Obsidian Energy Ltd. (OBE) P/E Ratio History
Historical price-to-earnings valuation from 2006 to 2024
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Obsidian Energy Ltd. (OBE) trades at a price-to-earnings ratio of -4.0x, with a stock price of $7.85 and trailing twelve-month earnings per share of $-3.44.
The current P/E is 121% below its 5-year average of 19.1x. Over the past five years, OBE's P/E has ranged from a low of 0.7x to a high of 221.5x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, OBE trades at a 124% discount to its sector peers. The sector includes 180 companies with P/E ratios ranging from 1.9x to 146.4x.
Relative to the broader market, OBE trades at a notable discount to the S&P 500 median P/E of 26.2x. 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 OBE 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.
Peer Comparison
P/E metrics vs. Canadian oil sands and heavy oil producers peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
CNQCanadian Natural Resources Limited | $91B | 21.0 | 4.51Best | -24% |
BTEBaytex Energy Corp. | $3B | 17.5 | - | +191%Best |
GFRGreenfire Resources Ltd. | $745M | 4.8Lowest | - | +168% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $5.54 | $1.45 | 3.8x | -87% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $7.48 | $1.33 | 5.6x | -80% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $8.22 | $1.09 | 7.5x | -74% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $6.78 | $1.30 | 5.2x | -82% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $8.22 | $8.54 | 1.0x | -97% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $5.83 | $8.61 | 0.7x | -98% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $6.40 | $9.74 | 0.7x | -98% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $6.64 | $9.59 | 0.7x | -98% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $7.17 | $2.11 | 3.4x | -88% |
| FY2022 Q2 | $7.74 | $2.34 | 3.3x | -88% | |
| FY2022 Q1 | $8.86 | $5.22 | 1.7x | -94% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $4.12 | $5.32 | 0.8x | -97% |
Average P/E for displayed period: 28.6x
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Start ComparisonFrequently Asked Questions
Is OBE stock overvalued or undervalued?
OBE trades at -4.0x P/E, below its 5-year average of 19.1x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does OBE's valuation compare to peers?
Obsidian Energy Ltd. P/E of -4.0x compares to sector median of 16.8x. The discount suggests lower growth expectations or higher risk.
What is OBE's PEG ratio?
OBE PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2006-2024.