Imperial Oil Limited

NYSEAM:IMO Stock Report

Market Cap: US$62.0b

Imperial Oil Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: IMO ($129.18) is trading below our estimate of future cash flow value ($216.51)

Significantly Below Future Cash Flow Value: IMO is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for IMO. This is calculated by dividing IMO's market cap by their current earnings.
What is IMO's PE Ratio?
PE Ratio26.5x
EarningsCA$3.27b
Market CapCA$85.83b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IMO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.7x
OXY Occidental Petroleum
42.6x23.50%US$58.0b
CVX Chevron
30.5x9.94%US$379.2b
XOM Exxon Mobil
22x7.56%US$644.4b
ET Energy Transfer
15.8x10.75%US$65.7b
IMO Imperial Oil
26.5x4.24%US$85.8b

Price-To-Earnings vs Peers: IMO is good value based on its Price-To-Earnings Ratio (26.5x) compared to the peer average (27.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNNE.Q Canacol Energy
0.2xn/aUS$10.58m
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
RUBI Rubico
1.1xn/aUS$2.96m
BYRO.F Byron Energy
0.03x-10.28%US$312.17k
IMO 26.5xIndustry Avg. 15.1xNo. of Companies17PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IMO is expensive based on its Price-To-Earnings Ratio (26.5x) compared to the US Oil and Gas industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is IMO'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.

IMO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.5x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: IMO is expensive based on its Price-To-Earnings Ratio (26.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

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 IMO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$129.18
US$103.51
-19.87%
21.84%US$153.19US$79.49n/a16
Apr ’27US$128.96
US$95.45
-25.98%
20.97%US$152.37US$77.62n/a16
Mar ’27US$117.30
US$86.41
-26.33%
12.93%US$113.11US$71.52n/a17
Feb ’27US$101.25
US$82.60
-18.42%
11.06%US$102.82US$67.57n/a17
Jan ’27US$86.31
US$82.33
-4.61%
9.45%US$95.44US$67.03n/a17
Dec ’26US$98.20
US$80.49
-18.03%
9.82%US$94.08US$65.57n/a17
Nov ’26US$88.21
US$79.35
-10.04%
11.27%US$94.11US$57.75n/a17
Oct ’26US$90.01
US$78.72
-12.55%
12.08%US$94.87US$58.21n/a17
Sep ’26US$90.78
US$77.26
-14.90%
11.46%US$94.69US$58.55n/a17
Aug ’26US$83.32
US$75.94
-8.86%
11.34%US$90.60US$57.99n/a17
Jul ’26US$80.44
US$73.72
-8.36%
11.09%US$86.86US$58.39n/a18
Jun ’26US$71.35
US$72.58
+1.72%
10.91%US$85.45US$57.93n/a18
May ’26US$68.07
US$71.63
+5.24%
11.53%US$85.24US$57.07n/a18
Apr ’26US$72.89
US$71.99
-1.24%
8.95%US$82.47US$62.90US$128.9617
Mar ’26US$67.84
US$72.83
+7.36%
8.38%US$84.13US$63.10US$117.3017
Feb ’26US$66.64
US$71.34
+7.05%
8.44%US$82.55US$61.91US$101.2517
Jan ’26US$61.60
US$71.39
+15.89%
8.45%US$83.38US$61.84US$86.3119
Dec ’25US$73.92
US$73.77
-0.21%
8.97%US$85.31US$63.98US$98.2019
Nov ’25US$70.72
US$73.67
+4.17%
9.12%US$85.98US$64.49US$88.2119
Oct ’25US$73.59
US$74.47
+1.20%
7.59%US$85.24US$66.71US$90.0119
Sep ’25US$75.23
US$74.16
-1.43%
8.07%US$84.04US$65.77US$90.7819
Aug ’25US$69.11
US$72.64
+5.11%
8.81%US$83.14US$62.90US$83.3219
Jul ’25US$67.33
US$72.10
+7.09%
9.95%US$87.20US$63.22US$80.4418
Jun ’25US$70.50
US$73.01
+3.56%
9.76%US$87.95US$63.77US$71.3518
May ’25US$67.39
US$71.84
+6.60%
10.69%US$87.16US$58.83US$68.0718
Apr ’25US$69.84
US$66.77
-4.40%
8.28%US$84.91US$59.80US$72.8917
US$103.42
Fair Value
24.9% overvalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/10 05:15
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Imperial Oil Limited is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Cormark
Yim ChengBarclays