EC (Ecopetrol) Shiller PE Ratio: 9.29 (As of Aug. 21, 2026) — Near Median

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EC Ecopetrol SA EC
61 GF Score
Price $17.65
GF Value $11.68
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ecopetrol Shiller PE Ratio?

Ecopetrol EC -1.34% 61 Shiller PE Ratio is 9.29 as of Aug. 21, 2026, which is 1% above its 10-year median of 9.24. GuruFocus rates EC with a GF Score™ of 61/100 and a GF Value™ of $11.68 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 436 Oil & Gas companies, Ecopetrol ranks better than 84.4% on this metric.

As of today (2026-08-21), Ecopetrol's current share price is $17.65. Ecopetrol's E10 for the quarter that ended in Mar. 2026 was $1.90. Ecopetrol's Shiller PE Ratio for today is 9.29.

The historical rank and industry rank for Ecopetrol's Shiller PE Ratio or its related term are showing as below:

EC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.44   Med: 9.24   Max: 19.02
Current: 7.61

During the past years, Ecopetrol's highest Shiller PE Ratio was 19.02. The lowest was 5.44. And the median was 9.24.

EC's Shiller PE Ratio is ranked better than
84.4% of 436 companies
in the Oil & Gas industry
Industry Median: 17.77 vs EC: 7.61

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ecopetrol's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.382. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecopetrol  (NYSE:EC) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Ecopetrol Shiller PE Ratio Related Terms


Ecopetrol Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Ecopetrol's Shiller 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.

Ecopetrol Shiller PE Ratio Chart

Ecopetrol Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.68 9.16 8.42 5.61 5.47

Ecopetrol Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.70 5.84 5.93 5.47 7.91

EC vs XOM, CVX: Shiller PE Ratio Comparison

For the Oil & Gas Integrated subindustry, Ecopetrol's Shiller PE Ratio, along with its competitors' market caps and Shiller 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.


Ecopetrol Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ecopetrol's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ecopetrol's Shiller PE Ratio falls into.


EC
61GF Score
Ecopetrol SA EC
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ecopetrol Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ecopetrol's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=17.65/1.90
=9.29

* 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.

Ecopetrol's E10 for the quarter that ended in Mar. 2026 is calculated as:

For example, Ecopetrol's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.382/330.2130*330.2130
=0.382

Current CPI (Mar. 2026) = 330.2130.

Ecopetrol Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201606 0.123 241.018 0.169
201609 0.038 241.428 0.052
201612 0.029 241.432 0.040
201703 0.149 243.801 0.202
201706 0.209 244.955 0.282
201709 0.166 246.819 0.222
201712 0.553 246.524 0.741
201803 0.442 249.554 0.585
201806 0.593 251.989 0.777
201809 0.443 252.439 0.579
201812 0.454 251.233 0.597
201903 0.434 254.202 0.564
201906 0.503 256.143 0.648
201909 0.432 256.759 0.556
201912 0.733 256.974 0.942
202003 0.018 258.115 0.023
202006 0.003 257.797 0.004
202009 0.113 260.280 0.143
202012 0.092 260.474 0.117
202103 0.414 264.877 0.516
202106 0.493 271.696 0.599
202109 0.493 274.310 0.593
202112 0.750 278.802 0.888
202203 0.008 287.504 0.009
202206 1.350 296.311 1.504
202209 1.044 296.808 1.161
202212 0.699 296.797 0.778
202303 0.570 301.836 0.624
202306 0.448 305.109 0.485
202309 0.610 307.789 0.654
202312 0.513 306.746 0.552
202403 0.497 312.332 0.525
202406 0.426 314.175 0.448
202409 0.425 315.301 0.445
202412 0.428 315.605 0.448
202503 0.369 319.799 0.381
202506 0.218 322.561 0.223
202509 0.318 324.800 0.323
202512 0.199 324.054 0.203
202603 0.382 330.213 0.382

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 9.29 mean?
Ecopetrol (EC) has a Shiller PE Ratio of 9.29 as of Aug. 21, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Ecopetrol and its competitors. This is near median its historical median of 9.24. Over the past decade, Ecopetrol's Shiller PE Ratio has ranged from 5.44 to 19.02. According to the industry distribution chart, Ecopetrol ranks #68 out of 436 companies in the Oil & Gas industry, placing it in the top 15.6%.
Is Ecopetrol's Shiller PE Ratio too high?
Ecopetrol's current Shiller PE Ratio of 9.29 is near median its 10-year median of 9.24. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 19.02. The Oil & Gas industry median Shiller PE Ratio is 17.77. Ecopetrol's value of 9.29 is 47.7% below this industry median. Based on the distribution chart, Ecopetrol ranks #68 out of 436 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ecopetrol has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecopetrol's Shiller PE Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Ecopetrol ranks #68 out of 436 companies for Shiller PE Ratio. This places Ecopetrol in the top 16% of its industry — outperforming the majority of peers. The industry median Shiller PE Ratio is 17.77. Ecopetrol's value of 9.29 is 47.7% below this benchmark. Historically, Ecopetrol's own Shiller PE Ratio has ranged from 5.44 to 19.02 over the past decade. While the company's 10-year median is 9.24 vs. the industry median of 17.77, Ecopetrol has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shiller PE Ratio for an Oil & Gas company?
The median Shiller PE Ratio among Oil & Gas companies is 17.77, based on 436 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ecopetrol's current Shiller PE Ratio of 9.29 is 47.7% below 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Ecopetrol and its competitors. For the Oil & Gas industry, the median Shiller PE Ratio is 17.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecopetrol's current Shiller PE Ratio is 9.29, which is near median its own 10-year median of 9.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecopetrol stock overvalued right now?
Based on GuruFocus' analysis, Ecopetrol (EC) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.68, compared to a current price of $17.65 — trading 51.1% above its estimated fair value. The current Shiller PE Ratio is 9.29, which is near median its 10-year median of 9.24 and 47.7% below the Oil & Gas industry median of 17.77. Ecopetrol's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Ecopetrol (EC), the current Shiller PE Ratio is 9.29 as of Aug. 21, 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 Ecopetrol (EC) Overvalued in 2026?

Based on GuruFocus' analysis, Ecopetrol stock appears to be overvalued. The current stock price of $17.65 is trading 51.1% above its estimated GF Value™ of $11.68. GuruFocus considers Ecopetrol to be Significantly Overvalued.

Key valuation signals for EC:

  • Shiller PE Ratio: 9.29 (near median its 10-year median of 9.24)
  • GF Value™: $11.68 vs. price of $17.65 (51.1% above fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 47.7% below the Oil & Gas median (#68 of 436)

No single metric tells the full story. See the EC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ecopetrol Business Description

Industry EnergyOil & Gas
Address Carrera 13 No. 36 - 24, Main Building, Bogota, COL
Ecopetrol SA is engaged in commercial and industrial activities related to the exploration, exploitation, refining, transportation, storage, distribution, and marketing of hydrocarbons, their derivatives, and products, as well as the electric power transmission services, design, development, construction, operation, and maintenance of road and energy infrastructure projects and the provision of information technology and telecommunications services. The operations of the company are performed through four business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of the company's revenue is generated from the Exploration and Production segment.
61GF Score

Get the complete analysis for EC

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.65
Price
$11.68
GF Value