19 years of historical data (2006–2024) · 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
Ecopetrol S.A. trades at 6.6x earnings, 162714% above its 5-year average of 0.0x, 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 60%. On a free-cash-flow basis, the stock trades at 2.8x P/FCF, 70616% above the 5-year average of 0.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.4B | $16.3B | $24.5B | $21.5B | $26.5B | $26.5B | $41.0B | $32.6B | $30.1B | $18.6B | $14.4B |
| Enterprise Value | $52.6B | $105.93T | $93.50T | $99.76T | $80.54T | $41.68T | $31.20T | $31.78T | $35.63T | $43.83T | $46.69T |
| P/E Ratio → | 6.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | — |
| P/S Ratio | 0.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 0.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 2.83 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| P/OCF | 2.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ecopetrol S.A.'s enterprise value stands at 3.7x EBITDA, 92% above its 5-year average of 1.9x. The Energy sector median is 7.3x, placing the stock at a 49% discount 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 | — | 0.79 | 0.65 | 0.62 | 0.88 | 0.83 | 0.44 | 0.46 | 0.64 | 0.90 | 0.89 |
| EV / EBITDA | 3.69 | 1.97 | 1.68 | 1.38 | 2.02 | 2.52 | 1.05 | 1.05 | 1.46 | 2.65 | 5.24 |
| EV / EBIT | 5.15 | 2.61 | 2.03 | 1.62 | 2.63 | 5.19 | 1.39 | 1.34 | 2.11 | 3.94 | — |
| EV / FCF | — | 3.25 | 16.20 | 3.74 | 5.51 | 19.82 | 1.40 | 2.41 | 3.85 | 5.00 | — |
Margins and return-on-capital ratios measuring operating efficiency
Ecopetrol S.A. earns an operating margin of 28.8%, above the Energy sector average of 13.9%. Operating margins have compressed from 37.7% to 28.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.0% is modest. ROIC of 14.0% 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 | 35.1% | 35.1% | 38.4% | 44.0% | 39.5% | 25.2% | 37.1% | 40.0% | 34.0% | 29.4% | 29.3% |
| Operating Margin | 28.8% | 28.8% | 29.2% | 37.7% | 32.3% | 14.3% | 29.4% | 32.7% | 28.9% | 18.4% | 4.1% |
| Net Profit Margin | 10.4% | 10.4% | 14.7% | 19.8% | 17.0% | 3.2% | 19.2% | 16.6% | 12.8% | 5.0% | -13.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.0% | 13.0% | 19.0% | 30.1% | 21.7% | 2.8% | 23.4% | 21.2% | 15.6% | 5.6% | -15.7% |
| ROA | 4.7% | 4.7% | 7.2% | 11.5% | 8.2% | 1.2% | 10.6% | 9.3% | 6.1% | 2.0% | -6.1% |
| ROIC | 14.0% | 14.0% | 15.1% | 23.2% | 16.7% | 5.8% | 17.5% | 19.3% | 14.2% | 7.5% | 1.9% |
| ROCE | 15.4% | 15.4% | 17.1% | 26.1% | 17.9% | 6.2% | 19.1% | 21.4% | 15.9% | 8.5% | 2.1% |
Solvency and debt-coverage ratios — lower is generally safer
Ecopetrol S.A. carries a Debt/EBITDA ratio of 2.2x, which is manageable (10% below the sector average of 2.5x). Net debt stands at $105.9T ($120.0T total debt minus $14.1T cash). Interest coverage of 4.5x 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 | 1.09 | 1.09 | 1.03 | 0.97 | 1.05 | 0.87 | 0.66 | 0.64 | 0.90 | 1.20 | 1.23 |
| Debt / EBITDA | 2.24 | 2.24 | 1.90 | 1.59 | 2.39 | 2.83 | 1.29 | 1.26 | 1.78 | 3.16 | 5.98 |
| Net Debt / Equity | — | 0.96 | 0.91 | 0.84 | 0.89 | 0.78 | 0.54 | 0.54 | 0.74 | 1.01 | 1.08 |
| Net Debt / EBITDA | 1.97 | 1.97 | 1.68 | 1.38 | 2.02 | 2.52 | 1.05 | 1.05 | 1.46 | 2.65 | 5.24 |
