COP P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
COP's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
COP P/E ratio by year
Yearly range of COP’s p/e ratio from 2016 to 2026. Over the full period it ranged from -409.3 to 58.7, averaging -9.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.7 | 18.1 | 22.4 | 18.2 |
| 2025 | 10.5 | 12.4 | 14.8 | 14.8 |
| 2024 | 11.3 | 12.8 | 15.1 | 12.7 |
| 2023 | 6.5 | 10.0 | 13.8 | 12.7 |
| 2022 | 6.7 | 10.6 | 17.7 | 8.5 |
| 2021 | -409.3 | -79.2 | 58.7 | 11.9 |
| 2020 | -39.3 | 1.5 | 20.7 | -16.0 |
| 2019 | 7.2 | 9.9 | 13.2 | 10.2 |
| 2018 | -191.0 | -58.9 | 20.6 | 11.7 |
| 2017 | -40.2 | -23.5 | -13.4 | -27.5 |
| 2016 | -9.3 | -8.0 | -6.9 | -8.9 |
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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 COP P/E ratio High or Low Right Now?
ConocoPhillips's P/E ratio is currently 18.2, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for COP is approximately 11.0. See all COP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.