30 years of historical data (1996–2025) · Energy · Oil & Gas Integrated
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BP p.l.c. trades at 1904.9x earnings, 294% above its 5-year average of 483.1x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 11244%. On a free-cash-flow basis, the stock trades at 8.8x P/FCF, 38% above the 5-year average of 6.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $99.5B | $92.1B | $82.9B | $104.7B | $110.5B | $89.9B | $69.2B | $128.3B | $127.0B | $138.8B | $117.5B |
| Enterprise Value | $147.3B | $139.8B | $120.0B | $140.1B | $142.7B | $133.8B | $121.9B | $185.0B | $170.4B | $176.5B | $152.3B |
| P/E Ratio → | 1904.90 | 1702.45 | 211.14 | 6.87 | — | 11.89 | — | 31.98 | 13.54 | 40.81 | 1038.33 |
| P/S Ratio | 0.52 | 0.49 | 0.44 | 0.50 | 0.46 | 0.57 | 0.65 | 0.81 | 0.43 | 0.58 | 0.64 |
| P/B Ratio | 1.39 | 1.24 | 1.06 | 1.22 | 1.33 | 0.99 | 0.81 | 1.27 | 1.25 | 1.38 | 1.21 |
| P/FCF | 8.81 | 8.15 | 6.90 | 5.90 | 3.83 | 7.07 | — | 12.40 | 20.60 | 58.60 | — |
| P/OCF | 4.05 | 3.75 | 3.04 | 3.27 | 2.70 | 3.81 | 5.69 | 4.98 | 5.55 | 7.33 | 10.99 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
BP p.l.c.'s enterprise value stands at 4.4x EBITDA, 21% above its 5-year average of 3.6x. The Energy sector median is 7.3x, placing the stock at a 39% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.74 | 0.63 | 0.67 | 0.59 | 0.85 | 1.15 | 1.16 | 0.57 | 0.73 | 0.83 |
| EV / EBITDA | 4.41 | 4.19 | 3.97 | 2.23 | 2.56 | 5.25 | 8.51 | 5.44 | 5.18 | 7.03 | 13.40 |
| EV / EBIT | 9.50 | 11.40 | 10.57 | 5.08 | 7.92 | 7.54 | — | 15.89 | 8.85 | 20.44 | — |
| EV / FCF | — | 12.38 | 10.00 | 7.89 | 4.94 | 10.51 | — | 17.87 | 27.63 | 74.49 | — |
Margins and return-on-capital ratios measuring operating efficiency
BP p.l.c. earns an operating margin of 8.2%, below the Energy sector average of 13.9%. Operating margins have compressed from 22.5% to 8.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 0.1% is modest, trailing the sector median of 8.2%. ROIC of 9.8% represents adequate returns on invested capital versus a sector median of 6.8%.
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 | 17.4% | 17.4% | 16.0% | 30.7% | 22.8% | 14.5% | 9.6% | 17.3% | 9.7% | 7.9% | 3.6% |
| Operating Margin | 8.2% | 8.2% | 7.2% | 22.5% | 17.2% | 6.8% | -0.5% | 10.2% | 5.5% | 3.3% | -2.4% |
| Net Profit Margin | 0.0% | 0.0% | 0.2% | 7.3% | -1.0% | 4.8% | -19.2% | 2.5% | 3.1% | 1.4% | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.1% | 0.1% | 0.5% | 18.1% | -2.9% | 8.6% | -21.8% | 4.0% | 9.3% | 3.4% | 0.1% |
| ROA | 0.0% | 0.0% | 0.1% | 5.4% | -0.9% | 2.7% | -7.2% | 1.4% | 3.4% | 1.3% | 0.0% |
| ROIC | 9.8% | 9.8% | 8.6% | 29.9% | 24.9% | 5.9% | -0.3% | 8.0% | 8.7% | 4.4% | -2.6% |
| ROCE | 7.8% | 7.8% | 6.9% | 24.5% | 20.9% | 5.1% | -0.3% | 7.4% | 7.7% | 3.8% | -2.1% |
Solvency and debt-coverage ratios — lower is generally safer
BP p.l.c. carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (roughly in line with the sector average of 2.5x). Net debt stands at $47.7B ($84.3B total debt minus $36.6B cash). Interest coverage of 3.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.14 | 1.14 | 0.91 | 0.74 | 0.67 | 0.77 | 0.96 | 0.77 | 0.65 | 0.63 | 0.60 |
| Debt / EBITDA | 2.53 | 2.53 | 2.37 | 1.00 | 1.00 | 2.74 | 5.72 | 2.28 | 2.00 | 2.52 | 5.13 |
