Start with its own history
At 13.33×, PXD is 38.8% below its 7-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · PXDOil & Gas Exploration & ProductionUpdated Oct 15, 2026
Pioneer Natural Resources Company P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.33×
38.8% belowthe 7-observation annual average
Share price269.62
÷Earnings per share20.22
Price and EPS in quote currency. Calculation details
Investors are paying 13.33 for every 1 of reported earnings per share.
P/E over time
2014 – 2023
Annual P/ESelected-period average 21.78×
3-year average12.61×3 positive annual observations
5-year average17.66×4 positive annual observations
10-year average21.78×7 positive annual observations
Peer median · TTM10.00×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2023 | 10.77× | +53.9% |
| Dec 31, 2022 | 7.00× | -65.1% |
| Dec 31, 2021 | 20.05× | N/M |
| Dec 31, 2020 | N/M | N/M |
| Dec 31, 2019 | 32.84× | +42.8% |
| Dec 31, 2018 | 22.99× | -35.4% |
| Dec 31, 2017 | 35.57× | N/M |
| Dec 31, 2016 | N/M | N/M |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2015 | N/M | N/M |
| Dec 31, 2014 | 23.26× | N/M |
| Dec 31, 2013 | N/M | N/M |
| Dec 31, 2012 | 69.21× | +442.2% |
| Dec 31, 2011 | 12.76× | -24.4% |
| Dec 31, 2010 | 16.89× | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | 9.19× | -41.6% |
| Dec 31, 2007 | 15.75× | +136.2% |
| Dec 31, 2006 | 6.67× | -49.3% |
| Dec 31, 2005 | 13.15× | -6.4% |
| Dec 31, 2004 | 14.04× | +53.9% |
| Dec 31, 2003 | 9.12× | -91.3% |
| Dec 31, 2002 | 105.21× | +451.7% |
| Dec 31, 2001 | 19.07× | +48.2% |
| Dec 31, 2000 | 12.87× | N/M |
| Dec 31, 1999 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How PXD compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 PXD This stockPioneer Natural Resources Company | 13.33× |
 HESHess Corporation | 16.52× |
 ETEnergy Transfer LP | 12.57× |
 ENBAEnbridge Inc. 6.375 SNT18 B 78 | 22.46× |
 MROMarathon Oil Corporation | 11.15× |
 ERFEnerplus Corporation | 8.86× |
 EXEExpand Energy Corporation | 7.98× |
 CEOCNOOC Limited | 6.84× |
 ESTEEarthstone Energy, Inc. | 3.05× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does PXD’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 10.00×. 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 PXD 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("PXD", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 269.62 ÷ EPS 20.22 = 13.33×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 15, 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.
PXD P/E ratio: common questions
The essentials behind the numbers.
Pioneer Natural Resources Company's current P/E is 13.33× based on the quote data last updated Oct 15, 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.