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Imperial Oil (HAM:IMP) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Imperial Oil Forward PE Ratio Related Terms
Imperial Oil Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Imperial Oil's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Imperial Oil Forward PE Ratio Chart
Imperial Oil Annual Data
Trend
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
6.84
7.78
11.42
15.22
Imperial Oil Quarterly Data
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
6.84
7.39
7.25
9.32
7.78
11.10
10.22
11.76
11.42
11.85
14.07
17.58
15.22
24.10
HAM:IMP vs XOM, CVX: Forward PE Ratio Comparison
For the Oil & Gas Integrated subindustry, Imperial Oil's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Imperial Oil Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Imperial Oil's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Imperial Oil's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Imperial Oil (HAM:IMP) has a Forward PE Ratio of 12.62 as of Jul. 16, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Imperial Oil and its competitors. According to the industry distribution chart, Imperial Oil ranks #309 out of 543 companies in the Oil & Gas industry, placing it in the top 56.9%.
Is Imperial Oil's Forward PE Ratio too high?
Imperial Oil's current Forward PE Ratio is 12.62. The Oil & Gas industry median Forward PE Ratio is 10.74. Imperial Oil's value of 12.62 is 17.5% above this industry median. Based on the distribution chart, Imperial Oil ranks #309 out of 543 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Imperial Oil has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Oil's Forward PE Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Imperial Oil ranks #309 out of 543 companies for Forward PE Ratio. This places Imperial Oil in the lower half of its industry. The industry median Forward PE Ratio is 10.74. Imperial Oil's value of 12.62 is 17.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.74, based on 543 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Imperial Oil's current Forward PE Ratio of 12.62 is 17.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Imperial Oil and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Oil's current Forward PE Ratio is 12.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Oil stock overvalued right now?
Imperial Oil (HAM:IMP) has a current Forward PE Ratio of 12.62. The stock's GF Value™ is €70.96, compared to a current price of €105.40 — trading 48.5% above its estimated fair value. The current Forward PE Ratio is 12.62 and 17.5% above the Oil & Gas industry median of 10.74. Imperial Oil's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Imperial Oil (HAM:IMP), the current Forward PE Ratio is 12.62 as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Imperial Oil (HAM:IMP) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued.
The current stock price of €105.40 is trading 48.5% above its estimated GF Value™ of €70.96.
Key valuation signals for HAM:IMP:
Forward PE Ratio: 12.62
GF Value™: €70.96 vs. price of €105.40 (48.5% above fair value)
Industry Position: 17.5% above the Oil & Gas median (#309 of 543)
No single metric tells the full story. See the HAM:IMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
77GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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