APA P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
APA's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
APA P/E ratio by year
Yearly range of APA’s p/e ratio from 2016 to 2026. Over the full period it ranged from -2,511.0 to 360.8, averaging -54.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 5.9 | 8.1 | 11.2 | 9.0 |
| 2025 | 5.1 | 7.2 | 11.3 | 6.1 |
| 2024 | 2.5 | 3.3 | 10.2 | 10.2 |
| 2023 | 2.9 | 6.5 | 9.7 | 7.4 |
| 2022 | 3.3 | 6.9 | 16.0 | 4.5 |
| 2021 | -392.0 | -78.4 | 20.4 | 10.4 |
| 2020 | -3.6 | -1.0 | -0.2 | -1.1 |
| 2019 | -92.7 | 54.0 | 360.8 | -2.7 |
| 2018 | 10.0 | 16.2 | 262.5 | 262.5 |
| 2017 | -2,511.0 | -565.8 | 26.4 | 24.3 |
| 2016 | -3.0 | -2.6 | -1.6 | -2.8 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is APA P/E ratio High or Low Right Now?
APA Corporation's P/E ratio is currently 9.0, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for APA is approximately 4.8. See all APA valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.