APA CORP (APA) Fundamental Analysis & Valuation
NASDAQ:APA • US03743Q1085
32.59 USD
-0.09 (-0.28%)
At close: Mar 9, 2026
32.1017 USD
-0.49 (-1.5%)
After Hours: 3/9/2026, 8:00:01 PM
This APA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 5 out of 10 to APA. APA was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. While APA has a great profitability rating, there are some minor concerns on its financial health. APA has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. APA Profitability Analysis
1.1 Basic Checks
- In the past year APA was profitable.
- In the past year APA had a positive cash flow from operations.
- In the past 5 years APA has always been profitable.
- APA had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- APA has a Return On Assets of 8.53%. This is amongst the best in the industry. APA outperforms 85.51% of its industry peers.
- APA has a Return On Equity of 25.30%. This is amongst the best in the industry. APA outperforms 90.34% of its industry peers.
- With an excellent Return On Invested Capital value of 13.06%, APA belongs to the best of the industry, outperforming 90.82% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for APA is significantly below the industry average of 22.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 25.3% | ||
| ROIC | 13.06% |
ROA(3y)10.32%
ROA(5y)13.24%
ROE(3y)48.77%
ROE(5y)N/A
ROIC(3y)14.26%
ROIC(5y)18.46%
1.3 Margins
- The Profit Margin of APA (15.65%) is better than 66.67% of its industry peers.
- In the last couple of years the Profit Margin of APA has declined.
- APA has a better Operating Margin (30.75%) than 74.88% of its industry peers.
- APA's Operating Margin has improved in the last couple of years.
- APA has a Gross Margin of 69.21%. This is in the better half of the industry: APA outperforms 77.29% of its industry peers.
- In the last couple of years the Gross Margin of APA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.75% | ||
| PM (TTM) | 15.65% | ||
| GM | 69.21% |
OM growth 3Y-12.55%
OM growth 5Y45.45%
PM growth 3Y-21.45%
PM growth 5YN/A
GM growth 3Y0.1%
GM growth 5Y1.35%
2. APA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so APA is creating value.
- Compared to 1 year ago, APA has less shares outstanding
- The number of shares outstanding for APA has been reduced compared to 5 years ago.
- Compared to 1 year ago, APA has an improved debt to assets ratio.
2.2 Solvency
- APA has an Altman-Z score of 1.57. This is a bad value and indicates that APA is not financially healthy and even has some risk of bankruptcy.
- APA has a Altman-Z score (1.57) which is comparable to the rest of the industry.
- APA has a debt to FCF ratio of 0.94. This is a very positive value and a sign of high solvency as it would only need 0.94 years to pay back of all of its debts.
- APA's Debt to FCF ratio of 0.94 is amongst the best of the industry. APA outperforms 87.92% of its industry peers.
- APA has a Debt/Equity ratio of 0.72. This is a neutral value indicating APA is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.72, APA is doing worse than 61.35% of the companies in the same industry.
- Although APA's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 0.94 | ||
| Altman-Z | 1.57 |
ROIC/WACC1.74
WACC7.49%
2.3 Liquidity
- APA has a Current Ratio of 0.78. This is a bad value and indicates that APA is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.78, APA is not doing good in the industry: 69.08% of the companies in the same industry are doing better.
- A Quick Ratio of 0.63 indicates that APA may have some problems paying its short term obligations.
- APA has a worse Quick ratio (0.63) than 69.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.63 |
3. APA Growth Analysis
3.1 Past
- APA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.80%.
- Measured over the past years, APA shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.32% on average per year.
- The Revenue has decreased by -8.39% in the past year.
- APA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.00% yearly.
EPS 1Y (TTM)0.8%
EPS 3Y-21.32%
EPS 5YN/A
EPS Q2Q%15.19%
Revenue 1Y (TTM)-8.39%
Revenue growth 3Y-6.96%
Revenue growth 5Y15%
Sales Q2Q%-0.56%
3.2 Future
- Based on estimates for the next years, APA will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.64% on average per year.
- APA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.87% yearly.
EPS Next Y-40.76%
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%
EPS Next 5Y9.64%
Revenue Next Year-17.39%
Revenue Next 2Y-7.27%
Revenue Next 3Y-2.49%
Revenue Next 5Y-0.87%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. APA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 8.64, the valuation of APA can be described as reasonable.
- APA's Price/Earnings ratio is rather cheap when compared to the industry. APA is cheaper than 89.37% of the companies in the same industry.
- APA is valuated cheaply when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 14.59, APA is valued correctly.
- Based on the Price/Forward Earnings ratio, APA is valued a bit cheaper than the industry average as 66.18% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, APA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.64 | ||
| Fwd PE | 14.59 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, APA is valued cheaper than 96.14% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, APA is valued cheaper than 98.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.42 | ||
| EV/EBITDA | 2.9 |
4.3 Compensation for Growth
- The decent profitability rating of APA may justify a higher PE ratio.
- APA's earnings are expected to decrease with -6.92% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%
5. APA Dividend Analysis
5.1 Amount
- APA has a Yearly Dividend Yield of 3.09%.
- APA's Dividend Yield is comparable with the industry average which is at 3.41.
- APA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
5.2 History
- The dividend of APA has a limited annual growth rate of 1.06%.
- APA has been paying a dividend for at least 10 years, so it has a reliable track record.
- APA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.06%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- 24.12% of the earnings are spent on dividend by APA. This is a low number and sustainable payout ratio.
