Superworth

APA price to book ratio APA

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
2.6×
10-year median
2.1×
Against its 10-year history
67th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.6× to 17.7×
Peer median
1.6×

APA's price to book ratio is 2.6× as of Oct 23, 2026.

That is above its ten-year median of 2.1×, higher than on 67% of days in the last ten years.

Over that time it ranged from 0.6× in Mar 2020 to 17.7× in Jun 2022.

The median for 10 oil and gas producers of a similar size is 1.6×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far2.6×1.5×2.6×
20251.4×1.0×1.9×
20241.7×1.6×3.4×
20233.6×3.4×8.0×
20228.2×6.9×17.7×
2021n/m a value too high to mean anything
20201.3×0.6×2.9×
20191.6×1.2×1.9×
20181.3×1.3×2.6×
20172.3×2.1×3.7×
20163.7×1.4×10.9×
20151.7×0.7×1.9×
20140.8×0.7×1.2×
20131.0×0.9×1.1×
20121.0×1.0×1.5×
20111.2×1.2×2.1×
20102.0×1.7×2.4×
20092.3×1.9×2.3×

Against its peers

Companies in Oil & Gas Exploration & Production nearest APA's size, closest first, today.

CompanyPrice to book ratio
APAAPA2.6×
VNOMViper Energy3.3×
OVVOvintiv1.7×
PRPermian Resources1.8×
EXEExpand Energy1.1×
TPLTexas Pacific Land14.0×
ARANTERO RESOURCES1.5×
RRCRange Resources2.3×
SMSM Energy1.2×
EQTEQT1.4×
CHRDChord Energy1.0×
Peer median1.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on APA

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.