Latest Ratios: P/E Ratio 6.3x · EV/EBITDA 5.2x · ROE 10.1%. (2009–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $137M | $185M | $238M | $231M | $337M | $118M | $49M | $194M | $158M | $346M | $431M |
| Enterprise Value | $81M | $128M | $370M | $332M | $535M | $332M | $302M | $483M | $170M | $405M | $482M |
| P/E Ratio → | 6.27 | 4.44 | 19.35 | 0.62 | 6.10 | — | — | — | 3.18 | — | 3.68 |
| P/S Ratio | 0.65 | 0.70 | 0.81 | 0.75 | 0.74 | 0.34 | 0.24 | 0.70 | 0.77 | 1.54 | 0.54 |
| P/B Ratio | 0.29 | 0.40 | 0.58 | 0.59 | — | — | — | 0.45 | 0.29 | 0.71 | 0.77 |
| P/FCF | — | — | — | 2.10 | 11.36 | 3.56 | 1.28 | — | — | — | — |
| P/OCF | 2.79 | 3.75 | 4.64 | 1.63 | 5.23 | 1.87 | 0.66 | 4.10 | 1.47 | 2.89 | 5.03 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.48 | 1.26 | 1.08 | 1.17 | 0.97 | 1.49 | 1.75 | 0.83 | 1.80 | 0.61 |
| EV / EBITDA | 5.20 | 4.65 | 5.88 | 3.19 | 5.58 | 135.03 | — | 9.77 | 1.46 | — | 1.43 |
| EV / EBIT | — | 1.67 | 12.36 | 2.06 | 7.42 | — | — | — | 3.13 | — | — |
| EV / FCF | — | — | — | 3.01 | 18.04 | 10.02 | 7.86 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.2% | 27.2% | 93.7% | 38.8% | 59.7% | 50.3% | 10.2% | 28.1% | 43.2% | 36.2% | 78.6% |
| Operating Margin | -1.9% | -1.9% | 10.3% | 24.8% | 15.7% | -7.5% | -218.6% | -4.3% | 26.5% | -35.3% | 32.8% |
| Net Profit Margin | 16.7% | 16.7% | 4.4% | 127.7% | 12.6% | -9.4% | -229.6% | -12.8% | 24.3% | -37.8% | 14.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.1% | 10.1% | 3.2% | 203.2% | — | — | -231.7% | -7.2% | 9.7% | -16.2% | 20.8% |
| ROA | 6.5% | 6.5% | 1.7% | 65.6% | 12.7% | -7.6% | -73.5% | -4.7% | 7.7% | -11.7% | 16.2% |
| ROIC | -0.8% | -0.8% | 4.4% | 16.7% | 31.5% | -10.4% | -70.3% | -1.4% | 7.4% | -10.3% | 35.3% |
| ROCE | -0.8% | -0.8% | 4.6% | 15.9% | 23.6% | -8.3% | -77.2% | -1.7% | 9.0% | -11.9% | 37.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.32 | 0.31 | — | — | — | 0.67 | 0.04 | 0.26 | 0.23 |
| Debt / EBITDA | 0.14 | 0.14 | 2.10 | 1.17 | 2.06 | 94.67 | — | 5.86 | 0.20 | — | 0.38 |
| Net Debt / Equity | — | -0.12 | 0.32 | 0.26 | — | — | — | 0.67 | 0.02 | 0.12 | 0.09 |
| Net Debt / EBITDA | -2.07 | -2.07 | 2.10 | 0.97 | 2.06 | 87.03 | — | 5.86 | 0.10 | — | 0.15 |
| Debt / FCF | — | — | — | 0.92 | 6.67 | 6.46 | 6.57 | — | — | — | — |
| Interest Coverage | 4.91 | 4.91 | 2.05 | 9.11 | 5.11 | -1.65 | -21.61 | -1.09 | 12.06 | -14.21 | -3.00 |
Net cash position: cash ($61M) exceeds total debt ($4M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.25 | 2.25 | 1.05 | 1.02 | 0.71 | 0.76 | 1.00 | 0.86 | 1.44 | 1.85 | 2.20 |
| Quick Ratio | 2.25 | 2.25 | 1.05 | 1.02 | 0.71 | 0.76 | 1.00 | 0.86 | 1.22 | 1.83 | 2.20 |
| Cash Ratio | 1.04 | 1.04 | — | 0.22 | — | 0.11 | 0.18 | — | 0.35 | 1.18 | 1.37 |
| Asset Turnover | — | 0.44 | 0.39 | 0.42 | 1.00 | 0.75 | 0.53 | 0.31 | 0.34 | 0.33 | 1.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 16.78 | 188.49 | — |
| Days Sales Outstanding | — | 41.77 | 49.19 | 46.39 | 64.05 | 97.89 | 55.80 | 43.90 | 46.30 | 58.24 | 20.10 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 7.7% | 8.2% | — | — | 3.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 11.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 16.0% | 22.5% | 5.2% | 162.4% | 16.4% | — | — | — | 31.4% | — | 27.2% |
| FCF Yield | — | — | — | 47.7% | 8.8% | 28.1% | 78.0% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.8% | 1.1% | 0.2% | 0.1% | 0.1% | 15.3% | 0.5% | 0.5% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.8% | 1.1% | 0.2% | 0.1% | 7.8% | 23.5% | 0.5% | 0.5% | 3.2% |
| Shares Outstanding | — | $40M | $40M | $39M | $38M | $38M | $38M | $29M | $25M | $25M | $25M |
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying AMPY stock.
