Diamondback Energy (FANG) valuation
Diamondback Energy P/E ratio history
Diamondback Energy trades at 40.4 times its earnings over the last twelve months and 9.9 times the earnings analysts expect over the next twelve. At its last 8 fiscal year ends its P/E ranged from 5.6 (year to Dec 2022) to 66.8 (year to Dec 2019), with a median of 11.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $150.33 | $5.73 | 26.2 | 12.3 |
| Dec 31, 2024 | $163.83 | $15.53 | 10.6 | 10.7 |
| Dec 31, 2023 | $155.08 | $17.34 | 8.9 | 7.7 |
| Dec 31, 2022 | $136.78 | $24.61 | 5.6 | 5.5 |
| Dec 31, 2021 | $107.85 | $12.24 | 8.8 | 6.9 |
| Dec 31, 2020 | $48.40 | -$28.61 | n/m | — |
| Dec 31, 2019 | $92.86 | $1.39 | 66.8 | — |
| Dec 31, 2018 | $92.70 | $7.96 | 11.7 | — |
| Dec 31, 2017 | $126.25 | $4.97 | 25.4 | — |
| Dec 31, 2016 | $101.06 | -$2.34 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Diamondback Energy valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Diamondback EnergyFANG | $59.7B | 40.4 | 9.9 | 3.5 |
| Occidental PetroleumOXY | $63.7B | 9.9 | 11.6 | 2.9 |
| EOG ResourcesEOG | $88.2B | 12.9 | 9.9 | 3.3 |
| EQTEQT | $34.6B | 13.1 | 15.4 | 3.7 |
| Devon EnergyDVN | $32.4B | 12.4 | 10.0 | 1.7 |
| Texas Pacific LandTPL | $22.9B | 42.3 | 34.1 | 25.5 |
| Expand EnergyEXE | $21.0B | 7.8 | 10.3 | 1.5 |
| ConocoPhillipsCOP | $188B | 20.4 | 13.9 | 2.9 |
| APAAPA | $18.7B | 11.2 | 9.2 | 2.2 |
| Peer median | 12.6 | 11.0 | 2.9 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: FANG financials · FANG returns
No forecast, no recommendation. This page describes Diamondback Energy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.