Baytex Energy Corp. (BTE) P/E Ratio History
Historical price-to-earnings valuation from 2006 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 1, 2026, Baytex Energy Corp. (BTE) trades at a price-to-earnings ratio of 17.5x, with a stock price of $3.84 and trailing twelve-month earnings per share of $0.28.
The current P/E is 62% above 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 75th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, BTE is roughly in line with its sector peers. The sector includes 180 companies with P/E ratios ranging from 1.9x to 146.4x.
Relative to the broader market, BTE trades at a notable discount to the S&P 500 median P/E of 26.2x. 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.
Peer Comparison
P/E metrics vs. Canadian oil sands and heavy oil producers peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
CNQCanadian Natural Resources Limited | $91B | 21.0 | 4.51Best | -24% |
BTEBaytex Energy Corp. | $3B | 17.5 | - | +191%Best |
GFRGreenfire Resources Ltd. | $745M | 4.8Lowest | - | +168% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $2.34 | $0.28 | 8.3x | -51% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $1.79 | $0.47 | 3.8x | -77% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $2.23 | $0.40 | 5.5x | -67% |
| FY2024 Q4 | $2.58 | $0.29 | 8.8x | -48% | |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $4.41 | $1.24 | 3.5x | -79% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $3.26 | $1.56 | 2.1x | -88% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $3.75 | $1.52 | 2.5x | -85% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $4.51 | $1.53 | 2.9x | -82% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $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 | Fri Dec 31 2021 00:00:00 GM | $3.09 | $2.82 | 1.1x | -93% |
Average P/E for displayed period: 16.8x
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See how BTE stacks up against sector leader California Resources Corporation.
Start ComparisonFrequently Asked Questions
Is BTE stock overvalued or undervalued?
BTE trades at 17.5x P/E, above its 5-year average of 10.8x. The 75th percentile ranking indicates a premium to historical valuation.
How does BTE's valuation compare to peers?
Baytex Energy Corp. P/E of 17.5x compares to sector median of 16.8x. The premium reflects expected growth above peers.
What is BTE's PEG ratio?
BTE PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2006-2025.