Amplify Energy Corp.'s current P/E ratio is 6.3x. The historical average is 5.5x. This places it at the 86th percentile of its historical range.
Amplify Energy Corp.'s current EV/EBITDA is 5.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.7x.
Amplify Energy Corp.'s return on equity (ROE) is 10.1%. The historical average is -6.1%.
Based on historical data, Amplify Energy Corp. is trading at a P/E of 6.3x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Amplify Energy Corp. has 27.2% gross margin and -1.9% operating margin.
Amplify Energy Corp.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Volatile quarterly earnings dependence
Metrics are mathematically derived from official filings.
Low Multiples Reflect Earnings Doubt
Based on reported figures, AMPY trades at 3.23 times trailing earnings, 2.93 times EV/EBITDA and 0.29 times book value, multiples well below sector norms that suggest the market is discounting earnings durability rather than signaling clear undervaluation.
The low P/E and EV/EBITDA appear to reflect skepticism about net income that is heavily influenced by non-operating items, given the sharp divergence between net and operating income in several quarters. The 0.29 price-to-book ratio is more informative here, since book value is largely oil and gas property whose realizable value depends on commodity prices and reserve quality. Investors should monitor whether trailing multiples are distorted by one-off gains before treating them as a valuation signal.
Margins Too Volatile to Anchor Earnings
As reported in the income statements, AMPY's operating margin swung from roughly -40% to +47% across ten quarters, a range that makes any single period an unreliable indicator of earning power.
Gross margins ranging from about 20% to 94% point to irregular cost-of-revenue recognition and commodity exposure rather than stable pricing power. Net margin extremes, including 113.9% in 2025Q4 against an operating loss, suggest non-operating items dominate reported profit. A normalized earnings view built from multi-quarter averages would be more defensible than any individual quarter.
Returns Oscillate Around Zero
According to the ten-quarter record, AMPY's ROIC has ranged between -3.7% and 4.6%, with ROE positive in only some periods, indicating the company has not yet demonstrated sustained compounding of invested capital.
Returns hovering near zero against an asset base of roughly $576M suggest the capital base is not generating returns clearly above its cost. The alternation between profitable and loss-making quarters implies returns are driven more by commodity cycles and one-time items than by structural efficiency. A sustained run of positive ROIC above the cost of capital would be needed to change this assessment.
Deleveraging Materially Reduces Risk
Based on reported figures, AMPY's debt-to-equity fell from 0.33 in 2025Q2 to 0.01 in 2026Q2 as total debt declined from $135.0M to $3.1M, a repair that materially changes the company's financial risk profile.
Near-zero leverage substantially reduces refinancing and covenant risk relative to the company's own history. However, the interest coverage series is erratic, swinging between deeply negative and above 26x, so debt service comfort is hard to judge from earnings alone. The sharp asset decline from $771.3M to $576.1M over the same period may indicate divestitures or impairments, which warrants further investigation before crediting the leverage improvement entirely to operating performance.
Thin Cash Cushion Behind Current Ratio
As reported in the balance sheet, AMPY's current ratio of 1.31 in 2026Q2 rests on cash of only $21.2M, down from $60.7M in 2025Q4, a buffer that appears small against a $576.1M asset base.
A current ratio above 1.0 is less reassuring when the cash component has fallen by roughly two-thirds in two quarters, suggesting current assets may be composed substantially of receivables or other non-cash items. Under a severe commodity price decline combined with negative free cash flow, reported cash may not cover near-term obligations without asset sales or new financing. Investors should monitor the composition of current assets and the trajectory of cash before drawing comfort from the headline ratio.
Ratio Gains May Mask Asset Shrinkage
Based on the supplied data, the most misleading ratio is debt-to-equity, which falls sharply as total assets contract from $771.3M to $576.1M, potentially flattering leverage without reflecting improved earning power.
Debt-to-equity improves mechanically when the asset base shrinks through divestitures, impairments, or write-downs, even if operating returns remain near zero. For an oil and gas producer whose value depends on reserves and commodity prices, a more informative measure would be net debt to EBITDA or debt relative to proved reserve value, alongside ROIC tracked over a full commodity cycle. Investors should monitor whether the deleveraging reflects balance sheet repair or simply a smaller company.