13 years of historical data (2012–2024) · Energy · Oil & Gas Exploration & Production
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
California Resources Corporation trades at 12.7x earnings, 102% above its 5-year average of 6.3x, 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 discount of 24%. On a free-cash-flow basis, the stock trades at 9999.0x P/FCF, 68893% above the 5-year average of 14.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.36T | $4.2B | $4.0B | $3.4B | $3.5B | $2.0B | $444M | $808M | $826M | $860M | $892M |
| Enterprise Value | $5.36T | $5.1B | $4.1B | $3.7B | $3.9B | $2.6B | $5.5B | $6.0B | $6.1B | $6.1B | $7.0B |
| P/E Ratio → | 12.74 | 11.23 | 7.03 | 6.45 | 5.80 | 1.04 | — | 2.52 | — | 3.15 | — |
| P/S Ratio | 1812.76 | 1.43 | 1.41 | 1.04 | 1.38 | 1.22 | 0.16 | 0.26 | 0.39 | 0.49 | 0.38 |
| P/B Ratio | 1.35 | 1.19 | 1.79 | 1.81 | 2.10 | 1.66 | 0.88 | 1.59 | — | — | — |
| P/FCF | 9999.00 | 12.07 | 8.62 | 10.86 | 7.61 | 33.31 | 2.01 | — | — | 15.64 | 446.19 |
| P/OCF | 8860.07 | 6.98 | 6.15 | 4.89 | 5.37 | 18.54 | 0.66 | 1.75 | 3.33 | 6.62 | 2.21 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
California Resources Corporation's enterprise value stands at 4761.3x EBITDA, 115144% above its 5-year average of 4.1x. The Energy sector median is 7.3x, placing the stock at a 65503% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.72 | 1.45 | 1.15 | 1.51 | 1.60 | 2.03 | 1.97 | 2.92 | 3.49 | 2.99 |
| EV / EBITDA | 4761.27 | 4.51 | 3.50 | 2.34 | 3.33 | 6.98 | 4.01 | 3.59 | 9.49 | 11.16 | 8.37 |
| EV / EBIT | 8235.32 | 8.42 | 5.07 | 4.58 | 13.70 | 1.23 | 11.33 | 7.48 | 75.46 | 11.83 | — |
| EV / FCF | — | 14.50 | 8.87 | 12.00 | 8.32 | 43.67 | 24.75 | — | — | 111.20 | 3511.70 |
Margins and return-on-capital ratios measuring operating efficiency
California Resources Corporation earns an operating margin of 22.0%, above the Energy sector average of 13.9%. Operating margins have compressed from 41.6% to 22.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.1% is modest. ROIC of 14.5% represents solid 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.6% | 40.6% | 47.1% | 53.3% | 48.6% | 25.0% | 46.9% | 51.8% | 30.0% | 21.2% | 15.3% |
| Operating Margin | 22.0% | 22.0% | 31.8% | 41.6% | 35.2% | 0.4% | 31.6% | 37.2% | 3.5% | -0.8% | -7.4% |
| Net Profit Margin | 12.7% | 12.7% | 20.0% | 16.1% | 23.9% | 117.0% | -1.0% | 10.7% | -12.7% | 15.9% | -151.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.1% | 13.1% | 27.6% | 29.5% | 42.6% | 223.0% | -5.5% | 64.4% | — | — | -419.4% |
| ROA | 6.8% | 6.8% | 14.2% | 13.4% | 17.7% | 37.5% | -0.4% | 4.9% | -4.2% | 4.2% | -36.4% |
| ROIC | 14.5% | 14.5% | 29.5% | 47.9% | 35.5% | 0.1% | 11.3% | 16.6% | 1.2% | -0.2% | -1.8% |
| ROCE | 13.7% | 13.7% | 27.7% | 44.6% | 32.3% | 0.2% | 13.3% | 19.0% | 1.3% | -0.2% | -1.9% |
Solvency and debt-coverage ratios — lower is generally safer
California Resources Corporation carries a Debt/EBITDA ratio of 1.1x, which is manageable (56% below the sector average of 2.5x). Net debt stands at $851M ($1.2B total debt minus $372M cash). Interest coverage of 7.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.27 | 0.36 | 0.38 | 0.54 | 9.97 | 10.32 | — | — | — |
| Debt / EBITDA | 1.09 | 1.09 | 0.52 | 0.42 | 0.55 | 1.73 | 3.69 | 3.12 | 8.24 | 9.61 | 7.32 |
| Net Debt / Equity | — | 0.24 | 0.05 | 0.19 | 0.20 | 0.52 | 9.93 | 10.28 | — | — | — |
| Net Debt / EBITDA | 0.76 | 0.76 | 0.10 | 0.22 | 0.28 | 1.66 | 3.68 | 3.11 | 8.21 | 9.59 | 7.31 |
| Debt / FCF | — | 2.43 | 0.25 | 1.14 | 0.71 | 10.36 | 22.74 | — | — | 95.56 | 3065.50 |
