Latest Ratios: P/E Ratio 15.7x · EV/EBITDA 4.6x · ROE 13.2%. (1996–2025 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 | $63.6B | $54.1B | $45.5B | $42.0B | $44.1B | $37.3B | $25.6B | $51.2B | $45.6B | $61.1B | $52.7B |
| Enterprise Value | $74.0B | $68.8B | $56.7B | $56.0B | $58.2B | $53.8B | $45.9B | $67.2B | $60.7B | $74.0B | $67.1B |
| P/E Ratio → | 15.65 | 9.15 | 7.56 | 5.06 | 4.86 | 9.04 | — | 17.63 | 13.85 | 13.70 | 121.07 |
| P/S Ratio | 1.84 | 1.11 | 0.90 | 0.85 | 0.76 | 0.95 | 1.04 | 1.34 | 1.18 | 1.91 | 1.97 |
| P/B Ratio | 2.05 | 1.20 | 1.02 | 0.97 | 1.12 | 1.02 | 0.72 | 1.22 | 1.04 | 1.35 | 1.18 |
| P/FCF | 13.02 | 7.82 | 4.80 | 6.44 | 4.18 | 5.17 | — | 10.53 | 8.81 | 25.32 | — |
| P/OCF | 7.06 | 4.24 | 2.85 | 3.40 | 2.81 | 3.17 | 9.57 | 4.91 | 4.31 | 6.82 | 9.28 |
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 | — | 1.41 | 1.12 | 1.14 | 1.00 | 1.38 | 1.86 | 1.75 | 1.57 | 2.32 | 2.50 |
| EV / EBITDA | 4.56 | 3.00 | 2.40 | 2.52 | 2.06 | 2.90 | 3.82 | 3.37 | 3.31 | 4.54 | 5.23 |
| EV / EBIT | 6.77 | 7.92 | 6.14 | 5.90 | 3.39 | 8.95 | — | 32.56 | 9.19 | 16.36 | 771.38 |
| EV / FCF | — | 9.95 | 5.99 | 8.60 | 5.51 | 7.47 | — | 13.82 | 11.73 | 30.66 | — |
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 | 59.1% | 59.1% | 58.7% | 59.3% | 61.5% | 61.0% | 56.7% | 63.5% | 59.9% | 62.0% | 59.4% |
| Operating Margin | 31.7% | 31.7% | 32.7% | 32.4% | 39.4% | 32.1% | 16.0% | 33.3% | 32.0% | 32.7% | 24.1% |
| Net Profit Margin | 12.1% | 12.1% | 11.9% | 16.9% | 15.6% | 10.5% | -17.5% | 7.6% | 8.5% | 14.0% | 1.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.2% | 13.2% | 13.7% | 20.1% | 23.9% | 11.4% | -11.1% | 6.7% | 7.4% | 9.9% | 1.0% |
| ROA | 6.6% | 6.6% | 6.7% | 9.6% | 10.8% | 4.9% | -5.0% | 3.2% | 3.7% | 5.0% | 0.5% |
| ROIC | 20.1% | 20.1% | 22.0% | 21.5% | 32.3% | 17.3% | 5.2% | 16.4% | 15.8% | 13.4% | 8.9% |
| ROCE | 19.5% | 19.5% | 21.0% | 21.1% | 31.7% | 17.0% | 5.2% | 16.2% | 15.5% | 13.0% | 8.5% |
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 | 0.41 | 0.41 | 0.33 | 0.37 | 0.41 | 0.51 | 0.62 | 0.43 | 0.39 | 0.34 | 0.39 |
| Debt / EBITDA | 0.80 | 0.80 | 0.62 | 0.71 | 0.57 | 1.01 | 1.85 | 0.90 | 0.95 | 0.96 | 1.36 |
| Net Debt / Equity | — | 0.33 | 0.25 | 0.33 | 0.36 | 0.45 | 0.57 | 0.38 | 0.34 | 0.28 | 0.32 |
| Net Debt / EBITDA | 0.64 | 0.64 | 0.47 | 0.63 | 0.50 | 0.89 | 1.69 | 0.80 | 0.82 | 0.79 | 1.12 |
| Debt / FCF | — | 2.13 | 1.18 | 2.16 | 1.33 | 2.30 | — | 3.29 | 2.92 | 5.34 | — |
| Interest Coverage | 11.71 | 11.71 | 13.32 | 12.26 | 18.93 | 6.26 | -5.44 | 2.09 | 7.74 | 16.22 | 0.18 |
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 | 1.39 | 1.39 | 1.33 | 1.44 | 1.13 | 1.06 | 0.89 | 0.94 | 0.84 | 1.00 | 1.36 |
| Quick Ratio | 0.89 | 0.89 | 0.86 | 0.88 | 0.74 | 0.66 | 0.55 | 0.58 | 0.54 | 0.64 | 0.96 |
| Cash Ratio | 0.36 | 0.36 | 0.32 | 0.18 | 0.15 | 0.21 | 0.18 | 0.19 | 0.22 | 0.28 | 0.37 |
| Asset Turnover | — | 0.54 | 0.56 | 0.55 | 0.69 | 0.47 | 0.29 | 0.43 | 0.43 | 0.36 | 0.30 |
| Inventory Turnover | 3.91 | 3.91 | 4.16 | 3.73 | 4.44 | 3.72 | 2.95 | 3.73 | 4.89 | 3.51 | 3.36 |
| Days Sales Outstanding | — | 40.70 | 41.50 | 49.93 | 39.49 | 43.48 | 57.48 | 39.84 | 31.44 | 39.26 | 48.45 |
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 | 3.0% | 5.2% | 6.2% | 6.5% | 5.9% | 4.2% | 6.5% | 5.1% | 5.1% | 3.5% | 3.6% |
| Payout Ratio | 47.4% | 47.4% | 46.6% | 33.1% | 28.6% | 37.6% | — | 90.2% | 70.8% | 47.6% | 432.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 10.9% | 13.2% | 19.8% | 20.6% | 11.1% | — | 5.7% | 7.2% | 7.3% | 0.8% |
| FCF Yield | 7.7% | 12.8% | 20.8% | 15.5% | 23.9% | 19.3% | — | 9.5% | 11.4% | 4.0% | — |
| Buyback Yield | 3.5% | 5.8% | 6.4% | 5.3% | 11.6% | 6.2% | 1.2% | 4.4% | 6.7% | 2.3% | 0.0% |
| Total Shareholder Yield | 6.5% | 11.0% | 12.5% | 11.9% | 17.5% | 10.3% | 7.7% | 9.5% | 11.8% | 5.8% | 3.6% |
| Shares Outstanding | — | $1.2B | $1.3B | $1.3B | $1.4B | $1.5B | $1.5B | $1.6B | $1.6B | $1.7B | $1.6B |
Operational reliability and volatility
