Exxon Mobil Corporation

DB:XONA Stock Report

Market Cap: €418.4b

Exxon Mobil Valuation

Is XONA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of XONA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€274.85
Fair Value
63.6% undervalued intrinsic discount
25
Number of Analysts

Below Fair Value: XONA (€100) is trading below our estimate of fair value (€274.85)

Significantly Below Fair Value: XONA is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for XONA?

Key metric: As XONA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for XONA. This is calculated by dividing XONA's market cap by their current earnings.
What is XONA's PE Ratio?
PE Ratio16.1x
EarningsUS$29.95b
Market CapUS$482.26b

Price to Earnings Ratio vs Peers

How does XONA's PE Ratio compare to its peers?

The above table shows the PE ratio for XONA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
CVX Chevron
25.1x12.82%US$320.1b
857 PetroChina
8.5x-0.67%HK$1.8t
SHEL Shell
14.8x8.32%UK£164.7b
2222 Saudi Arabian Oil
17x3.32%ر.س6.2t
XONA Exxon Mobil
16.1x7.53%€482.3b

Price-To-Earnings vs Peers: XONA is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (16.4x).


Price to Earnings Ratio vs Industry

How does XONA's PE Ratio compare vs other companies in the European Oil and Gas Industry?

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XONA 16.1xIndustry Avg. 13.7xNo. of Companies12PE0612182430+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XONA is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the European Oil and Gas industry average (13.7x).


Price to Earnings Ratio vs Fair Ratio

What is XONA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

XONA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio35.4x

Price-To-Earnings vs Fair Ratio: XONA is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (35.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst XONA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€100.00
€110.07
+10.07%
8.85%€135.33€91.09n/a25
Oct ’26€94.99
€106.37
+11.98%
9.21%€123.51€80.92n/a24
Sep ’26€97.39
€107.07
+9.94%
9.52%€124.41€81.51n/a24
Aug ’26€94.52
€106.91
+13.10%
8.64%€120.90€82.04n/a24
Jul ’26€92.81
€105.33
+13.49%
8.82%€120.56€80.66n/a26
Jun ’26€90.62
€108.77
+20.03%
8.74%€123.16€83.57n/a26
May ’26€95.12
€109.52
+15.14%
8.66%€126.55€81.73n/a25
Apr ’26€110.00
€119.66
+8.78%
7.77%€135.33€97.32n/a26
Mar ’26€105.30
€123.26
+17.05%
8.08%€139.23€100.13n/a26
Feb ’26€103.20
€124.87
+21.00%
7.79%€141.81€101.29n/a26
Jan ’26€102.42
€125.52
+22.55%
7.82%€141.78€101.27n/a25
Dec ’25€111.72
€125.72
+12.53%
8.13%€142.22€100.22n/a26
Nov ’25€106.90
€120.90
+13.10%
8.11%€137.62€96.98€100.0026
Oct ’25€108.30
€117.38
+8.38%
7.84%€133.82€98.79€94.9925
Sep ’25€106.76
€119.43
+11.86%
8.46%€141.36€99.04€97.3925
Aug ’25€109.10
€121.83
+11.67%
8.65%€140.55€101.05€94.5225
Jul ’25€107.00
€123.39
+15.32%
8.36%€143.70€106.37€92.8124
Jun ’25€105.60
€122.50
+16.00%
8.58%€140.10€101.39€90.6224
May ’25€111.64
€122.38
+9.62%
9.10%€140.52€103.05€95.1224
Apr ’25€107.30
€115.57
+7.70%
8.24%€138.12€97.34€110.0023
Mar ’25€97.57
€115.27
+18.14%
9.15%€138.30€97.46€105.3024
Feb ’25€94.09
€114.49
+21.68%
9.06%€137.36€96.80€103.2024
Jan ’25€90.96
€114.16
+25.51%
9.65%€135.80€95.06€102.4224
Dec ’24€94.50
€116.85
+23.65%
8.99%€137.93€101.15€111.7224
Nov ’24€100.98
€120.18
+19.01%
9.86%€141.95€104.09€106.9024
€110.95
Fair Value
9.9% undervalued intrinsic discount
25
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 20:49
End of Day Share Price 2025/10/31 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Exxon Mobil Corporation is covered by 49 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Wei JiangBarclays
Yim ChengBarclays