Baytex Energy Corp. (BTE) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↓
4.58
↑+48% vs avg
5yr avg: 3.09
30Y Low2.3·High18.5
P/FCF
↑
16.95
↑+167% vs avg
5yr avg: 6.34
30Y Low2.9·High61.1
P/B Ratio
↑
1.82
↑+140% vs avg
5yr avg: 0.76
30Y Low0.2·High5.5
ROE
↓
-18.4%
↑-171% vs avg
5yr avg: 25.9%
30Y Low-139%·High117%
Debt/EBITDA
↓
0.16
↓-87% vs avg
5yr avg: 1.25
30Y Low0.2·High6.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BTE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Baytex Energy Corp. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 17.0x P/FCF, 167% above the 5-year average of 6.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $2.5B | $2.1B | $2.3B | $2.5B | $1.8B | $301M | $808M | $619M | $712M | $1.0B |
| Enterprise Value | $2.4B | $1.7B | $4.3B | $4.7B | $3.5B | $3.2B | $2.1B | $2.6B | $2.7B | $2.4B | $2.8B |
| P/E Ratio → | -7.23 | — | 8.60 | — | 2.97 | 1.10 | — | — | — | 8.11 | — |
| P/S Ratio | 2.82 | 1.68 | 1.28 | 0.86 | 1.10 | 1.15 | 0.37 | 0.53 | 0.56 | 0.82 | 1.71 |
| P/B Ratio | 1.82 | 1.04 | 0.49 | 0.61 | 0.84 | 0.80 | 0.52 | 0.27 | 0.20 | 0.37 | 0.52 |
| P/FCF | 16.95 | 10.09 | 3.48 | 9.77 | 3.92 | 4.45 | 4.26 | 2.90 | — | — | 46.12 |
| P/OCF | 2.81 | 1.67 | 1.08 | 1.81 | 2.17 | 2.48 | 0.85 | 0.97 | 1.27 | 2.19 | 4.19 |
P/E links to full P/E history page with 30-year chart
BTE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Baytex Energy Corp.'s enterprise value stands at 4.6x EBITDA, 48% above its 5-year average of 3.1x. The Energy sector median is 7.8x, placing the stock at a 42% 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 | — | 1.12 | 2.69 | 1.74 | 1.51 | 2.05 | 2.59 | 1.74 | 2.45 | 2.75 | 4.60 |
| EV / EBITDA | 4.58 | 2.26 | 5.05 | 2.76 | 2.25 | 3.13 | 6.07 | 2.86 | 4.47 | 5.57 | 10.95 |
| EV / EBIT | 14.78 | 7.30 | 12.14 | 7.35 | 3.68 | 5.99 | — | 16.46 | 66.40 | — | — |
| EV / FCF | — | 6.70 | 7.29 | 19.72 | 5.36 | 7.97 | 29.86 | 9.52 | — | — | 124.08 |
BTE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Baytex Energy Corp. earns an operating margin of 15.3%, roughly in line with the Energy sector average. Operating margins have compressed from 23.7% to 15.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -18.4% indicates the company is currently destroying shareholder equity. ROIC of 4.2% represents below-average returns on invested capital versus a sector median of 6.2%.
Margins
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 | 21.5% | 21.5% | 26.5% | 27.7% | 44.4% | 37.7% | -13.0% | 14.7% | 9.6% | -0.4% | -32.7% |
| Operating Margin | 15.3% | 15.3% | 22.1% | 23.7% | 41.0% | 34.3% | -18.4% | 10.5% | 3.7% | -7.7% | -43.5% |
| Net Profit Margin | -40.8% | -40.8% | 14.7% | -8.6% | 36.8% | 105.5% | -300.5% | -0.8% | -29.2% | 10.2% | -80.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.4% | -18.4% | 5.9% | -6.8% | 32.4% | 116.6% | -138.7% | -0.4% | -13.0% | 4.5% | -22.2% |
| ROA | -10.9% | -10.9% | 3.1% | -3.7% | 17.1% | 39.4% | -52.4% | -0.2% | -6.0% | 2.0% | -9.7% |
| ROIC | 4.2% | 4.2% | 4.2% | 9.5% | 18.7% | 13.2% | -3.1% | 2.4% | 0.7% | -1.4% | -4.9% |
| ROCE | 4.4% | 4.4% | 5.1% | 11.0% | 20.3% | 13.7% | -3.4% | 2.7% | 0.8% | -1.6% | -5.5% |
BTE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Baytex Energy Corp. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (94% below the sector average of 2.6x). The company holds a net cash position — cash of $952M exceeds total debt of $118M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 1.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.55 | 0.64 | 0.31 | 0.63 | 3.10 | 0.63 | 0.69 | 0.88 | 0.89 |
| Debt / EBITDA | 0.16 | 0.16 | 2.66 | 1.43 | 0.61 | 1.38 | 5.17 | 1.99 | 3.46 | 3.92 | 6.89 |
| Net Debt / Equity | — | -0.35 | 0.54 | 0.62 | 0.31 | 0.63 | 3.12 | 0.62 | 0.69 | 0.88 | 0.88 |