| Interest Coverage | 7.48 | 7.48 | 15.96 | 25.55 | 16.70 | 0.03 | 2.22 | 3.01 | 0.21 | -0.04 | -0.53 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means California Resources Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.97x to 1.04x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 1.51 | 0.97 | 0.88 | 0.70 | 0.69 | 1.05 | 0.66 | 0.59 | 0.72 |
| Quick Ratio | 0.95 | 0.95 | 1.39 | 0.90 | 0.81 | 0.57 | 0.60 | 0.94 | 0.58 | 0.51 | 0.63 |
| Cash Ratio | 0.38 | 0.38 | 0.81 | 0.34 | 0.36 | 0.06 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| Asset Turnover | — | 0.41 | 0.70 | 0.82 | 0.67 | 0.52 | 0.39 | 0.43 | 0.34 | 0.28 | 0.33 |
| Inventory Turnover | 19.50 | 19.50 | 20.65 | 25.33 | 21.97 | 19.77 | 21.36 | 21.38 | 26.20 | 23.83 | 34.33 |
| Days Sales Outstanding | — | 57.64 | 36.07 | 45.71 | 41.55 | 49.68 | 47.03 | 43.73 | 61.47 | 57.47 | 37.26 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
California Resources Corporation returns 2.4% to shareholders annually — split between a 2.4% dividend yield and 0.0% buyback yield. The payout ratio of 30.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.9% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 2.7% | 2.0% | 1.7% | 0.4% | — | — | — | — | — | 1.3% |
| Payout Ratio | 30.1% | 30.1% | 14.4% | 11.3% | 2.3% | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.9% | 8.9% | 14.2% | 15.5% | 17.3% | 95.8% | — | 39.7% | — | 31.8% | — |
| FCF Yield | 0.0% | 8.3% | 11.6% | 9.2% | 13.1% | 3.0% | 49.7% | — | — | 6.4% | 0.2% |
| Buyback Yield | 0.0% | 4.5% | 3.6% | 9.3% | 4.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.4% | 7.2% | 5.7% | 11.0% | 4.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% |
| Shares Outstanding | — | $81M | $73M | $78M | $83M | $83M | $49M | $47M | $43M | $40M | $38M |
Compare CRC 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 |
|---|---|---|---|---|---|---|---|---|---|
| CRCYou | $5.4T | 12.7 | 4761.3 | 9999.0 | 40.6% | 22.0% | 13.1% | 14.5% | 1.1 |
| CRGY | $4B | 21.6 | 6.7 | 2.3 | 88.6% | 6.4% | 2.8% | 1.9% | 4.0 |
| MNR | $2B | 6.9 | 5.1 | 7.7 | 34.2% | 30.0% | 15.5% | 11.7% | 1.4 |
| TXO | $686M | 19.3 | 14.6 | — | 28.3% | -2.4% | 4.3% | -0.8% | 2.7 |
| SD | $645M | 10.4 | 8.3 | 13.6 | 36.7% | 26.5% | 13.6% | 8.6% | — |
| PNRG | $327M | 9.1 | 2.3 | — | 37.5% | 29.4% | 30.5% | 28.5% | 0.1 |
| REI | $292M | 4.1 | 2.9 | 7.7 | 44.7% | 36.3% | 8.2% | 8.1% | 1.7 |
| BRY | $253M | 13.0 | 2.1 | 2.3 | 36.4% | 19.5% | 2.6% | 9.8% | 1.3 |
| EPM | $156M | 134.6 | 7.3 | 13.7 | 16.9% | 4.9% | 1.9% | 2.8% | 1.4 |
| EP | $113M | -6.1 | — | — | 7.9% | -31.0% | -33.2% | -19.3% | — |
| MXC | $23M | 13.8 | 4.8 | 26.9 | 44.9% | 26.5% | 9.4% | 9.1% | 0.0 |
| 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 · 13 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how CRC stacks up against sector leader Crescent Energy Company.
Start ComparisonCalifornia Resources Corporation's current P/E ratio is 12.7x. The historical average is 5.3x. This places it at the 100th percentile of its historical range.
California Resources Corporation's current EV/EBITDA is 4761.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.5x.
California Resources Corporation's return on equity (ROE) is 13.1%. The historical average is -2.9%.
Based on historical data, California Resources Corporation is trading at a P/E of 12.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
California Resources Corporation's current dividend yield is 2.36% with a payout ratio of 30.1%.
California Resources Corporation has 40.6% gross margin and 22.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
California Resources Corporation's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.