Should You Invest in ExxonMobil Stock Right Now?
ExxonMobil (NYSE: XOM) has financial interests in clean-energy sources, but for the foreseeable future, the company's bread and butter will be its fossil-fuel revenue. Hence, geopolitical disruptions and petroleum-market merger and acquisition (M&A) activity are top-of-mind for ExxonMobil stock traders in 2023's final quarter.
At the same time, investors shouldn't ignore foundational priorities like value and yield. If ExxonMobil stock is suddenly down, even while the company's profit prospects are on the rise, perhaps the market is handing you a pre-holiday gift that you mustn't refuse.
When assessing ExxonMobil's value proposition to investors, a natural place to start is with traditional metrics. As it turns out, ExxonMobil's generally accepted accounting principles-measured (GAAP-measured) trailing-12-month price-to-earnings (P/E) ratio of 8.8 is roughly in line with the sector median P/E ratio of 8.53. This seems to suggest that the entire sector is reasonably valued at the moment. Meanwhile, ExxonMobil's trailing price-to-sales (P/S) ratio of 1.24 is moderately lower than the sector median P/S ratio of 1.39.
Source Fool.com
