Oceaneering International, Inc. (OII) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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OII Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Oceaneering International, Inc. (OII) trades at a price-to-earnings ratio of 10.6x, with a stock price of $37.07 and trailing twelve-month earnings per share of $3.37.
The current P/E is 71% below its 5-year average of 36.8x. Over the past five years, OII's P/E has ranged from a low of 6.9x to a high of 110.4x, placing the current valuation at the 10th percentile of its historical range.
Compared to the Energy sector median P/E of 16.9x, OII trades at a 37% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, OII trades at a notable discount to 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 OII 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.
OII P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 12.3Lowest | - | +95% | |
| $2B | 31.0 | 2.54Best | +515%Best | |
| $5B | 36.5 | - | -52% | |
| $83B | 23.5 | - | -24% | |
| $34B | 26.9 | - | -47% | |
| $66B | 25.6 | - | -13% | |
| $30B | 32.1 | - | +20% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
OII Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $35.47 | $3.37 | 10.5x | -66% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $24.03 | $3.50 | 6.9x | -78% |
| FY2025 Q3 | $24.78 | $0.85 | 29.2x | -6% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $20.72 | $0.54 | 38.4x | +23% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $21.81 | $0.34 | 64.1x | +106% |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $24.87 | $1.33 | 18.7x | -40% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $23.66 | $1.22 | 19.4x | -38% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $23.40 | $1.07 | 21.9x | -30% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $21.28 | $0.96 | 22.2x | -29% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $25.72 | $0.75 | 34.3x | +10% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $18.70 | $0.64 | 29.2x | -6% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $17.63 | $0.49 | 36.2x | +16% |
Average P/E for displayed period: 31.2x
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Start ComparisonOII — Frequently Asked Questions
Quick answers to the most common questions about buying OII stock.
Is OII stock overvalued or undervalued?
OII trades at 10.6x P/E, below its 5-year average of 36.8x. At the 10th percentile of historical range, the stock is priced at a discount to its own history.
How does OII's valuation compare to peers?
Oceaneering International, Inc. P/E of 10.6x compares to sector median of 16.9x. The discount suggests lower growth expectations or higher risk.
What is OII's PEG ratio?
OII PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.