FANG P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
FANG's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
FANG P/E ratio by year
Yearly range of FANG’s p/e ratio from 2016 to 2026. Over the full period it ranged from -254.9 to 251.4, averaging 7.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 25.1 | 104.9 | 251.4 | 38.9 |
| 2025 | 7.3 | 9.8 | 26.8 | 26.8 |
| 2024 | 8.6 | 10.3 | 11.7 | 10.4 |
| 2023 | 5.0 | 7.0 | 9.6 | 8.8 |
| 2022 | 4.9 | 7.8 | 12.1 | 5.6 |
| 2021 | -11.4 | 10.8 | 60.9 | 8.9 |
| 2020 | -153.4 | -15.8 | 69.4 | -1.7 |
| 2019 | 10.7 | 14.5 | 66.8 | 66.8 |
| 2018 | 11.6 | 22.1 | 26.8 | 11.6 |
| 2017 | -254.9 | -55.5 | 30.6 | 30.6 |
| 2016 | -20.2 | -17.0 | -11.3 | -18.5 |
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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 FANG P/E ratio High or Low Right Now?
Diamondback Energy, Inc.'s P/E ratio is currently 38.9, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for FANG is approximately 10.0. See all FANG valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.