30 years of historical data (1995–2024) · 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
Imperial Oil Limited trades at 17.8x earnings, 153% above its 5-year average of 7.0x, sitting at the 90th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 6%. On a free-cash-flow basis, the stock trades at 19.4x P/FCF, 127% above the 5-year average of 8.6x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $58.3B | $32.7B | $32.9B | $31.2B | $25.7B | $14.0B | $20.2B | $20.5B | $26.4B | $29.5B | $27.7B |
| Enterprise Value | $60.6B | $35.9B | $36.4B | $31.9B | $28.9B | $18.5B | $23.9B | $24.7B | $30.4B | $34.3B | $36.0B |
| P/E Ratio → | 17.80 | 6.83 | 6.74 | 4.29 | 10.28 | — | 8.97 | 8.88 | 53.00 | 13.53 | 24.64 |
| P/S Ratio | 1.64 | 0.67 | 0.68 | 0.55 | 0.72 | 0.68 | 0.61 | 0.62 | 0.95 | 1.25 | 1.10 |
| P/B Ratio | 3.63 | 1.39 | 1.48 | 1.39 | 1.18 | 0.65 | 0.83 | 0.84 | 1.08 | 1.18 | 1.18 |
| P/FCF | 19.39 | 7.94 | 16.90 | 3.48 | 5.88 | — | 7.25 | 8.44 | 14.90 | 31.28 | — |
| P/OCF | 13.34 | 5.46 | 8.82 | 2.98 | 4.69 | 17.53 | 4.57 | 5.23 | 9.55 | 14.62 | 12.76 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Imperial Oil Limited's enterprise value stands at 10.1x EBITDA, 46% above its 5-year average of 6.9x. The Energy sector median is 7.3x, placing the stock at a 39% 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 | — | 0.73 | 0.75 | 0.56 | 0.80 | 0.90 | 0.72 | 0.75 | 1.09 | 1.46 | 1.43 |
| EV / EBITDA | 10.06 | 4.35 | 4.39 | 2.85 | 5.33 | 17.61 | 6.02 | 5.18 | 11.84 | 18.60 | 11.00 |
| EV / EBIT | 13.59 | 5.71 | 5.66 | 3.37 | 8.58 | — | 10.86 | 7.80 | 45.42 | 13.55 | 18.38 |
| EV / FCF | — | 8.72 | 18.69 | 3.56 | 6.61 | — | 8.54 | 10.17 | 17.18 | 36.45 | — |
Margins and return-on-capital ratios measuring operating efficiency
Imperial Oil Limited earns an operating margin of 12.5%, roughly in line with the Energy sector average. Operating margins have compressed from 16.3% to 12.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 21.0% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 17.5% 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 | 14.4% | 14.4% | 14.7% | 17.8% | 11.5% | -7.6% | 9.6% | 12.3% | 4.6% | 5.7% | 11.7% |
| Operating Margin | 12.5% | 12.5% | 12.9% | 16.3% | 9.3% | -11.2% | 6.8% | 9.6% | 1.3% | 0.9% | 7.3% |
| Net Profit Margin | 9.8% | 9.8% | 10.1% | 12.8% | 7.0% | -9.0% | 6.8% | 6.9% | 1.8% | 9.3% | 4.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.0% | 21.0% | 21.9% | 33.0% | 11.6% | -8.1% | 9.3% | 9.4% | 2.0% | 9.0% | 4.9% |
| ROA | 11.4% | 11.4% | 11.5% | 17.3% | 6.3% | -4.6% | 5.4% | 5.6% | 1.2% | 5.1% | 2.7% |
| ROIC | 17.5% | 17.5% | 19.2% | 28.8% | 9.8% | -6.4% | 5.9% | 8.4% | 0.9% | 0.5% | 4.5% |
| ROCE | 17.3% | 17.3% | 18.1% | 26.4% | 9.5% | -6.4% | 6.0% | 8.5% | 1.0% | 0.5% | 5.0% |
Solvency and debt-coverage ratios — lower is generally safer
Imperial Oil Limited carries a Debt/EBITDA ratio of 0.5x, which is very conservative (80% below the sector average of 2.5x). Net debt stands at $3.2B ($4.2B total debt minus $979M cash). Interest coverage of 149.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.20 | 0.20 | 0.24 | 0.25 | 0.22 | 0.21 | 0.21 | 0.21 | 0.36 |
| Debt / EBITDA | 0.50 | 0.50 | 0.52 | 0.40 | 0.98 | 5.03 | 1.34 | 1.09 | 2.04 | 2.85 | 2.60 |
| Net Debt / Equity | — | 0.14 | 0.16 | 0.03 | 0.15 | 0.21 | 0.15 | 0.17 | 0.17 | 0.19 | 0.35 |
