Latest Ratios: P/E Ratio 17.4x · EV/EBITDA 5.4x · ROE 2.8%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $2.1B | $2.9B | $2.0B | $2.0B | $2.1B | — | — |
| Enterprise Value | $8.8B | $7.8B | $5.9B | $3.8B | $3.3B | $3.1B | — | — |
| P/E Ratio → | 17.43 | 15.54 | — | 29.36 | 5.45 | — | — | — |
| P/S Ratio | 0.87 | 0.57 | 1.00 | 0.84 | 0.66 | 1.46 | — | — |
| P/B Ratio | 0.45 | 0.40 | 0.67 | 0.55 | 0.61 | 0.71 | — | — |
| P/FCF | 4.26 | 2.82 | — | — | — | — | — | — |
| P/OCF | 1.85 | 1.22 | 2.40 | 2.13 | 2.00 | 9.22 | — | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.17 | 2.03 | 1.58 | 1.09 | 2.11 | — | — |
| EV / EBITDA | 5.37 | 4.73 | 5.09 | 3.76 | 1.84 | 3.91 | — | — |
| EV / EBIT | 18.59 | 15.51 | 125.04 | 7.66 | 5.45 | — | — | — |
| EV / FCF | — | 10.64 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.6% | 22.6% | 82.0% | 54.7% | 85.6% | 83.5% | 73.2% | 76.5% |
| Operating Margin | 13.2% | 13.2% | 7.5% | 13.6% | 42.0% | 32.8% | -49.5% | 20.9% |
| Net Profit Margin | 3.7% | 3.7% | -3.9% | 2.8% | 3.2% | -1.3% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 2.8% | 2.8% | -2.9% | 1.9% | 3.1% | -0.7% | — | — |
| ROA | 1.2% | 1.2% | -1.4% | 1.1% | 1.7% | -0.4% | — | — |
| ROIC | 3.9% | 3.9% | 2.6% | 4.9% | 22.4% | 9.5% | -7.7% | 4.6% |
| ROCE | 4.9% | 4.9% | 3.0% | 5.8% | 26.6% | 11.6% | -9.9% | 6.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.11 | 1.11 | 0.72 | 0.49 | 0.40 | 0.36 | 0.27 | 0.37 |
| Debt / EBITDA | 3.48 | 3.48 | 2.68 | 1.76 | 0.72 | 1.37 | — | 1.86 |
| Net Debt / Equity | — | 1.10 | 0.69 | 0.48 | 0.40 | 0.32 | 0.26 | 0.36 |
| Net Debt / EBITDA | 3.47 | 3.47 | 2.57 | 1.76 | 0.72 | 1.21 | — | 1.82 |
| Debt / FCF | — | 7.82 | — | — | — | — | 2.59 | 6.68 |
| Interest Coverage | 1.68 | 1.68 | 0.22 | 3.37 | 6.39 | -7.52 | -4.67 | 1.87 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.48 | 1.48 | 0.95 | 0.82 | 0.58 | 0.78 | 1.83 | 0.83 |
| Quick Ratio | 1.48 | 1.48 | 0.95 | 0.82 | 0.58 | 0.78 | 1.83 | 0.83 |
| Cash Ratio | 0.01 | 0.01 | 0.16 | 0.00 | — | 0.21 | 0.31 | 0.10 |
| Asset Turnover | — | 0.29 | 0.32 | 0.35 | 0.51 | 0.29 | 0.19 | 0.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 75.74 | 67.53 | 77.63 | 54.89 | 84.57 | 54.12 | 34.68 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.0% | 5.6% | 2.2% | 1.7% | 1.4% | 1.6% | — | — |
| Payout Ratio | 86.6% | 86.6% | — | 50.5% | 28.5% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 6.4% | — | 3.4% | 18.3% | — | — | — |
| FCF Yield | 23.5% | 35.5% | — | — | — | — | — | — |
| Buyback Yield | 1.1% | 1.6% | 0.5% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 6.1% | 7.2% | 2.7% | 1.7% | 1.4% | 1.6% | — | — |
| Shares Outstanding | — | $245M | $201M | $151M | $169M | $169M | $43M | $43M |
Aggressive debt-funded consolidation
According to current market data, CRGY trades at a forward P/E of 4.36 and an EV/EBITDA of 5.51, suggesting that investors are applying a significant discount to the company's valuation compared to pure-play peers, likely reflecting skepticism regarding the long-term accretion of its aggressive acquisition-led growth strategy.
