EQNR P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
EQNR's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
EQNR P/E ratio by year
Yearly range of EQNR’s p/e ratio from 2016 to 2026. Over the full period it ranged from -114.4 to 38.2, averaging -4.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.5 | 14.1 | 22.7 | 9.9 |
| 2025 | 7.0 | 8.9 | 12.6 | 12.6 |
| 2024 | 6.3 | 7.8 | 9.0 | 7.6 |
| 2023 | 2.8 | 4.1 | 6.3 | 5.7 |
| 2022 | 4.4 | 8.4 | 14.5 | 4.7 |
| 2021 | -114.4 | -25.4 | 32.9 | 10.0 |
| 2020 | -99.5 | -22.8 | 38.2 | -9.8 |
| 2019 | 6.7 | 9.6 | 36.3 | 36.3 |
| 2018 | 9.3 | 16.4 | 20.8 | 9.3 |
| 2017 | -85.7 | -50.4 | -18.4 | -85.7 |
| 2016 | -49.2 | -45.8 | -42.1 | -48.4 |
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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 EQNR P/E ratio High or Low Right Now?
Equinor ASA's P/E ratio is currently 9.9, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for EQNR is approximately 7.7. See all EQNR valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.