Start with its own history
At 22.89×, PHX is 42.7% below its 6-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · PHXOil & Gas Exploration & ProductionUpdated Nov 4, 2026
PHX Minerals Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
22.89×
42.7% belowthe 6-observation annual average
Share price4.35
÷Earnings per share0.19
Price and EPS in quote currency. Calculation details
Investors are paying 22.89 for every 1 of reported earnings per share.
P/E over time
2015 – 2024
Annual P/ESelected-period average 39.92×
3-year average25.45×3 positive annual observations
5-year average25.45×3 positive annual observations
10-year average39.92×6 positive annual observations
Peer median · TTM11.04×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2024 | 62.60× | +658.2% |
| Dec 31, 2023 | 8.26× | +50.3% |
| Sep 30, 2022 | 5.49× | N/M |
| Sep 30, 2021 | N/M | N/M |
| Sep 30, 2020 | N/M | N/M |
| Sep 30, 2019 | N/M | N/M |
| Sep 30, 2018 | 21.00× | -81.5% |
| Sep 30, 2017 | 113.33× | N/M |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2016 | N/M | N/M |
| Sep 30, 2015 | 28.86× | +44.0% |
| Sep 30, 2014 | 20.03× | +19.0% |
| Sep 30, 2013 | 16.83× | -52.8% |
| Sep 30, 2012 | 35.66× | +28.2% |
| Sep 30, 2011 | 27.82× | +53.2% |
| Sep 30, 2010 | 18.16× | N/M |
| Sep 30, 2009 | N/M | N/M |
| Sep 30, 2008 | 11.28× | -65.4% |
| Sep 30, 2007 | 32.58× | +128.1% |
| Sep 30, 2006 | 14.29× | -15.9% |
| Sep 30, 2005 | 16.98× | +58.0% |
| Sep 30, 2004 | 10.75× | +36.3% |
| Sep 30, 2003 | 7.89× | -90.8% |
| Sep 30, 2002 | 85.45× | +1069.3% |
| Sep 30, 2001 | 7.31× | -29.0% |
| Sep 30, 2000 | 10.29× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How PHX compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 PHX This stockPHX Minerals Inc. | 22.89× |
 PFIEProfire Energy, Inc. | 11.04× |
 SPWRSunPower Inc. | N/M |
 DLNGDynagas LNG Partners LP | 1.69× |
 AEAdams Resources & Energy, Inc. | 454.31× |
 BROGBrooge Energy Limited | 52.00× |
 CEICamber Energy, Inc. | N/M |
 NEHCNew Era Helium, Inc. | N/M |
 GPPGreen Plains Partners LP | 7.16× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does PHX’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 11.04×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take PHX into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("PHX", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 4.35 ÷ EPS 0.19 = 22.89×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
PHX P/E ratio: common questions
The essentials behind the numbers.
PHX Minerals Inc.'s current P/E is 22.89× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.