110.57B	2.9×	-0.6×	Dec 31, 2009
2008	$394.12B	$112.97B	3.5×	-0.6×	Dec 31, 2008
2007	$497.70B	$121.76B	4.1×	+0.3×	Dec 31, 2007
2006	$433.61B	$113.84B	3.8×	+0.7×	Dec 31, 2006
2005	$341.90B	$111.19B	3.1×	-0.1×	Dec 31, 2005
2004	$327.56B	$101.76B	3.2×	+0.2×	Dec 31, 2004
2003	$268.72B	$89.92B	3.0×	-0.2×	Dec 31, 2003
2002	$234.26B	$74.60B	3.1×	-0.6×	Dec 31, 2002
2001	$270.04B	$73.16B	3.7×	—	Dec 31, 2001


Williams Companies (WMB)	6.9×
Enphase Energy (ENPH)	4.5×
Marathon Petroleum (MPC)	4.3×
Baker Hughes (BKR)	3.1×
Valero Energy (VLO)	3.1×
Halliburton (HAL)	3.0×
SLB (SLB)	2.9×
Phillips 66 (PSX)	2.6×
ONEOK (OKE)	2.5×
ConocoPhillips (COP)	2.5×
EOG Resources (EOG)	2.5×
Kinder Morgan (KMI)	2.4×
National Fuel Gas (NFG)	2.3×
APA (APA)	2.3×
Chevron (CVX)	2.2×
First Solar (FSLR)	2.1×
Devon Energy (DVN)	2.0×
Energy Transfer LP (ET)	1.9×
Enbridge (ENB)	1.8×
Occidental Petroleum (OXY)	1.6×
EQT (EQT)	1.6×
Diamondback Energy (FANG)	1.5×
Expand Energy (EXE)	1.3×
Sunrun (RUN)	1.0×
NACCO Industries (NC)	0.9×

P/B Ratio for Exxon Mobil (XOM)

P/B Ratio daily chart for Exxon Mobil (XOM)

Historical P/B Ratio for Exxon Mobil (XOM) from 2001 to 2025

About P/B Ratio at Exxon Mobil (XOM)

Exxon Mobil P/B Ratio by Year

Exxon Mobil P/B Ratio 2025: 2.0×

Exxon Mobil P/B Ratio 2024: 1.8×

Exxon Mobil P/B Ratio 2023: 1.9×

Exxon Mobil P/B Ratio 2022: 2.3×

Exxon Mobil P/B Ratio 2021: 1.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Exxon Mobil (XOM) Key Financials

P/B Ratio daily chart for Exxon Mobil (XOM)

Historical P/B Ratio for Exxon Mobil (XOM) from 2001 to 2025

About P/B Ratio at Exxon Mobil (XOM)

Exxon Mobil P/B Ratio by Year

Exxon Mobil P/B Ratio 2025: 2.0×

Exxon Mobil P/B Ratio 2024: 1.8×

Exxon Mobil P/B Ratio 2023: 1.9×

Exxon Mobil P/B Ratio 2022: 2.3×

Exxon Mobil P/B Ratio 2021: 1.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Exxon Mobil's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Exxon Mobil?

+Is Exxon Mobil's P/B ratio high or low?

+What is Exxon Mobil's historical P/B ratio range?

+What was Exxon Mobil's P/B ratio in 2025?

+Why does Exxon Mobil's P/B ratio change over time?

Exxon Mobil (XOM) Key Financials