In the current session, the stock is trading at $35.78, after a 0.53% increase. Over the past month, BP Inc. (NYSE:BP) stock increased by 0.87%, and in the past year, by 5.51%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
Evaluating BP P/E in Comparison to Its Peers
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate ...