ConocoPhillips COP

127.30 (2.04) (1.58%) as of 25 Sep
Market cap
$154.0B
P/E
16.8×
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ConocoPhillips (COP) P/B ratio

As of 25 September 2026, ConocoPhillips (COP) trades at a P/B ratio of 2.4×. Over the past ten years it has ranged from 0.7× (March 2020) to 3.5× (November 2022); the current reading is higher than 66% of that period. That is above the Oil & Gas E&P industry median of 1.3× and above the Energy sector median of 1.5×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 1.8× 0.73%
FY2024 1.8× (37.13%)
FY2023 2.9× (4.41%)
FY2022 3.0× 42.63%
FY2021 2.1× 45.75%
FY2020 1.4× (30.32%)
FY2019 2.1× (8.61%)
FY2018 2.3× 3.43%
FY2017 2.2× 22.56%
FY2016 1.8× 23.69%

Quarterly

Period P/B ratio Change
Jun 2026 1.9× (22.89%)
Mar 2026 2.5× 37.74%
Dec 2025 1.8× 0.18%
Sep 2025 1.8× 5.42%
42 more quarters

Against its own ten years

Low 0.7× High 3.5×
Ten-year median 2.0×
Current reading's percentile 66

P/B ratio against peers

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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