Stocktoria

VALERO ENERGY CORP/TX VLO

NYSE · stock · Petroleum Refining · website · IPO 1980-01-02

VALERO ENERGY CORP/TX statistics & valuation

Market cap$72.5B
P / E30.9×
P / S0.6×
P / B2.7×
Dividend yield1.94%
Net margin1.9%
Return on equity8.8%
Net debt$3.6B
Net debt / EBITDA0.6×
Enterprise value USD$76.1B
EV / EBITDA12×
Earnings yield EBIT/EV4.2%
Return on capital7.2%
Graham number -63.3%$121.10

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 ($121.10); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.00% 4.30% 2.70% 2.20% -2.20% 0.80% 6.50% 6.10% 2.10% 1.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
4.70% 3.80% 3.90% 3.50% -2.40% 1.90% 8.90% 8.20% 2.90% 2.60% 2016201720182019202020212022202320242025
Return on equity (%)
11.00% 17.80% 13.70% 10.70% -7.20% 4.70% 45.30% 31.00% 10.10% 8.80% 2016201720182019202020212022202320242025
Shares outstanding
464.0M 444.0M 428.0M 414.0M 407.0M 407.0M 396.0M 353.0M 322.0M 309.0M 2016201720182019202020212022202320242025
Net debt ($)
$3.11B $2.46B $5.52B $6.30B $9.70B $7.83B $4.38B $3.79B $3.43B $3.57B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.00% 8.10% 6.20% 4.50% -2.70% 1.60% 18.90% 14.00% 4.60% 4.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
4.70% 4.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.38× 0.36× 0.37× 0.39× 0.66× 0.60× 0.36× 0.32× 0.29× 0.31× 2016201720182019202020212022202320242025
EPS ($)
$4.94 $9.16 $7.29 $5.84 -$3.50 $2.27 $29.04 $24.92 $8.58 $7.57 2016201720182019202020212022202320242025

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

VALERO ENERGY CORP/TX trades at about 43.6× earnings — above its 10-year norm (10-year range 4.8×–36.6×, median 13.3×).

4.8× 43.6×

Shaded band = 10-year range (4.8×–36.6×); dot = today's 43.6×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin2.6%2.9%8.2%8.9%1.9%-2.4%3.5%3.9%3.8%4.7%
Net margin1.9%2.1%6.1%6.5%0.8%-2.2%2.2%2.7%4.3%3.0%
FCF margin————————4.4%4.7%
Return on assets4.0%4.6%14.0%18.9%1.6%-2.7%4.5%6.2%8.1%5.0%
Return on equity8.8%10.1%31.0%45.3%4.7%-7.2%10.7%13.7%17.8%11.0%
Debt / equity0.31×0.29×0.32×0.36×0.60×0.66×0.39×0.37×0.36×0.38×
Current ratio1.651.531.561.381.261.711.441.651.742.02

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