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 | Free account |
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
| Company | P/B ratio |
|---|---|
| WDS Woodside Energy Group Ltd compare | n/m |
| DVN Devon Energy Corporation compare | 1.1× |
| EXE Expand Energy Corporation compare | 1.1× |
| EQT EQT Corporation compare | 1.1× |
| FANG Diamondback Energy, Inc. compare | 1.2× |
| OXY Occidental Petroleum Corporation compare | 1.7× |
| EOG EOG Resources, Inc. compare | 2.3× |
| COP ConocoPhillips | 2.4× |
| TPL Texas Pacific Land Corporation compare | 14.1× |
| Oil & Gas E&P industry median | 1.3× |
| Energy sector median | 1.5× |
| Market median | 1.8× |
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))
More on COP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement