Latest Ratios: P/E Ratio 3.2x · EV/EBITDA 1.9x · ROE 13.1%. (2011–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $4.5B | $5.9B | $5.0B | $1.8B | $404M | $483M | $426M | $565M | $50M | $252M |
| Enterprise Value | $6.8B | $9.0B | $9.8B | $4.6B | $2.1B | $411M | $593M | $465M | $557M | $958M | $1.1B |
| P/E Ratio → | 3.24 | 5.42 | 7.58 | 3.97 | 10.33 | 3.91 | 7.20 | 2.53 | — | — | — |
| P/S Ratio | 0.45 | 0.87 | 1.71 | 1.31 | 1.99 | 1.85 | 1.54 | 1.54 | 2.89 | 0.26 | 0.86 |
| P/B Ratio | 0.41 | 0.69 | 0.96 | 0.92 | 0.40 | 0.39 | 0.52 | 0.49 | 0.82 | 2.64 | 1.20 |
| P/FCF | 2.61 | 5.09 | 8.13 | 3.51 | 15.02 | 4.26 | — | — | — | — | — |
| P/OCF | 0.82 | 1.59 | 2.66 | 2.00 | 6.73 | 2.55 | 2.15 | 3.65 | 73.41 | 3.45 | 1.12 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.72 | 2.82 | 1.22 | 2.30 | 1.89 | 1.89 | 1.68 | 2.85 | 4.91 | 3.77 |
| EV / EBITDA | 1.89 | 2.51 | 4.09 | 1.63 | 3.30 | 1.63 | 2.11 | 2.87 | — | — | — |
| EV / EBIT | 4.47 | 5.83 | 8.39 | 2.74 | 8.20 | 8.40 | 8.67 | 2.72 | 150.78 | — | — |
| EV / FCF | — | 10.04 | 13.38 | 3.28 | 17.43 | 4.33 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.2% | 41.2% | 47.9% | 65.5% | 61.2% | 73.6% | 74.6% | 58.0% | 75.7% | 6.3% | -16.2% |
| Operating Margin | 29.0% | 29.0% | 35.2% | 53.5% | 45.4% | 56.9% | 61.7% | 41.6% | -66.1% | -70.1% | -291.6% |
| Net Profit Margin | 16.1% | 16.1% | 22.6% | 33.0% | 19.2% | 47.5% | 21.4% | 60.8% | -101.9% | -101.9% | -254.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.1% | 13.1% | 13.6% | 24.9% | 6.3% | 10.4% | 7.4% | 21.7% | -56.2% | -174.2% | -157.0% |
| ROA | 5.8% | 5.8% | 7.1% | 17.0% | 4.5% | 8.7% | 5.9% | 17.8% | -20.3% | -16.6% | -45.7% |
| ROIC | 10.8% | 10.8% | 12.2% | 30.4% | 10.6% | 8.9% | 14.9% | 10.9% | -12.0% | -10.3% | -48.5% |
| ROCE | 12.1% | 12.1% | 12.9% | 32.6% | 12.6% | 11.2% | 18.7% | 13.5% | -32.1% | -23.1% | -58.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.68 | 0.68 | 0.80 | 0.08 | 0.12 | 0.03 | 0.13 | 0.06 | 0.01 | 51.85 | 4.16 |
| Debt / EBITDA | 1.26 | 1.26 | 2.07 | 0.15 | 0.85 | 0.13 | 0.43 | 0.32 | — | — | — |
| Net Debt / Equity | — | 0.67 | 0.62 | -0.06 | 0.06 | 0.01 | 0.12 | 0.05 | -0.01 | 47.62 | 4.06 |
| Net Debt / EBITDA | 1.24 | 1.24 | 1.60 | -0.12 | 0.46 | 0.03 | 0.39 | 0.24 | — | — | — |
| Debt / FCF | — | 4.95 | 5.25 | -0.23 | 2.41 | 0.07 | — | — | — | — | — |
| Interest Coverage | 3.31 | 3.31 | 6.70 | 62.94 | 43.60 | 60.69 | 72.91 | 44.20 | -20.08 | -2.21 | -14.96 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.45 | 0.45 | 1.16 | 1.13 | 0.64 | 1.24 | 1.06 | 1.36 | 0.60 | 0.11 | 0.88 |
| Quick Ratio | 0.45 | 0.45 | 1.15 | 1.13 | 0.63 | 1.12 | 0.98 | 1.32 | 0.58 | 0.10 | 0.82 |
| Cash Ratio | 0.03 | 0.03 | 0.61 | 0.65 | 0.23 | 0.33 | 0.11 | 0.13 | 0.14 | 0.08 | 0.16 |
| Asset Turnover | — | 0.35 | 0.25 | 0.48 | 0.14 | 0.18 | 0.26 | 0.26 | 0.24 | 0.17 | 0.23 |
| Inventory Turnover | 192.36 | — | 192.36 | — | 29.17 | 6.27 | 10.30 | 33.42 | 46.63 | 39.06 | 39.79 |
| Days Sales Outstanding | — | 54.12 | 79.14 | 46.19 | 168.12 | 79.36 | 95.38 | 104.72 | 60.52 | 39.74 | 31.58 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 18.2% | 10.9% | 11.1% | 10.8% | 3.3% | — | — | — | — | — | — |
| Payout Ratio | 58.9% | 58.9% | 84.2% | 43.0% | 34.0% | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 30.9% | 18.4% | 13.2% | 25.2% | 9.7% | 25.6% | 13.9% | 39.5% | — | — | — |
| FCF Yield | 38.2% | 19.6% | 12.3% | 28.5% | 6.7% | 23.5% | — | — | — | — | — |
| Buyback Yield | 18.3% | 9.4% | 5.4% | 0.0% | 0.0% | 0.0% | 0.2% | 0.2% | 0.5% | 0.6% | 0.0% |
| Total Shareholder Yield | 36.5% | 20.2% | 16.5% | 10.8% | 3.3% | 0.0% | 0.2% | 0.2% | 0.5% | 0.6% | 0.0% |
| Shares Outstanding | — | $99M | $87M | $86M | $38M | $21M | $21M | $21M | $20M | $441515 | $429023 |
Integration and commodity volatility
According to current market data, Civitas trades at a forward P/E of 6.75 and an EV/EBITDA of 2.38, suggesting that investors are pricing in significant execution risk regarding the company's recent multi-basin expansion compared to the higher multiples commanded by more established, pure-play Permian operators.
