Baytex Energy Corp. (BTE) P/E Ratio History
Deep ValueTrading at -7.3x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2006–2025
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P/E Ratio Analysis
As of June 23, 2026, Baytex Energy Corp. (BTE) trades at a price-to-earnings ratio of -7.3x, with a stock price of $4.03 and trailing twelve-month earnings per share of $-0.99.
The current P/E is 168% below its 5-year average of 10.8x. Over the past five years, BTE's P/E has ranged from a low of 0.9x to a high of 54.8x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Energy sector median P/E of 15.6x, BTE trades at a 147% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 0.5x to 168.2x.
Relative to the broader market, BTE trades at a notable discount to the S&P 500 median P/E of 24.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BTE DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BTE Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
BTE P/E vs Peers
Canadian oil sands and heavy oil producers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $48B | 16.9 | - | +29% | |
| $2B | 3.2Lowest | 0.15Best | -6% | |
| $3B | 4.9 | - | -15% | |
| $67B | 16.4 | - | +3% | |
| $87B | 11.5 | - | +81%Best | |
| $15B | 11.4 | - | +14% | |
| $72B | 20.4 | - | -24% | |
| $29B | 23.4 | - | -47% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
BTE Historical P/E Data (2006–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | - | $2.34 | $0.28 | 8.3x | -51% |
| FY2025 Q2 | Jun 30 2025 | $1.79 | $0.47 | 3.8x | -77% |
| FY2025 Q1 | Mar 31 2025 | $2.23 | $0.40 | 5.5x | -67% |
| FY2024 Q4 | - | $2.58 | $0.29 | 8.8x | -48% |
| FY2023 Q3 | Sep 30 2023 | $4.41 | $1.24 | 3.5x | -79% |
| FY2023 Q2 | Jun 30 2023 | $3.26 | $1.56 | 2.1x | -88% |
| FY2023 Q1 | Mar 31 2023 | $3.75 | $1.52 | 2.5x | -85% |
| FY2022 Q4 | Dec 31 2022 | $4.51 | $1.53 | 2.9x | -82% |
| FY2022 Q3 | Sep 30 2022 | $4.22 | $1.87 | 2.3x | -87% |
| FY2022 Q2 | - | $4.85 | $1.46 | 3.3x | -80% |
| FY2022 Q1 | - | $4.36 | $2.99 | 1.5x | -91% |
| FY2021 Q4 | Dec 31 2021 | $3.09 | $2.82 | 1.1x | -93% |
| FY2021 Q3 | - | $2.73 | $2.23 | 1.2x | -93% |
| FY2021 Q2 | Jun 30 2021 | $1.94 | $2.14 | 0.9x | -95% |
| FY2021 Q1 | Mar 31 2021 | $1.03 | $0.04 | 29.2x | +73% |
| FY2018 Q1 | Mar 31 2018 | $2.74 | $0.05 | 54.8x | +226% |
| FY2017 Q4 | Dec 31 2017 | $3.00 | $0.37 | 8.2x | -51% |
| FY2014 Q3 | - | $37.86 | $1.76 | 21.5x | +28% |
| FY2014 Q2 | Jun 30 2014 | $46.15 | $1.60 | 28.8x | +72% |
| FY2014 Q1 | Mar 31 2014 | $41.13 | $1.62 | 25.4x | +51% |
| FY2013 Q4 | - | $39.16 | $1.32 | 29.6x | +76% |
| FY2013 Q3 | Sep 30 2013 | $41.27 | $1.33 | 31.0x | +84% |
| FY2013 Q2 | Jun 30 2013 | $36.04 | $0.85 | 42.3x | +152% |
| FY2013 Q1 | Mar 31 2013 | $41.93 | $1.86 | 22.5x | +34% |
| FY2012 Q4 | Dec 31 2012 | $43.24 | $2.14 | 20.2x | +20% |
| FY2012 Q3 | Sep 30 2012 | $47.44 | $2.37 | 20.0x | +19% |
| FY2012 Q2 | Jun 30 2012 | $42.11 | $2.59 | 16.3x | -3% |
| FY2012 Q1 | Mar 31 2012 | $51.86 | $2.19 | 23.7x | +41% |
| FY2011 Q4 | Dec 31 2011 | $55.89 | $1.84 | 30.4x | +81% |
