Highly Regarded

Is ConocoPhillips (COP) Stock Undervalued or Overvalued?

Trailing-twelve-month multiples vs Energy sector peers in our coverage

30% Discount TTM fundamentals · sector averages from covered peers

COP trades at 14.6× TTM earnings — a 30% discount to its Energy sector average of 21.0× in our coverage.

The Numbers

P/E (TTM)

14.6×

Sector avg: 21.0×

P/S (TTM)

2.1×

Sector avg: 1.8×

Market Cap

$126.89B

EPS (TTM): $7.07

Revenue (TTM)

$59.79B

Net income: $8.85B

Energy Peer Comparison

How COP's multiples stack up against sector peers we cover. Click any peer for its own valuation breakdown.

Stock Price P/E (TTM)
COP This page $103.57 14.6×
XOM $136.46 19.8×
CVX $168.12 23.6×
SLB $45.71 19.5×

Is the Discount Justified?

July 6, 2026

ConocoPhillips currently trades at a P/E of 14.7x, a discount compared to the energy sector average of 19.4x. Recent results indicate some pressure, with fourth-quarter 2025 earnings and full-year 2025 earnings both lower than the prior year. First-quarter 2026 also saw a decline in EPS, revenue, and profit margin year-over-year, although EPS did exceed analyst estimates. The company's average annual earnings growth rate of 2.4% trails the broader oil and gas industry's 8% growth. Revenue growth is forecast at 3.3% annually over the next three years, slightly below the industry's 3.5% projection. Geopolitical risks, such as those impacting Qatar production, and volatile crude prices can influence the sector and the company's performance. This valuation multiple reflects a period of declining earnings and slightly slower projected growth relative to its peers.

Sources

Frequently Asked Questions

Is COP overvalued or undervalued?
On trailing-twelve-month earnings, COP trades at 14.6x versus a Energy sector average of 21.0x in our coverage — a 30.2% discount. Whether that's justified depends on growth, margins, and risk; see the context above.
What does the P/E ratio tell you?
Price-to-earnings compares a company's share price with its per-share profits. A higher multiple means investors pay more per dollar of earnings — often for faster expected growth — while a lower one can signal slower growth or higher perceived risk.
Why compare against the sector average?
Valuation multiples vary structurally between industries — software typically trades richer than banks or energy. Comparing COP with its own Energy peers is more informative than comparing against the whole market.
Is a cheap stock automatically a good buy?
No. A discount can be justified by weak growth or elevated risk (a "value trap"), and a premium can be earned by quality and consistency. Valuation is one input — pair it with the fundamentals and the AI context on this page.

Methodology

Multiples are computed from trailing-twelve-month fundamentals (from company filings) and the latest share price: P/E is price ÷ diluted EPS, and P/S is market cap ÷ revenue. Sector averages use the Energy names in our 50-stock coverage with positive earnings — a deliberately like-for-like, if imperfect, benchmark.

Stocks with negative trailing earnings are compared on price-to-sales instead. Multiples update with prices and fundamentals; AI context refreshes weekly.

Not Financial Advice

This page is for education and information only. Indicators are mechanical calculations, AI commentary can contain errors, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a qualified financial advisor. See our full disclaimer.

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Same question, Energy peers

CVX SLB XOM