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APA Corp APA

Nasdaq · stock · Crude Petroleum & Natural Gas · website · IPO 1969-05-27 · LEI

APA Corp statistics & valuation

P / E8.1×
P / B1.7×
Return on capital20.3%
Graham number +4.7%$41.85

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($41.85); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2019202020212022202320242025
Operating margin (%)
2019202020212022202320242025
Return on equity (%)
77.40% 12.60% 20.50% 2019202020212022202320242025
Shares outstanding
377.0M 378.0M 375.0M 333.0M 309.0M 365.4M 359.0M 2019202020212022202320242025
Net debt ($)
$8.51B 2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
18.70% 4.10% 8.10% 2019202020212022202320242025
Free cash flow margin (%)
2019202020212022202320242025
Debt / equity (×)
2019202020212022202320242025
EPS ($)
-$9.43 -$12.86 $2.59 $11.02 $9.25 $2.27 $3.99 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

APA Corp trades at about 10× earnings — above its 10-year norm (10-year range 3.4×–12.8×, median 6.6×).

3.4× 12.8×

Shaded band = 10-year range (3.4×–12.8×); dot = today's 10×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on assets8.1%4.1%18.7%
Return on equity20.5%12.6%77.4%
Debt / equity-5.35×
Current ratio0.821.151.020.931.121.41

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.