| FY2011 Q3 | Sep 30 2011 | $41.67 | $1.84 | 22.7x | +35% |
| FY2011 Q2 | - | $54.44 | $1.70 | 32.1x | +91% |
| FY2011 Q1 | - | $58.38 | $1.09 | 53.7x | +219% |
| FY2010 Q4 | Dec 31 2010 | $46.82 | $1.54 | 30.4x | +81% |
| FY2010 Q3 | - | $36.33 | $1.31 | 27.7x | +65% |
| FY2010 Q2 | Jun 30 2010 | $29.95 | $1.38 | 21.7x | +29% |
| FY2010 Q1 | Mar 31 2010 | $33.96 | $1.35 | 25.2x | +50% |
| FY2009 Q4 | - | $28.30 | $0.80 | 35.2x | +109% |
| FY2009 Q3 | Sep 30 2009 | $22.04 | $1.08 | 20.3x | +21% |
| FY2009 Q2 | - | $16.83 | $2.08 | 8.1x | -52% |
| FY2009 Q1 | - | $12.07 | $2.18 | 5.5x | -67% |
| FY2008 Q4 | Dec 31 2008 | $11.95 | $2.67 | 4.5x | -73% |
| FY2008 Q3 | - | $24.71 | $2.60 | 9.5x | -43% |
| FY2008 Q2 | Jun 30 2008 | $34.28 | $1.64 | 20.9x | +24% |
| FY2008 Q1 | Mar 31 2008 | $22.16 | $1.66 | 13.3x | -21% |
| FY2007 Q4 | Dec 31 2007 | $19.11 | $1.55 | 12.3x | -27% |
| FY2007 Q3 | Sep 30 2007 | $20.33 | $1.33 | 15.3x | -9% |
| FY2007 Q2 | Jun 30 2007 | $19.99 | $1.44 | 13.9x | -17% |
| FY2007 Q1 | Mar 31 2007 | $17.68 | $1.77 | 10.0x | -41% |
| FY2006 Q4 | Dec 31 2006 | $18.96 | $1.85 | 10.2x | -39% |
| FY2006 Q3 | Sep 30 2006 | $20.91 | $2.14 | 9.8x | -42% |
| FY2006 Q2 | Jun 30 2006 | $21.70 | $2.12 | 10.2x | -39% |
| FY2006 Q1 | Mar 31 2006 | $17.37 | $1.67 | 10.4x | -38% |
Average P/E for displayed period: 16.8x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
20+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BTE — Frequently Asked Questions
Quick answers to the most common questions about buying BTE stock.
What is BTE's P/E ratio?
Baytex Energy Corp. (BTE) trailing twelve-month P/E ratio is -7.3x, based on TTM diluted EPS of $-0.99. The 5-year average P/E is 10.8x and the historical range spans 0.9x to 54.8x.
Is BTE stock overvalued or undervalued?
BTE trades at -7.3x P/E, below its 5-year average of 10.8x. At the 0th percentile of its historical range (0.9x–54.8x), the stock is priced at a discount to its own history.
Is BTE stock expensive?
No, BTE is not expensive on a historical basis. The current P/E of -7.3x is below the 5-year average of 10.8x and sits at the 0th percentile of its valuation range.
What is BTE's historical P/E range?
Over the past 5 years, BTE's P/E ratio has ranged from 0.9x to 54.8x, with a median of 3.8x and an average of 10.8x. The current P/E of -7.3x places the stock at the 0th percentile of this range. Full historical data spans 2006–2025.
How does BTE's P/E compare to the S&P 500?
BTE trades at -7.3x P/E versus the S&P 500 median of 24.3x. The 130% discount to the market suggests lower growth expectations or perceived higher risk.
How does BTE's valuation compare to Energy peers?
Baytex Energy Corp. P/E of -7.3x compares to the Energy sector median of 15.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is BTE's PEG ratio?
BTE PEG ratio is N/A, based on a P/E of -7.3x and EPS growth of -360.0%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is BTE's earnings yield?
BTE earnings yield is N/A, the inverse of its -7.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.