Latest Ratios: P/E Ratio 106.0x · EV/EBITDA 6.2x · ROE 1.9%. (1997–2025 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $126M | $157M | $173M | $268M | $182M | $162M | $92M | $237M | $327M | $268M | $180M |
| Enterprise Value | $161M | $192M | $207M | $257M | $195M | $161M | $73M | $206M | $302M | $245M | $146M |
| P/E Ratio → | 106.02 | 141.57 | 43.92 | 7.76 | 5.69 | — | 15.56 | 15.54 | 16.69 | 38.57 | 7.49 |
| P/S Ratio | 1.47 | 1.82 | 2.02 | 2.08 | 1.67 | 4.97 | 3.12 | 5.49 | 7.92 | 7.78 | 6.82 |
| P/B Ratio | 1.63 | 2.18 | 2.14 | 2.91 | 2.41 | 2.97 | 1.25 | 2.96 | 4.23 | 3.92 | 2.36 |
| P/FCF | 11.05 | 13.73 | — | 6.05 | — | — | 69.33 | 13.71 | 19.41 | 42.57 | 18.82 |
| P/OCF | 3.81 | 4.74 | 7.63 | 5.22 | 3.47 | 34.31 | 7.46 | 9.86 | 15.91 | 16.26 | 5.86 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.23 | 2.41 | 2.00 | 1.79 | 4.93 | 2.47 | 4.76 | 7.31 | 7.11 | 5.53 |
| EV / EBITDA | 6.16 | 7.32 | 7.39 | 4.33 | 3.65 | — | 7.72 | 8.61 | 13.53 | 13.14 | 21.18 |
| EV / EBIT | 38.60 | 39.61 | 29.70 | 5.62 | 4.67 | — | 18.87 | 10.84 | 18.62 | 18.91 | 4.26 |
| EV / FCF | — | 16.80 | — | 5.80 | — | — | 54.70 | 11.88 | 17.93 | 38.92 | 15.25 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.9% | 16.9% | 22.1% | 43.4% | 48.4% | 34.1% | 35.4% | 52.5% | 55.9% | 52.0% | 45.7% |
| Operating Margin | 4.9% | 4.9% | 9.2% | 35.1% | 41.7% | -63.4% | 12.5% | 40.8% | 39.3% | 37.4% | 6.3% |
| Net Profit Margin | 1.7% | 1.7% | 4.8% | 27.4% | 30.0% | -50.3% | 20.1% | 35.6% | 47.5% | 23.3% | 93.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | 4.7% | 42.0% | 50.2% | -25.5% | 7.7% | 19.5% | 26.9% | 11.1% | 39.5% |
| ROA | 0.9% | 0.9% | 2.8% | 25.1% | 28.9% | -19.3% | 6.3% | 16.2% | 21.6% | 8.7% | 29.5% |
| ROIC | 2.8% | 2.8% | 6.1% | 39.9% | 48.0% | -28.8% | 5.4% | 26.2% | 24.9% | 22.0% | 3.5% |
| ROCE | 2.9% | 2.9% | 5.9% | 37.9% | 48.0% | -26.1% | 4.1% | 19.4% | 18.6% | 14.8% | 2.2% |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.52 | 0.52 | 0.49 | 0.00 | 0.28 | 0.07 | 0.00 | — | — | — | — |
| Debt / EBITDA | 1.44 | 1.44 | 1.42 | 0.00 | 0.40 | — | 0.01 | — | — | — | — |
| Net Debt / Equity | — | 0.49 | 0.41 | -0.12 | 0.17 | -0.02 | -0.26 | -0.39 | -0.32 | -0.34 | -0.45 |
| Net Debt / EBITDA | 1.34 | 1.34 | 1.19 | -0.18 | 0.24 | — | -2.07 | -1.32 | -1.12 | -1.23 | -4.95 |
| Debt / FCF | — | 3.07 | — | -0.25 | — | — | -14.63 | -1.82 | -1.48 | -3.66 | -3.57 |
| Interest Coverage | 1.63 | 1.63 | 4.77 | 99.88 | 72.92 | -206.98 | 34.91 | 162.82 | 146.34 | 158.60 | 482.52 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.81 | 0.81 | 1.37 | 1.73 | 1.20 | 2.75 | 5.92 | 12.78 | 7.26 | 9.62 | 4.35 |
| Quick Ratio | 0.81 | 0.81 | 1.40 | 1.73 | 1.20 | 2.75 | 5.92 | 12.78 | 6.64 | 9.62 | 4.33 |
| Cash Ratio | 0.12 | 0.12 | 0.41 | 0.90 | 0.27 | 0.80 | 4.60 | 11.46 | 5.63 | 8.47 | 4.00 |
| Asset Turnover | — | 0.54 | 0.53 | 0.97 | 0.74 | 0.42 | 0.32 | 0.45 | 0.44 | 0.39 | 0.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 6.62 | — | 119.70 |
| Days Sales Outstanding | — | 46.90 | 47.57 | 22.44 | 89.44 | 131.65 | 23.67 | 26.75 | 34.85 | 28.86 | 36.54 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.9% | 10.4% | 9.3% | 6.0% | 6.5% | 2.7% | 11.6% | 5.6% | 3.5% | 3.1% | 3.7% |
| Payout Ratio | 1109.8% | 1109.8% | 393.1% | 45.7% | 36.2% | — | 180.9% | 86.3% | 59.1% | 104.8% | 26.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.9% | 0.7% | 2.3% | 12.9% | 17.6% | — | 6.4% | 6.4% | 6.0% | 2.6% | 13.3% |
| FCF Yield | 9.0% | 7.3% | — | 16.5% | — | — | 1.4% | 7.3% | 5.2% | 2.3% | 5.3% |
| Buyback Yield | 0.4% | 0.3% | 0.7% | 1.6% | 0.0% | 0.0% | 2.7% | 0.1% | 0.2% | 3.1% | 0.8% |
| Total Shareholder Yield | 14.3% | 10.7% | 9.9% | 7.6% | 6.5% | 2.7% | 14.3% | 5.7% | 3.7% | 6.3% | 4.4% |
| Shares Outstanding | — | $33M | $33M | $33M | $33M | $33M | $33M | $33M | $33M | $33M | $33M |
Asset Retirement Obligation Exposure
