Diamondback Energy, Inc. (FANG) P/E Ratio History
Historical price-to-earnings valuation from 2012 to 2026
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FANG Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Diamondback Energy, Inc. (FANG) trades at a price-to-earnings ratio of 34.0x, with a stock price of $195.10 and trailing twelve-month earnings per share of $1.43.
The current P/E is 33% above its 5-year average of 25.6x. 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 16.8x, FANG trades at a 102% premium to its sector peers. The sector includes 173 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, FANG commands a significant premium over the S&P 500 median P/E of 25.2x. 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 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $7B | 9.5 | - | -15% | |
| $25B | 14.5 | 0.41Best | +49% | |
| $3B | 5.1Lowest | - | -15% | |
| $3B | 8.7 | - | +1314%Best | |
| $72B | 14.8 | - | -19% | |
| $29B | 11.1 | - | -8% | |
| $15B | 12.5 | - | +14% | |
| $145B | 18.7 | - | -19% | |
| $14B | 9.6 | - | +75% | |
| $34B | 26.9 | - | -47% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FANG Historical P/E Data (2012–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $197.79 | $0.85 | 232.7x | +723% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $150.33 | $5.60 | 26.8x | -5% |
| FY2025 Q3 | $143.10 | $14.38 | 10.0x | -65% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $137.40 | $14.07 | 9.8x | -65% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $159.88 | $16.35 | 9.8x | -65% |
| FY2024 Q4 | $163.83 | $15.80 | 10.4x | -63% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $172.40 | $17.47 | 9.9x | -65% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $200.19 | $19.35 | 10.3x | -63% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $198.17 | $17.74 | 11.2x | -60% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $155.08 | $17.35 | 8.9x | -68% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $154.88 | $17.63 | 8.8x | -69% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $131.36 | $19.28 | 6.8x | -76% |
Average P/E for displayed period: 28.3x
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Start ComparisonFANG — Frequently Asked Questions
Quick answers to the most common questions about buying FANG stock.
Is FANG stock overvalued or undervalued?
FANG trades at 34.0x P/E, above its 5-year average of 25.6x. The 85th percentile ranking indicates a premium to historical valuation.
How does FANG's valuation compare to peers?
Diamondback Energy, Inc. P/E of 34.0x compares to sector median of 16.8x. The premium reflects expected growth above peers.
What is FANG's PEG ratio?
FANG PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2012-2026.