ConocoPhillips (COP) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
ConocoPhillips is a US-based independent exploration and production firm. Its operations are primarily in Alaska and the Lower 48, with footprints in Canada, Europe, Asia-Pacific, the Middle East,...
ConocoPhillips (COP) currently trades at a P/E ratio of 18.96 (historical range: 6.67–48.87, median: 12.42), placing it at the 85th percentile — expensive relative to its history, P/S ratio of 2.78 (range: 1.56–3.71, 94th percentile — expensive relative to its history), EV/EBITDA of 12.89 (range: 4.21–61.28, 84th percentile).
ConocoPhillips trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 18.96 | 12.42 | 85th | expensive relative to its history |
| P/S Ratio | 2.78 | 2.23 | 94th | expensive relative to its history |
| EV/EBITDA | 12.89 | 9.07 | 84th | expensive relative to its history |
| FCF Yield | 5.72% | 7.50% | 13th | expensive relative to its history |
ConocoPhillips (COP) Valuation & P/E History
ConocoPhillips (COP) is a US-listed stock operating in the Energy sector, specifically the Petroleum Refining industry currently trading at $146.72 with a market capitalization of $176.3 billion. This page provides historical valuation analysis for COP based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 18.96 is above the historical median of 12.42, placing COP at the 85th percentile of its valuation range. The P/S ratio of 2.78 compares to a median of 2.23.
COP Valuation Metrics & Historical Range
The valuation table above shows ConocoPhillips's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether COP is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests COP is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for ConocoPhillips.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is COP Overvalued or Undervalued?
ConocoPhillips trades well above its own historical valuation range across most metrics. The overall valuation percentile of 88 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive COP is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full COP analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.COP trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.