Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 10.18.
Forward PE Ratio (10.18) = Close Price ($201.02) / Consensus Forward EPS ($19.81)
FORWARD PE RATIO
10.18
SECTOR MEDIAN · ENERGY
13.21
median of 36 covered companies
CURRENT VS SECTOR MEDIAN
-22.91%
vs the sector median at left
Diamondback Energy, Inc.
Market Cap
$56.55B
Forward PE Ratio
10.18
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Diamondback Energy, Inc. (FANG) | $56.55B | 10.18 |
| Targa Resources Corp. (TRGP)vs › | $57.49B | 24.41 |
| ONEOK, Inc. (OKE)vs › | $58.07B | 16.01 |
| Occidental Petroleum Corporation (OXY)vs › | $58.17B | 10.68 |
| Baker Hughes Company (BKR)vs › | $64.14B | 25.56 |
| Cameco Corporation (CCJ)vs › | $43.38B | 60.25 |
| Kinder Morgan, Inc. (KMI)vs › | $70.69B | 20.77 |
| Energy Transfer LP (ET)vs › | $71.95B | 13.30 |
| Suncor Energy Inc. (SU)vs › | $75.37B | 6.51 |
| EOG Resources, Inc. (EOG)vs › | $76.06B | 8.64 |
Trailing P/E
39.4
reported TTM EPS
Forward P/E
10.2
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $19.81 implies +286.9% EPS growth vs the reported trailing $5.12.
At today's $201.02 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $19.81 | $16.92 – $22.89 | 13 | 10.1x |
| 2027-12-31 | $17.42 | $14.83 – $21.56 | 16 | 11.5x |
| 2028-12-31 | $18.61 | $14.82 – $25.23 | 10 | 10.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
