Diamondback Energy, Inc. (FANG) P/E Ratio History
Premium ValuationTrading at 32.4x vs 5Y avg 24.0x · 85th percentile · Premium to historical baseline · Data 2012–2026
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P/E Ratio Analysis
As of September 24, 2026, Diamondback Energy, Inc. (FANG) trades at a price-to-earnings ratio of 32.4x, with a stock price of $185.65 and trailing twelve-month earnings per share of $5.64.
The current P/E is 35% above its 5-year average of 24.0x. Over the past five years, FANG's P/E has ranged from a low of 4.9x to a high of 232.7x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Energy sector median P/E of 16.3x, FANG trades at a 99% premium to its sector peers. The sector includes 174 companies with P/E ratios ranging from 0.4x to 191.9x.
Relative to the broader market, FANG commands a significant premium over the S&P 500 median P/E of 25.3x. 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 FANG 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.
FANG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FANG P/E vs Peers
U.S. shale oil focused producers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $6B | 8.6 | - | -15% | |
| $25B | 14.5 | 0.41Best | +49% | |
| $8B | 6.1Lowest | - | -15% | |
| $4B | 10.8 | - | +1314%Best | |
| $76B | 15.6 | - | -19% | |
| $34B | 11.4 | - | -8% | |
| $17B | 12.5 | - | +14% | |
| $156B | 20.2 | - | -19% | |
| $15B | 11.0 | - | +75% | |
| $28B | 22.0 | - | -47% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FANG Historical P/E Data (2012–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $175.78 | $5.12 | 34.3x | +21% |
| FY2026 Q1 | - | $197.79 | $0.85 | 232.7x | +719% |
| FY2025 Q4 | Dec 31 2025 | $150.33 | $5.60 | 26.8x | -6% |
| FY2025 Q3 | - | $143.10 | $14.38 | 10.0x | -65% |
| FY2025 Q2 | Jun 30 2025 | $137.40 | $14.07 | 9.8x | -66% |
| FY2025 Q1 | Mar 31 2025 | $159.88 | $16.35 | 9.8x | -66% |
| FY2024 Q4 | - | $163.83 | $15.80 | 10.4x | -64% |
| FY2024 Q3 | Sep 30 2024 | $172.40 | $17.47 | 9.9x | -65% |
| FY2024 Q2 | Jun 30 2024 | $200.19 | $19.35 | 10.3x | -64% |
| FY2024 Q1 | Mar 31 2024 | $198.17 | $17.74 | 11.2x | -61% |
| FY2023 Q4 | Dec 31 2023 | $155.08 | $17.35 | 8.9x | -69% |
| FY2023 Q3 | Sep 30 2023 | $154.88 | $17.63 | 8.8x | -69% |
| FY2023 Q2 | Jun 30 2023 | $131.36 | $19.28 | 6.8x | -76% |
| FY2023 Q1 | Mar 31 2023 | $135.17 | $24.15 | 5.6x | -80% |
| FY2022 Q4 | Dec 31 2022 | $136.78 | $24.62 | 5.6x | -80% |
| FY2022 Q3 | Sep 30 2022 | $120.46 | $24.54 | 4.9x | -83% |
| FY2022 Q2 | - | $121.15 | $21.37 | 5.7x | -80% |
| FY2022 Q1 | - | $137.08 | $15.15 | 9.0x | -68% |
| FY2021 Q4 | Dec 31 2021 | $107.85 | $12.12 | 8.9x | -69% |
| FY2021 Q3 | - | $94.67 | $1.90 | 49.8x | +75% |
| FY2019 Q4 | - | $92.86 | $1.39 | 66.8x | +135% |
| FY2019 Q3 | Sep 30 2019 | $89.91 | $6.93 | 13.0x | -54% |
| FY2019 Q2 | Jun 30 2019 | $108.97 | $6.26 | 17.4x | -39% |
| FY2019 Q1 | Mar 31 2019 | $101.53 | $6.37 | 15.9x | -44% |
| FY2018 Q4 | Dec 31 2018 | $92.70 | $7.96 | 11.6x | -59% |
| FY2018 Q3 | Sep 30 2018 | $135.19 | $6.62 | 20.4x | -28% |
| FY2018 Q2 | Jun 30 2018 | $131.57 | $5.77 | 22.8x | -20% |
| FY2018 Q1 | Mar 31 2018 | $126.52 | $5.16 | 24.5x | -14% |
| FY2017 Q4 | Dec 31 2017 | $126.25 | $4.97 | 25.4x | -11% |
| FY2017 Q3 | Sep 30 2017 | $97.96 | $4.13 | 23.7x | -17% |
| FY2017 Q2 | Jun 30 2017 | $88.81 | $3.36 | 26.4x | -7% |
| FY2015 Q1 | - | $76.84 | $3.16 | 24.3x | -14% |
| FY2014 Q4 | Dec 31 2014 | $59.78 | $3.54 | 16.9x | -41% |
| FY2014 Q3 | - | $74.78 | $2.23 | 33.5x | +18% |
| FY2014 Q2 | Jun 30 2014 | $88.80 | $1.77 | 50.2x | +77% |
| FY2014 Q1 | Mar 31 2014 | $67.31 | $1.59 | 42.3x | +49% |
| FY2013 Q4 | - | $52.88 | $1.26 | 42.0x | +48% |
| FY2013 Q3 | Sep 30 2013 | $42.64 | $0.74 | 57.3x | +102% |
| FY2013 Q2 | Jun 30 2013 | $33.32 | $0.43 | 78.0x | +175% |
| FY2013 Q1 | Mar 31 2013 | $26.84 | $0.67 | 40.2x | +42% |
| FY2012 Q4 | Dec 31 2012 | $19.12 | $0.58 | 32.8x | +16% |
Average P/E for displayed period: 28.4x
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Historical Returns
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Peer Comparison
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FANG — Frequently Asked Questions
Quick answers to the most common questions about buying FANG stock.
What is FANG's P/E ratio?
Diamondback Energy, Inc. (FANG) trailing twelve-month P/E ratio is 32.4x, based on TTM diluted EPS of $5.64. The 5-year average P/E is 24.0x and the historical range spans 4.9x to 232.7x.
Is FANG stock overvalued or undervalued?
FANG trades at 32.4x P/E, above its 5-year average of 24.0x. The 85th percentile ranking within the 4.9x–232.7x historical range indicates a premium to historical valuation.
Is FANG stock expensive?
Yes, FANG is expensive relative to its own history. The current P/E of 32.4x is above the 5-year average of 24.0x and also above the Energy sector median of 16.3x. The stock sits at the 85th percentile of its 5-year valuation range.
What is FANG's historical P/E range?
Over the past 5 years, FANG's P/E ratio has ranged from 4.9x to 232.7x, with a median of 9.8x and an average of 24.0x. The current P/E of 32.4x places the stock at the 85th percentile of this range. Full historical data spans 2012–2026.
How does FANG's P/E compare to the S&P 500?
FANG trades at 32.4x P/E versus the S&P 500 median of 25.3x. The 28% premium to the market typically reflects higher expected earnings growth or quality.
How does FANG's valuation compare to Energy peers?
Diamondback Energy, Inc. P/E of 32.4x compares to the Energy sector median of 16.3x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FANG's PEG ratio?
FANG PEG ratio is N/A, based on a P/E of 32.4x and EPS growth of -63.1%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is FANG's earnings yield?
FANG earnings yield is 3.09%, the inverse of its 32.4x 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.