| Debt / FCF | — | 3.25 | 16.20 | 3.74 | 5.51 | 19.81 | 1.40 | 2.41 | 3.85 | 4.99 | — |
| Interest Coverage | 4.53 | 4.53 | 5.51 | 9.14 | 8.13 | 3.00 | 11.01 | 8.26 | 6.59 | 3.19 | 0.76 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.53x means Ecopetrol S.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.36x to 1.53x 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 | 1.53 | 1.53 | 1.58 | 1.36 | 1.71 | 1.25 | 1.07 | 1.52 | 1.38 | 1.47 | 1.15 |
| Quick Ratio | 1.28 | 1.28 | 1.34 | 1.15 | 1.43 | 0.97 | 0.81 | 1.23 | 1.11 | 1.24 | 0.98 |
| Cash Ratio | 0.38 | 0.38 | 0.33 | 0.29 | 0.53 | 0.40 | 0.40 | 0.65 | 0.65 | 0.84 | 0.45 |
| Asset Turnover | — | 0.44 | 0.51 | 0.52 | 0.38 | 0.36 | 0.53 | 0.54 | 0.47 | 0.41 | 0.42 |
| Inventory Turnover | 8.62 | 8.62 | 8.64 | 7.53 | 6.62 | 7.43 | 7.95 | 8.07 | 8.02 | 8.92 | 12.10 |
| Days Sales Outstanding | — | 52.73 | 81.25 | 86.92 | 69.03 | 31.97 | 26.07 | 42.16 | 38.43 | 29.42 | 21.71 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ecopetrol S.A. returns 18.3% to shareholders annually — split between a 18.3% dividend yield and 0.0% buyback yield. The payout ratio exceeds 100% at 121.5%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 15.0% (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 | 18.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 121.5% | 121.5% | 24.5% | 46.2% | 19.1% | 510.9% | 99.5% | 43.0% | 21.2% | 68.8% | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 15.0% | 85000.0% | 77786.5% | 155195.8% | 63000.7% | 6360.0% | 35406.8% | 36175.3% | 22010.3% | 8411.6% | — |
| FCF Yield | 35.4% | 199877.3% | 23548.0% | 124010.6% | 55179.3% | 7920.8% | 54301.8% | 40343.7% | 30742.5% | 47155.6% | — |
| Buyback Yield | 0.0% | 100.0% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 18.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B |
Compare EC 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 |
|---|---|---|---|---|---|---|---|---|---|
| ECYou | $24B | 6.6 | 3.7 | 2.8 | 35.1% | 28.8% | 13.0% | 14.0% | 2.2 |
| XOM | $638B | 22.8 | 11.2 | 27.0 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
| CVX | $370B | 19.2 | 8.3 | 24.6 | 29.4% | 15.0% | 11.2% | 12.6% | 0.5 |
| PBR | $62B | 7.1 | 3.1 | 2.7 | 50.3% | 28.1% | 10.9% | 15.7% | 1.6 |
| PBR-A | $42B | 14.7 | 2.6 | 1.8 | 50.3% | 28.1% | 10.9% | 15.7% | 1.6 |
| YPF | $14B | 8.0 | 6.5 | 9999.0 | 27.3% | 7.7% | 24.9% | 8.1% | 2.3 |
| 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 · 19 years · Updated daily
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Start ComparisonEcopetrol S.A.'s current P/E ratio is 6.6x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
Ecopetrol S.A.'s current EV/EBITDA is 3.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.5x.
Ecopetrol S.A.'s return on equity (ROE) is 13.0%. The historical average is 17.4%.
Based on historical data, Ecopetrol S.A. is trading at a P/E of 6.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ecopetrol S.A.'s current dividend yield is 18.27% with a payout ratio of 121.5%.
Ecopetrol S.A. has 35.1% gross margin and 28.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Ecopetrol S.A.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.