| Net Debt / Equity | — | 0.64 | 0.47 | 0.41 | 0.39 | 0.48 | 0.62 | 0.56 | 0.43 | 0.37 | 0.36 |
| Net Debt / EBITDA | 1.43 | 1.43 | 1.23 | 0.56 | 0.58 | 1.72 | 3.68 | 1.67 | 1.32 | 1.50 | 3.06 |
| Debt / FCF | — | 4.22 | 3.10 | 1.99 | 1.11 | 3.45 | — | 5.47 | 7.03 | 15.89 | — |
| Interest Coverage | 3.03 | 3.03 | 2.97 | 16.04 | 15.80 | 4.24 | -0.27 | 6.71 | 6.46 | 3.82 | -2.64 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.26x means BP p.l.c. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.21x to 1.26x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.26 | 1.26 | 1.25 | 1.21 | 1.09 | 1.15 | 1.22 | 1.12 | 1.05 | 1.16 | 1.16 |
| Quick Ratio | 0.98 | 0.98 | 0.97 | 0.94 | 0.80 | 0.86 | 0.94 | 0.83 | 0.78 | 0.86 | 0.86 |
| Cash Ratio | 0.46 | 0.46 | 0.42 | 0.33 | 0.24 | 0.33 | 0.49 | 0.28 | 0.33 | 0.40 | 0.40 |
| Asset Turnover | — | 0.68 | 0.67 | 0.74 | 0.84 | 0.55 | 0.40 | 0.54 | 1.06 | 0.87 | 0.70 |
| Inventory Turnover | 6.97 | 6.97 | 6.84 | 6.32 | 6.63 | 5.69 | 5.68 | 6.31 | 15.00 | 11.64 | 10.00 |
| Days Sales Outstanding | — | 53.13 | 50.52 | 53.14 | 50.33 | 61.00 | 61.49 | 54.85 | 24.50 | 29.60 | 28.82 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BP p.l.c. returns 9.4% to shareholders annually — split between a 4.9% dividend yield and 4.5% buyback yield. The payout ratio exceeds 100% at 9198.1%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 0.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 4.9% | 5.5% | 6.0% | 4.6% | 3.9% | 4.8% | 9.2% | 5.4% | 5.3% | 4.4% | 3.9% |
| Payout Ratio | 9198.1% | 9198.1% | 1312.9% | 31.6% | — | 56.9% | — | 172.5% | 71.4% | 181.5% | 4008.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.1% | 0.5% | 14.5% | — | 8.4% | — | 3.1% | 7.4% | 2.5% | 0.1% |
| FCF Yield | 11.3% | 12.3% | 14.5% | 17.0% | 26.1% | 14.2% | — | 8.1% | 4.9% | 1.7% | — |
| Buyback Yield | 4.5% | 4.9% | 8.6% | 7.6% | 9.0% | 3.5% | 1.1% | 1.2% | 0.3% | 0.2% | 0.0% |
| Total Shareholder Yield | 9.4% | 10.4% | 14.6% | 12.2% | 13.0% | 8.3% | 10.3% | 6.6% | 5.6% | 4.7% | 3.9% |
| Shares Outstanding | — | $2.7B | $2.8B | $3.0B | $3.2B | $3.4B | $3.4B | $3.4B | $3.4B | $3.3B | $3.1B |
Compare BP with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| BPYou | $100B | 1904.9 | 4.4 | 8.8 | 17.4% | 8.2% | 0.1% | 9.8% | 2.5 |
| SHEL | $236B | 13.9 | 5.9 | 10.8 | 16.7% | 11.5% | 10.1% | 9.9% | 2.0 |
| TTE | $172B | 13.3 | 5.8 | 15.9 | 11.5% | 11.5% | 11.5% | 10.9% | 1.7 |
| EQNR | $74B | 15.3 | 2.8 | 12.4 | 26.8% | 25.7% | 12.2% | 30.7% | 0.9 |
| E | $69B | 24.3 | 6.7 | 11.5 | 11.4% | 5.9% | 4.8% | 4.9% | 2.7 |
| SLNG | $105M | 22.6 | 10.0 | 23.1 | 19.2% | 4.6% | 7.1% | 3.8% | 0.9 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
BP p.l.c.'s current P/E ratio is 1904.9x. The historical average is 20.2x. This places it at the 100th percentile of its historical range.
BP p.l.c.'s current EV/EBITDA is 4.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.7x.
BP p.l.c.'s return on equity (ROE) is 0.1%. The historical average is 10.9%.
Based on historical data, BP p.l.c. is trading at a P/E of 1904.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BP p.l.c.'s current dividend yield is 4.92% with a payout ratio of 9198.1%.
BP p.l.c. has 17.4% gross margin and 8.2% operating margin.
BP p.l.c.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.