The current valuation appears to reflect a persistent 'Colorado discount' and skepticism regarding the company's ability to maintain high margins outside its legacy DJ Basin. While the low P/FCF of 2.61 might suggest an attractive entry point, this multiple is likely distorted by the cyclical nature of energy cash flows and the high capital intensity required to integrate new assets.
Based on reported financial statements, the company's ROIC has struggled to maintain momentum, fluctuating between 0.2% and 4.9% over the last ten quarters, which indicates that the aggressive acquisition strategy has yet to yield the expected compounding returns on the expanded capital base.
The volatility in ROIC suggests that the integration of large-scale assets is currently diluting the efficiency of the core business. Investors should monitor whether management can improve these returns as the new Permian assets reach full operational maturity, or if the high cost of capital will continue to suppress long-term value creation.
As reported in recent SEC filings, the company's debt-to-equity ratio has climbed to 0.77, signaling that the firm is increasingly reliant on external financing to fund its consolidation strategy, which may limit its ability to navigate future commodity price downturns without compromising its dividend framework.
The interest coverage ratio has shown significant instability, dropping to 6.48 in 2025Q3 from much higher levels in previous periods, which warrants caution regarding the company's debt service capacity. This leverage profile suggests that the balance sheet is becoming more sensitive to interest rate fluctuations and operational shocks than in its previous, less-leveraged state.
According to quarterly data, the company's DSO has remained elevated, reaching 163 days in 2025Q3, which indicates potential inefficiencies in revenue collection or structural shifts in customer payment terms following the company's recent geographic diversification into new basins.
The lack of consistent trends in the cash conversion cycle suggests that the company is still refining its operational processes across its expanded footprint. The high DSO relative to historical norms warrants further investigation into whether this is a temporary integration friction or a permanent change in the company's working capital requirements.
While the 18.2% dividend yield is often cited as a primary attraction, it is a commonly misapplied metric for this business model because it fails to account for the volatility of the variable component and the underlying capital intensity required to sustain production in mature fields.
Investors should focus on the reinvestment rate and free cash flow generation rather than the headline yield, as the latter may be unsustainable if commodity prices soften. Relying on the dividend yield as a proxy for financial health obscures the reality that the company is currently prioritizing shareholder returns over the liquidity buffers necessary for long-term operational stability.
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Quick answers to the most common questions about buying CIVI stock.
Civitas Resources, Inc.'s current P/E ratio is 3.2x. The historical average is 13.7x. This places it at the 9th percentile of its historical range.
Civitas Resources, Inc.'s current EV/EBITDA is 1.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.3x.
Civitas Resources, Inc.'s return on equity (ROE) is 13.1%. The historical average is -18.7%.
Based on historical data, Civitas Resources, Inc. is trading at a P/E of 3.2x. This is at the 9th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Civitas Resources, Inc.'s current dividend yield is 18.19% with a payout ratio of 58.9%.
Civitas Resources, Inc. has 41.2% gross margin and 29.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Civitas Resources, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.