ConocoPhillips P/B Ratio
Data as of September 29, 2026
P/B Ratio
2.39
Stock Price
$126.04
Book Value/Share
$52.64
Sector
Energy
How It's Calculated
2.39 = $126.04 ÷ $52.64
What This Means
ConocoPhillips's P/B ratio of 2.39 is between 1 and 3. This descriptive range does not establish fair value because economically comparable P/B levels vary by sector, profitability, leverage, accounting policy, and asset composition.
About ConocoPhillips
ConocoPhillips (COP) operates in the Energy sector, specifically in Energy. With a market capitalization of about $152.31B, it ranks as a large-cap stock — a major established company.
Shares recently traded near $126.04, within a 52-week range of $85.57 to $141.62 (-11.0% from the high, +47.3% from the low). Beta of 0.22 indicates relatively lower volatility versus the market.
Trailing profit margin is about 14.6%, signaling a solid profit margin for its industry.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For ConocoPhillips, P/B is especially useful when earnings are volatile or temporarily depressed. In Energy, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Energy names on our S&P 100 coverage, ConocoPhillips's P/B ratio of 2.39 can be compared with peers such as XOM (2.62), CVX (2.21), SLB (2.95). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Energy stocks.
Key Takeaways
- COP is grouped in the Energy sector for peer comparisons.
- Recent beta of 0.22 suggests lower-than-market price sensitivity.
- Trailing profit margin of 14.6% provides context for how much earnings support the headline multiple.
Related Tools & Guides
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Frequently Asked Questions
What does COP's price-to-book ratio indicate?
P/B compares share price to book value per share. ConocoPhillips's P/B of 2.39 reflects how the market prices net assets — especially relevant for asset-heavy Energy business models.
Is 2.39 above or below book value?
A P/B above 1.0 (2.39) means the market values COP above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Energy?
Peer P/B levels in Energy (e.g. SLB (2.95), XOM (2.62), EOG (2.53)) provide context; asset-light vs asset-heavy models differ materially.
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