The low forward P/E multiple relative to the TTM P/E of 18.74 implies that the market is pricing in a substantial recovery in earnings, which may be optimistic given the historical volatility of the company's net margins. Investors should monitor whether this valuation gap narrows as the company demonstrates the ability to successfully integrate its recent large-scale acquisitions without further eroding its equity base.
Based on reported financial figures, the company's ROIC has remained consistently low, fluctuating between -0.3% and 2.3% over the last ten quarters, which indicates that the firm is struggling to generate returns on invested capital that exceed its likely cost of capital in this high-rate environment.
The persistent inability to drive meaningful ROIC suggests that the capital deployed for acquisitions is not yet yielding the expected operational synergies. This trend warrants further investigation into whether the company's focus on mature, PDP-heavy assets is fundamentally limiting its ability to compound value for shareholders over the long term.
As reported in quarterly filings, the company's asset turnover ratio has remained stagnant at approximately 0.09 to 0.10, highlighting a structural inefficiency in converting its massive $10.7B property, plant, and equipment base into top-line revenue, which is typical of a firm heavily reliant on mature, declining well-stock.
The erratic nature of the cash conversion cycle, evidenced by significant fluctuations in days payable outstanding, suggests that management is utilizing supplier leverage to manage liquidity during periods of intense capital expenditure. This reliance on working capital management to bridge cash flow gaps appears to be a temporary measure that may not be sustainable if operational costs continue to rise.
According to recent balance sheet data, the company's debt-to-equity ratio has climbed to 1.15 as of 2026Q1, a concerning trend that indicates the firm is increasingly relying on debt to fund its consolidation-heavy business model, thereby elevating the financial risk profile for equity holders in the current cycle.
The interest coverage ratio has shown extreme volatility, dropping to 3.13 in 2026Q1 from higher levels, which suggests that debt service is becoming less comfortable as the company integrates larger debt loads. Investors should monitor the company's ability to maintain covenant compliance if commodity prices face downward pressure, as the current leverage levels leave little room for operational error.
The P/E ratio is the most commonly misapplied metric for this business model, as it fails to account for the significant non-cash charges and hedging impacts that frequently distort GAAP earnings, thereby obscuring the company's true cash-generating capability and operational health for long-term equity investors.
Instead of relying on P/E, analysts should prioritize EV/EBITDA or P/FCF, which better capture the underlying cash flow dynamics of an E&P firm with heavy capital intensity and complex hedging structures. Using P/E in this context may lead to a fundamental misunderstanding of the company's valuation, as it ignores the substantial depreciation and amortization associated with its mature asset base.
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Quick answers to the most common questions about buying CRGY stock.
Crescent Energy Company's current P/E ratio is 17.4x. The historical average is 16.8x. This places it at the 67th percentile of its historical range.
Crescent Energy Company's current EV/EBITDA is 5.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.9x.
Crescent Energy Company's return on equity (ROE) is 2.8%. The historical average is 0.9%.
Based on historical data, Crescent Energy Company is trading at a P/E of 17.4x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Crescent Energy Company's current dividend yield is 4.99% with a payout ratio of 86.6%.
Crescent Energy Company has 22.6% gross margin and 13.2% operating margin. Operating margin between 10-20% is typical for established companies.
Crescent Energy Company's Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.