| Net Debt / EBITDA | -1.14 | -1.14 | 2.64 | 1.39 | 0.60 | 1.38 | 5.21 | 1.99 | 3.46 | 3.92 | 6.88 |
| Debt / FCF | — | -3.39 | 3.81 | 9.95 | 1.44 | 3.52 | 25.60 | 6.62 | — | — | 77.96 |
| Interest Coverage | 1.04 | 1.04 | 1.73 | 3.74 | 14.78 | 6.89 | -1.69 | 1.86 | 0.38 | -0.64 | -2.54 |
Net cash position: cash ($952M) exceeds total debt ($118M)
BTE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Baytex Energy Corp.'s current ratio of 3.61x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.79x to 3.61x 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 | 3.61 | 3.61 | 0.78 | 0.79 | 0.85 | 0.54 | 0.57 | 0.79 | 0.73 | 0.67 | 0.78 |
| Quick Ratio | 3.61 | 3.61 | 0.78 | 0.79 | 0.85 | 0.51 | 0.51 | 0.79 | 1.04 | 0.76 | 0.78 |
| Cash Ratio | 2.89 | 2.89 | 0.03 | 0.10 | 0.02 | -0.02 | -0.06 | 0.02 | 0.31 | 0.09 | 0.02 |
| Asset Turnover | — | 0.44 | 0.21 | 0.36 | 0.45 | 0.32 | 0.24 | 0.26 | 0.17 | 0.20 | 0.13 |
| Inventory Turnover | — | — | — | — | — | 123.68 | 83.03 | — | — | — | — |
| Days Sales Outstanding | — | 33.33 | 87.70 | 45.53 | 31.81 | 41.08 | 48.22 | 41.56 | 36.63 | 47.31 | 67.52 |
BTE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Baytex Energy Corp. returns 2.3% to shareholders annually — split between a 1.6% dividend yield and 0.7% buyback yield.
Dividends
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 | 1.6% | 2.8% | 3.5% | 1.6% | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 30.4% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 11.6% | — | 33.7% | 91.3% | — | — | — | 12.3% | — |
| FCF Yield | 5.9% | 9.9% | 28.8% | 10.2% | 25.5% | 22.5% | 23.5% | 34.5% | — | — | 2.2% |
| Buyback Yield | 0.7% | 1.2% | 10.8% | 9.5% | 6.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.3% | 4.0% | 14.2% | 11.1% | 6.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $769M | $800M | $705M | $564M | $572M | $561M | $557M | $352M | $237M | $212M |
Peer Comparison
Compare BTE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BTEYou | $3B | -7.2 | 4.6 | 17.0 | 21.5% | 15.3% | -18.4% | 4.2% | 0.2 |
 CVE | $47B | 16.6 | 8.3 | 19.7 | 10.5% | 8.8% | 12.8% | 7.9% | 1.7 |
 MEG | $566M | -111.7 | 14.4 | 6.2 | 34.1% | 1.5% | -0.2% | 1.3% | 5.7 |
 CIVI | $2B | 3.2 | 1.9 | 2.6 | 41.2% | 29.0% | 13.1% | 10.8% | 1.3 |
 VTLE | $693M | -3.8 | 4.5 | — | 31.4% | -1.2% | -6.3% | -0.3% | 3.6 |
 SM | $3B | 4.8 | 2.5 | 5.4 | 31.9% | 26.1% | 14.3% | 8.9% | 1.1 |
 SU | $66B | 16.2 | 4.7 | 13.5 | 59.1% | 31.7% | 13.2% | 20.1% | 0.8 |
 CNQ | $86B | 11.3 | 8.9 | 14.4 | 21.3% | 18.6% | 25.8% | 10.0% | 1.2 |
 OVV | $15B | 11.0 | 5.4 | 9.8 | 28.6% | 21.6% | 11.5% | 8.0% | 1.8 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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BTE — Frequently Asked Questions
Quick answers to the most common questions about buying BTE stock.
What is Baytex Energy Corp.'s P/E ratio?
Baytex Energy Corp.'s current P/E ratio is -7.2x. The historical average is 16.1x.
What is Baytex Energy Corp.'s EV/EBITDA?
Baytex Energy Corp.'s current EV/EBITDA is 4.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.9x.
What is Baytex Energy Corp.'s ROE?
Baytex Energy Corp.'s return on equity (ROE) is -18.4%. The historical average is 3.6%.
Is BTE stock overvalued?
Based on historical data, Baytex Energy Corp. is trading at a P/E of -7.2x. Compare with industry peers and growth rates for a complete picture.
What is Baytex Energy Corp.'s dividend yield?
Baytex Energy Corp.'s current dividend yield is 1.59%.
What are Baytex Energy Corp.'s profit margins?
Baytex Energy Corp. has 21.5% gross margin and 15.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Baytex Energy Corp. have?
Baytex Energy Corp.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.