Equinor ASA

EQNR Energy Oil & Gas Integrated

Equinor ASA’s revenue for fiscal 2025 (year ended December 2025) was $106.5 billion, up 2.59% from fiscal 2024.

Revenue
+27.4%
EPS
+1,440.0%
Free cash flow
+60.9%
Total debt
−4.44%

Quarter to September 2026, against a year earlier

41.99 0.55 −1.29%
Market cap
$101.7B
P/E
8.8×
Fwd P/E
8.3×
Dividend yield
3.56%
F-score
5/9
Altman Z
2.43
Beneish M
−2.99
Dividend safety
34/100

Equinor ASA (EQNR) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Equinor ASA (EQNR) trades at a P/E ratio of 8.8×. Over the past ten years it has ranged from 0.0× (September 2021) to 7,687× (April 2016); the current reading is higher than 65% of that period. That is in line with the Oil & Gas Integrated industry median of 8.8× and below the Energy sector median of 11.9×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 12.4× 62.94%
FY2024 7.6× (5.69%)
FY2023 8.1× 124.25%
FY2022 3.6× (64.00%)
FY2021 10.0× —
FY2020 0.0× —
FY2019 36.2× 288.16%
FY2018 9.3× (40.65%)
FY2017 15.7× —
FY2016 0.0× —

Quarterly newest first

Period P/E ratio Change
Sep 2026 8.6× 0.83%
Jun 2026 8.6× (55.80%)
Mar 2026 19.4× 56.47%
Dec 2025 12.4× 7.58%
43 more quarters

Against its own ten years

Low 0.0× High 7,687×
Ten-year median 7.3×
Current reading's percentile 48

P/E ratio against peers

Company P/E ratio
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 4.2×
PBR Petroleo Brasileiro S.A.- Petrobras compare 4.8×
EC Ecopetrol S.A. compare 8.3×
SHEL Shell PLC Unsponsored ADR compare 8.6×
TTE TotalEnergies SE Sponsored ADR compare 8.7×
EQNR Equinor ASA 8.8×
E Eni SpA compare 8.9×
CVE Cenovus Energy Inc compare 10.7×
BP BP p.l.c. compare 13.0×
Oil & Gas Integrated industry median 8.8×
Energy sector median 11.9×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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