Ecopetrol (MEX:EC N) Shiller PE Ratio: 8.88 (As of Sep. 09, 2026) — Near Median

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MEX:EC N Ecopetrol SA MEX:EC N
64 GF Score
Price MXN289.00
GF Value MXN186.96
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ecopetrol Shiller PE Ratio?

Ecopetrol MEX:EC N 64 Shiller PE Ratio is 8.88 as of Sep. 09, 2026, which is 4% below its 10-year median of 9.21. GuruFocus rates MEX:EC N with a GF Score™ of 64/100 and a GF Value™ of MXN186.96 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 436 Oil & Gas companies, Ecopetrol ranks better than 85.32% on this metric.

As of today (2026-09-09), Ecopetrol's current share price is MXN289.00. Ecopetrol's E10 for the quarter that ended in Mar. 2026 was MXN32.54. Ecopetrol's Shiller PE Ratio for today is 8.88.

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

MEX:EC N' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.44   Med: 9.21   Max: 19.02
Current: 7.82

During the past years, Ecopetrol's highest Shiller PE Ratio was 19.02. The lowest was 5.44. And the median was 9.21.

MEX:EC N's Shiller PE Ratio is ranked better than
85.32% of 436 companies
in the Oil & Gas industry
Industry Median: 18.23 vs MEX:EC N: 7.82

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 MXN6.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is MXN32.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecopetrol  (MEX:EC N) 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

MEX:EC N 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.


MEX:EC N
64GF Score
Ecopetrol SA MEX:EC N
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
=289.00/32.54
=8.88

* 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)
=6.89/330.2130*330.2130
=6.890

Current CPI (Mar. 2026) = 330.2130.

Ecopetrol Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201606 2.275 241.018 3.117
201609 0.739 241.428 1.011
201612 0.607 241.432 0.830
201703 2.813 243.801 3.810
201706 3.769 244.955 5.081
201709 3.010 246.819 4.027
201712 10.861 246.524 14.548
201803 8.032 249.554 10.628
201806 11.644 251.989 15.259
201809 8.291 252.439 10.845
201812 8.905 251.233 11.704
201903 8.411 254.202 10.926
201906 9.654 256.143 12.446
201909 8.524 256.759 10.963
201912 13.820 256.974 17.759
202003 0.429 258.115 0.549
202006 0.075 257.797 0.096
202009 2.487 260.280 3.155
202012 1.833 260.474 2.324
202103 8.460 264.877 10.547
202106 9.815 271.696 11.929
202109 10.141 274.310 12.208
202112 15.386 278.802 18.223
202203 0.162 287.504 0.186
202206 27.164 296.311 30.272
202209 20.997 296.808 23.360
202212 13.622 296.797 15.156
202303 10.266 301.836 11.231
202306 7.686 305.109 8.318
202309 10.627 307.789 11.401
202312 8.716 306.746 9.383
202403 8.250 312.332 8.722
202406 7.806 314.175 8.204
202409 8.369 315.301 8.765
202412 8.919 315.605 9.332
202503 7.542 319.799 7.788
202506 4.110 322.561 4.208
202509 5.836 324.800 5.933
202512 3.575 324.054 3.643
202603 6.890 330.213 6.890

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 8.88 mean?
Ecopetrol (MEX:EC N) has a Shiller PE Ratio of 8.88 as of Sep. 09, 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 9.21. 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 #64 out of 436 companies in the Oil & Gas industry, placing it in the top 14.7%.
Is Ecopetrol's Shiller PE Ratio too high?
Ecopetrol's current Shiller PE Ratio of 8.88 is near median its 10-year median of 9.21. 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 18.23. Ecopetrol's value of 8.88 is 51.3% below this industry median. Based on the distribution chart, Ecopetrol ranks #64 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 64/100 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 #64 out of 436 companies for Shiller PE Ratio. This places Ecopetrol in the top 15% of its industry — outperforming the majority of peers. The industry median Shiller PE Ratio is 18.23. Ecopetrol's value of 8.88 is 51.3% 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 9.21 vs. the industry median of 18.23, 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 18.23, 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 8.88 is 51.3% 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 18.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecopetrol's current Shiller PE Ratio is 8.88, which is near median its own 10-year median of 9.21. 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 (MEX:EC N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN186.96, compared to a current price of MXN289.00 — trading 54.6% above its estimated fair value. The current Shiller PE Ratio is 8.88, which is near median its 10-year median of 9.21 and 51.3% below the Oil & Gas industry median of 18.23. Ecopetrol's overall GF Score™ is 64/100 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 (MEX:EC N), the current Shiller PE Ratio is 8.88 as of Sep. 09, 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 (MEX:EC N) Overvalued in 2026?

Based on GuruFocus' analysis, Ecopetrol stock appears to be overvalued. The current stock price of MXN289.00 is trading 54.6% above its estimated GF Value™ of MXN186.96. GuruFocus considers Ecopetrol to be Significantly Overvalued.

Key valuation signals for MEX:EC N:

  • Shiller PE Ratio: 8.88 (near median its 10-year median of 9.21)
  • GF Value™: MXN186.96 vs. price of MXN289.00 (54.6% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 51.3% below the Oil & Gas median (#64 of 436)

No single metric tells the full story. See the MEX:EC N 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.
64GF Score

Get the complete analysis for MEX:EC N

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

MXN289.00
Price
MXN186.96
GF Value