- APA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.12%
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%
APA Fundamentals: All Metrics, Ratios and Statistics
32.59
-0.09 (-0.28%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-25 2026-02-25/amc
Earnings (Next)05-05 2026-05-05/amc
Inst Owners99.19%
Inst Owner Change-0.45%
Ins Owners0.21%
Ins Owner Change2.21%
Market Cap11.51B
Revenue(TTM)8.92B
Net Income(TTM)1.51B
Analysts64.71
Price Target26.8 (-17.77%)
Short Float %10.56%
Short Ratio5.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
Yearly Dividend1.06
Dividend Growth(5Y)1.06%
DP24.12%
Div Incr Years0
Div Non Decr Years3
Ex-Date04-22 2026-04-22 (0.25)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)48.1%
Min EPS beat(2)16.68%
Max EPS beat(2)79.53%
EPS beat(4)3
Avg EPS beat(4)25.8%
Min EPS beat(4)-19.51%
Max EPS beat(4)79.53%
EPS beat(8)4
Avg EPS beat(8)11.4%
EPS beat(12)8
Avg EPS beat(12)12.67%
EPS beat(16)10
Avg EPS beat(16)8.65%
Revenue beat(2)2
Avg Revenue beat(2)13.62%
Min Revenue beat(2)1.54%
Max Revenue beat(2)25.7%
Revenue beat(4)2
Avg Revenue beat(4)2.21%
Min Revenue beat(4)-12.36%
Max Revenue beat(4)25.7%
Revenue beat(8)3
Avg Revenue beat(8)-3.93%
Revenue beat(12)6
Avg Revenue beat(12)-0.81%
Revenue beat(16)10
Avg Revenue beat(16)3.56%
PT rev (1m)1.24%
PT rev (3m)3.08%
EPS NQ rev (1m)-4.1%
EPS NQ rev (3m)-13.2%
EPS NY rev (1m)-3.93%
EPS NY rev (3m)-22.91%
Revenue NQ rev (1m)0.81%
Revenue NQ rev (3m)-5.78%
Revenue NY rev (1m)3.2%
Revenue NY rev (3m)-5.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.64 | ||
| Fwd PE | 14.59 | ||
| P/S | 1.19 | ||
| P/FCF | 2.42 | ||
| P/OCF | 2.41 | ||
| P/B | 1.93 | ||
| P/tB | 1.93 | ||
| EV/EBITDA | 2.9 |
EPS(TTM)3.77
EY11.57%
EPS(NY)2.23
Fwd EY6.85%
FCF(TTM)13.46
FCFY41.29%
OCF(TTM)13.51
OCFY41.46%
SpS27.29
BVpS16.89
TBVpS16.89
PEG (NY)N/A
PEG (5Y)N/A
Graham Number37.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 25.3% | ||
| ROCE | 19.57% | ||
| ROIC | 13.06% | ||
| ROICexc | 13.48% | ||
| ROICexgc | 13.48% | ||
| OM | 30.75% | ||
| PM (TTM) | 15.65% | ||
| GM | 69.21% | ||
| FCFM | 49.31% |
ROA(3y)10.32%
ROA(5y)13.24%
ROE(3y)48.77%
ROE(5y)N/A
ROIC(3y)14.26%
ROIC(5y)18.46%
ROICexc(3y)14.61%
ROICexc(5y)18.93%
ROICexgc(3y)14.61%
ROICexgc(5y)18.93%
ROCE(3y)21.37%
ROCE(5y)27.67%
ROICexgc growth 3Y-28.44%
ROICexgc growth 5Y58.41%
ROICexc growth 3Y-28.44%
ROICexc growth 5Y58.41%
OM growth 3Y-12.55%
OM growth 5Y45.45%
PM growth 3Y-21.45%
PM growth 5YN/A
GM growth 3Y0.1%
GM growth 5Y1.35%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 0.94 | ||
| Debt/EBITDA | 0.8 | ||
| Cap/Depr | 0.79% | ||
| Cap/Sales | 0.2% | ||
| Interest Coverage | 9.29 | ||
| Cash Conversion | 89.12% | ||
| Profit Quality | 315.04% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 1.57 |
F-Score6
WACC7.49%
ROIC/WACC1.74
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.8%
EPS 3Y-21.32%
EPS 5YN/A
EPS Q2Q%15.19%
EPS Next Y-40.76%
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%
EPS Next 5Y9.64%
Revenue 1Y (TTM)-8.39%
Revenue growth 3Y-6.96%
Revenue growth 5Y15%
Sales Q2Q%-0.56%
Revenue Next Year-17.39%
Revenue Next 2Y-7.27%
Revenue Next 3Y-2.49%
Revenue Next 5Y-0.87%
EBIT growth 1Y-9.93%
EBIT growth 3Y-18.64%
EBIT growth 5Y67.27%
EBIT Next Year59.04%
EBIT Next 3Y22.39%
EBIT Next 5Y16.93%
FCF growth 1Y51.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y32.07%
OCF growth 3YN/A
OCF growth 5YN/A
APA CORP / APA FAQ
Can you provide the ChartMill fundamental rating for APA CORP?
ChartMill assigns a fundamental rating of 5 / 10 to APA.
What is the valuation status for APA stock?
ChartMill assigns a valuation rating of 6 / 10 to APA CORP (APA). This can be considered as Fairly Valued.
Can you provide the profitability details for APA CORP?
APA CORP (APA) has a profitability rating of 7 / 10.
What is the valuation of APA CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for APA CORP (APA) is 8.64 and the Price/Book (PB) ratio is 1.93.
Can you provide the expected EPS growth for APA stock?
The Earnings per Share (EPS) of APA CORP (APA) is expected to decline by -40.76% in the next year.