| Net Debt / EBITDA | 0.38 | 0.38 | 0.42 | 0.06 | 0.59 | 4.29 | 0.91 | 0.88 | 1.57 | 2.64 | 2.54 |
| Debt / FCF | — | 0.77 | 1.79 | 0.08 | 0.73 | — | 1.29 | 1.74 | 2.28 | 5.17 | — |
| Interest Coverage | 149.02 | 149.02 | 90.62 | 155.07 | 61.06 | -36.05 | 23.47 | 29.62 | 4.63 | 2.83 | 46.92 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.33x means Imperial Oil Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.96x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.21x to 1.33x 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 | 1.33 | 1.33 | 1.26 | 1.21 | 1.41 | 1.34 | 1.38 | 1.35 | 1.31 | 0.99 | 0.68 |
| Quick Ratio | 0.96 | 0.96 | 0.81 | 0.95 | 1.08 | 0.80 | 0.96 | 0.89 | 0.94 | 0.62 | 0.38 |
| Cash Ratio | 0.14 | 0.14 | 0.13 | 0.42 | 0.39 | 0.23 | 0.37 | 0.25 | 0.29 | 0.10 | 0.04 |
| Asset Turnover | — | 1.14 | 1.17 | 1.30 | 0.88 | 0.54 | 0.78 | 0.80 | 0.67 | 0.57 | 0.58 |
| Inventory Turnover | 15.95 | 15.95 | 13.95 | 20.56 | 17.72 | 12.09 | 15.64 | 15.83 | 17.72 | 15.69 | 13.74 |
| Days Sales Outstanding | — | 43.07 | 33.87 | 30.36 | 39.39 | 34.01 | 29.79 | 27.81 | 35.54 | 31.33 | 22.97 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Imperial Oil Limited returns 4.8% to shareholders annually — split between a 1.5% dividend yield and 3.4% buyback yield. The payout ratio of 25.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.6% (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 | 1.5% | 3.8% | 3.3% | 2.7% | 2.7% | 4.6% | 3.1% | 2.8% | 2.0% | 1.7% | 1.6% |
| Payout Ratio | 25.9% | 25.9% | 22.6% | 11.7% | 28.3% | — | 27.9% | 24.8% | 105.4% | 22.6% | 40.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 14.6% | 14.8% | 23.3% | 9.7% | — | 11.1% | 11.3% | 1.9% | 7.4% | 4.1% |
| FCF Yield | 5.2% | 12.6% | 5.9% | 28.7% | 17.0% | — | 13.8% | 11.9% | 6.7% | 3.2% | — |
| Buyback Yield | 3.4% | 8.2% | 11.5% | 20.5% | 8.7% | 2.0% | 6.8% | 9.6% | 2.4% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.8% | 12.0% | 14.9% | 23.2% | 11.5% | 6.6% | 9.9% | 12.4% | 4.4% | 1.7% | 1.6% |
| Shares Outstanding | — | $531M | $576M | $640M | $712M | $735M | $765M | $810M | $846M | $848M | $851M |
Compare IMO with 2 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| IMOYou | $58B | 17.8 | 10.1 | 19.4 | 14.4% | 12.5% | 21.0% | 17.5% | 0.5 |
| SU | $67B | 15.9 | 6.9 | 13.3 | 43.4% | 16.3% | 13.2% | 10.4% | 1.2 |
| CVE | $42B | 14.2 | 7.3 | 16.9 | 10.5% | 8.8% | 12.8% | 7.9% | 1.7 |
| 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 · 30 years · Updated daily
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Start ComparisonImperial Oil Limited's current P/E ratio is 17.8x. The historical average is 13.1x. This places it at the 90th percentile of its historical range.
Imperial Oil Limited's current EV/EBITDA is 10.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.5x.
Imperial Oil Limited's return on equity (ROE) is 21.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.7%.
Based on historical data, Imperial Oil Limited is trading at a P/E of 17.8x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Imperial Oil Limited's current dividend yield is 1.45% with a payout ratio of 25.9%.
Imperial Oil Limited has 14.4% gross margin and 12.5% operating margin. Operating margin between 10-20% is typical for established companies.
Imperial Oil Limited's Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.