According to current market data, Suncor trades at a forward P/E of 5.94, which appears significantly discounted compared to US integrated majors like Chevron, likely reflecting investor caution regarding the higher carbon intensity and operational reliability risks inherent in the Canadian oil sands business model.
The valuation gap relative to peers suggests the market is pricing in a persistent risk premium for Suncor's asset base. While the forward EV/EBITDA of 3.70 indicates potential value, investors should monitor whether this discount is a structural feature of the Canadian energy sector or a temporary reaction to recent operational performance.
Based on reported financial figures, Suncor's ROIC has fluctuated between 3.7% and 5.9% over the last ten quarters, a performance that lags behind peers like Imperial Oil, suggesting that the company's massive capital reinvestment requirements may be diluting the overall return on invested capital.
The inability to consistently drive ROIC above the cost of capital warrants further investigation into the efficacy of recent capital allocation. It appears that the high fixed-cost nature of mining operations creates a hurdle that limits the company's ability to compound returns as effectively as less capital-intensive integrated peers.
As reported in recent quarterly filings, Suncor's cash conversion cycle has shown significant volatility, swinging from a negative 5 days to a positive 8 days, which highlights the operational challenges of managing inventory and payables across a complex, integrated mining and refining supply chain.
The wide variance in the cash conversion cycle suggests that Suncor's working capital efficiency is highly sensitive to maintenance turnarounds and production fluctuations. Investors should monitor whether the recent trend toward longer payment cycles indicates a strategic shift in supplier leverage or merely a response to temporary operational bottlenecks.
Data from recent balance sheets indicates that Suncor maintains a debt-to-equity ratio of 0.32, a figure that has remained remarkably stable over the last ten quarters, suggesting a disciplined approach to capital structure despite the inherent cyclicality and capital intensity of the oil sands industry.
This conservative leverage profile provides a necessary buffer against commodity price volatility and potential regulatory shocks. The interest coverage ratio, which has remained consistently above 10x in most periods, suggests that debt service remains well-supported, reducing the risk of financial distress during periods of lower crude pricing.
Based on an analysis of the business model, the P/E ratio is frequently misapplied to Suncor, as it fails to account for the massive non-cash depreciation and depletion charges associated with oil sands assets that significantly distort reported net income and mask true cash-generating capacity.
Investors should prioritize EV/EBITDA or P/FCF metrics, as these provide a clearer view of the company's ability to generate cash after accounting for the heavy sustaining capital expenditures required to maintain production. Relying on P/E may lead to an inaccurate assessment of the company's valuation relative to its actual economic performance.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SU stock.
Suncor Energy Inc.'s current P/E ratio is 15.7x. The historical average is 33.6x. This places it at the 43th percentile of its historical range.
Suncor Energy Inc.'s current EV/EBITDA is 4.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
Suncor Energy Inc.'s return on equity (ROE) is 13.2%. The historical average is 13.6%.
Based on historical data, Suncor Energy Inc. is trading at a P/E of 15.7x. This is at the 43th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Suncor Energy Inc.'s current dividend yield is 3.03% with a payout ratio of 47.4%.
Suncor Energy Inc. has 59.1% gross margin and 31.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Suncor Energy Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.