According to current market data, EPM trades at a P/E of 114.16, a valuation multiple that appears disconnected from the company's recent net losses and contracting revenue base, suggesting that investors may be mispricing the firm as a stable yield play rather than a volatile E&P.
The elevated P/E ratio relative to the broader energy sector suggests that the market is assigning a premium for the company's dividend history despite the underlying erosion of earnings power. This valuation appears to ignore the reality that the company's current profitability is insufficient to support such a multiple without a significant, sustained recovery in commodity prices.
Based on reported financial statements, EPM's ROIC has trended downward from 1.5% in 2024Q2 to a negative 0.7% in 2026Q3, indicating that the company is failing to generate adequate returns on its invested capital as its mature, non-operated assets face increasing operational cost pressures.
The consistent decay in ROIC suggests that the capital deployed into these mature fields is no longer yielding the necessary returns to justify the investment. This trend warrants further investigation into whether the company's non-operated model is structurally incapable of maintaining efficiency as field decline rates accelerate.
As reported in recent quarterly filings, EPM's asset turnover ratio has remained stagnant at approximately 0.12 to 0.14, reflecting a lack of operational leverage and an inability to optimize the utilization of its capital-intensive infrastructure to drive higher revenue per dollar of assets.
The low asset turnover ratio highlights the inherent inefficiency of the company's non-operated, EOR-heavy business model, which requires significant fixed investment regardless of production output. Investors should monitor whether this lack of efficiency is a permanent feature of the Delhi field's maturation or a temporary result of current operator decisions.
Based on the company's 2026Q3 financial data, the current ratio has compressed to 0.61, a level that suggests the firm may face increasing difficulty in meeting its short-term obligations without relying on external financing or further liquidating its already limited cash reserves.
The rapid deterioration of the current ratio from 1.69 in 2025Q1 indicates that the company's liquidity position is becoming increasingly vulnerable to operational shocks. This trend suggests that the firm lacks the necessary financial cushion to navigate a prolonged period of low commodity prices or unexpected field maintenance costs.
As evidenced by the 12.9% dividend yield, the market frequently misapplies yield-based valuation metrics to EPM, which obscures the fact that these distributions are being paid out during periods of negative free cash flow and declining shareholder equity, potentially signaling an unsustainable capital allocation strategy.
Investors often prioritize the dividend yield as a proxy for stability, but this metric fails to account for the underlying erosion of the company's balance sheet and the lack of organic growth. A more appropriate metric would be the cash-flow-to-dividend coverage ratio, which would likely reveal that the current payout is not supported by the firm's core operational performance.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying EPM stock.
Evolution Petroleum Corporation's current P/E ratio is 106.0x. The historical average is 41.8x. This places it at the 86th percentile of its historical range.
Evolution Petroleum Corporation's current EV/EBITDA is 6.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.7x.
Evolution Petroleum Corporation's return on equity (ROE) is 1.9%. The historical average is -8.6%.
Based on historical data, Evolution Petroleum Corporation is trading at a P/E of 106.0x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Evolution Petroleum Corporation's current dividend yield is 13.94% with a payout ratio of 1109.8%.
Evolution Petroleum Corporation has 16.9% gross margin and 4.9% operating margin.
Evolution Petroleum Corporation's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.