Using the industry peer median P/E multiple (trailing + forward), Expand Energy Corporation (EXE) has a fair value of $142.41 based on 5 comparable companies in the Oil & Gas Exploration & Production industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Expand Energy CorporationEXE | 27,047 | 14.9x | 12.5x |
| EQT CorporationEQT | 41,845 | 20.3x | 14.0x |
| Texas Pacific Land CorporationTPL | 36,176 | 75.3x | 80.0x |
| Halliburton CompanyHAL | 33,093 | 26.2x | 17.7x |
| Devon Energy CorporationDVN | 31,863 | 12.2x | 14.1x |
| Coterra Energy Inc.CTRA | 27,228 | 15.9x | 14.6x |
| Industry Median | 20.3x | 14.6x | |
| (*) Profit after tax | 1,819 | 2,169 | |
| Equity Value | 36,836 | 31,626 | |
| (/) Outstanding shares | 240 | 240 | |
| Fair Price | $153 | $132 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.