Imperial Oil Limited (IMO) Key Metrics
IMO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $64.43B
- Enterprise value
- $61.12B
- P/E (TTM)
- 21.6 10-yr median 13.3
- Forward P/E
- 14.3
- PEG ratio
- 5.18
- Price / sales
- 1.3 10-yr median 0.8
- Price / book
- 3.4 10-yr median 1.1
- EV / EBITDA
- 10.6 10-yr median 7.3
- Dividend yield
- 1.83% $2.44 a year
- Beta
- 0.91
IMO key metrics, 2015–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIMO valuation Price multiples at each fiscal year-end price.
IMO returns How much profit the business earns on the capital it uses.
IMO per-share figures Results divided by the shares outstanding at year-end.
IMO financial health Debt, liquidity and how easily interest is covered.
IMO efficiency & capital use Working capital cycle and where the cash goes.
IMO valuation history
IMO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IMO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IMO cash returned to shareholders
IMO price vs earnings per share
IMO key metrics
2015–2025| 2025 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $43.50B | $25.75B | $13.99B | $20.25B | $20.51B | $26.38B | $29.56B | $27.66B |
| Enterprise value | $46.74B | $29.02B | $18.50B | $23.86B | $24.70B | $30.39B | $34.41B | $35.97B |
| P/E ratio | 13.3 | 10.4 | — | 9.2 | 8.9 | 53.8 | 13.7 | 24.7 |
| Price / sales | 0.9 | 0.7 | 0.6 | 0.6 | 0.6 | 0.9 | 1.3 | 1.1 |
| Price / book | 2.0 | 1.2 | 0.7 | 0.8 | 0.8 | 1.1 | 1.2 | 1.2 |
| Price / free cash flow | 9.2 | 5.9 | — | 7.3 | 8.4 | 14.9 | 31.4 | — |
| Price / operating cash flow | 6.5 | 4.7 | 17.5 | 4.6 | 5.2 | 9.5 | 14.7 | 12.8 |
| EV / sales | 1.0 | 0.8 | 0.8 | 0.7 | 0.7 | 1.0 | 1.5 | 1.4 |
| EV / EBITDA | 6.8 | 5.5 | 7.8 | 6.6 | 5.4 | 12.0 | 18.8 | 11.0 |
| EV / free cash flow | 9.9 | 6.6 | — | 8.5 | 10.2 | 17.2 | 36.5 | — |
| Earnings yield | 7.5% | 9.6% | −13.3% | 10.9% | 11.3% | 1.9% | 7.3% | 4.1% |
| Free cash flow yield | 10.8% | 17.0% | −0.5% | 13.8% | 11.9% | 6.7% | 3.2% | −3.0% |
| Dividend yield | 3.2% | 2.7% | 4.6% | 3.1% | 2.8% | 2.0% | 1.7% | 1.6% |
| Shareholder yield (dividends + buybacks) | 10.7% | 11.5% | 6.6% | 9.9% | 12.4% | 4.4% | 1.7% | 1.6% |
| Share price at fiscal year-end | $86.31 | $36.10 | $19.03 | $26.47 | $25.32 | $31.19 | $34.76 | $32.52 |
| Per share | ||||||||
| Revenue per share | $93.41 | $52.59 | $30.31 | $44.45 | $43.16 | $34.44 | $27.51 | $29.61 |
| Earnings per share | $6.48 | $3.48 | −$2.53 | $2.88 | $2.86 | $0.58 | $2.55 | $1.32 |
| Operating cash flow per share | $13.31 | $7.68 | $1.09 | $5.79 | $4.84 | $3.27 | $2.37 | $2.55 |
| Free cash flow per share | $9.33 | $6.12 | −$0.10 | $3.65 | $3.00 | $2.09 | $1.11 | −$0.97 |
| Cash per share | $2.27 | $3.02 | $1.05 | $2.25 | $1.22 | $1.41 | $0.46 | $0.24 |
| Book value per share | $44.15 | $30.48 | $29.13 | $31.73 | $30.23 | $28.89 | $29.42 | $27.54 |
| Tangible book value per share | $40.33 | $30.01 | $28.68 | $31.25 | $28.97 | $27.88 | $28.88 | $27.20 |
| Dividends per share | $2.78 | $0.99 | $0.88 | $0.82 | $0.71 | $0.62 | $0.58 | $0.53 |
| Capex per share | $3.98 | $1.55 | $1.18 | $2.14 | $1.84 | $1.17 | $1.26 | $3.52 |
| Debt per share | $8.69 | $7.61 | $7.18 | $6.97 | $6.39 | $6.16 | $6.15 | $10.01 |
| Shares outstanding | 504.0M | 713.2M | 735.3M | 765.0M | 810.1M | 845.7M | 850.5M | 850.6M |
| Change in shares outstanding | −29.3% | −3.0% | −3.9% | −5.6% | −4.2% | −0.6% | −0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 14.7% | 11.5% | −8.1% | 9.0% | 9.5% | 2.0% | 8.9% | 4.8% |
| Return on invested capital (ROIC) | 12.8% | 15.2% | 2.2% | 12.4% | 11.8% | 7.4% | 4.9% | 5.7% |
| Return on assets (ROA) | 7.7% | 6.3% | −4.6% | 5.3% | 5.6% | 1.2% | 5.1% | 2.6% |
| Return on tangible assets | 8.1% | 6.1% | −4.9% | 5.3% | 5.7% | 1.2% | 5.3% | 2.6% |
| Free cash flow margin | 10.0% | 11.6% | −0.3% | 8.2% | 7.0% | 6.1% | 4.0% | −3.3% |
| Income quality (OCF / net income) | 2.05 | 2.21 | — | 2.01 | 1.69 | 5.64 | 0.93 | 1.93 |
| Financial health | ||||||||
| Total debt | $4.38B | $5.42B | $5.28B | $5.33B | $5.18B | $5.21B | $5.23B | $8.52B |
| Cash & short-term investments | $1.14B | $2.15B | $771.0M | $1.72B | $988.0M | $1.20B | $391.0M | $203.0M |
| Net debt | $3.24B | $3.27B | $4.51B | $3.62B | $4.19B | $4.01B | $4.84B | $8.31B |
| Debt / equity | 0.20 | 0.25 | 0.25 | 0.22 | 0.21 | 0.21 | 0.21 | 0.36 |
| Debt / assets | 0.10 | 0.13 | 0.14 | 0.13 | 0.12 | 0.13 | 0.13 | 0.20 |
| Net debt / EBITDA | 0.47 | 0.63 | 1.90 | 0.99 | 0.91 | 1.58 | 2.64 | 2.53 |
| Current ratio | 1.27 | 1.41 | 1.34 | 1.38 | 1.35 | 1.31 | 0.99 | 0.68 |
| Quick ratio | 0.83 | 1.08 | 0.80 | 0.96 | 0.89 | 0.94 | 0.62 | 0.38 |
| Interest coverage | 163.7 | 95.2 | 11.6 | 37.7 | 41.6 | 32.9 | 23.7 | 79.1 |
| Working capital | $1.80B | $2.26B | $1.14B | $1.73B | $1.40B | $1.27B | −$52.0M | −$1.72B |
| Invested capital | $25.49B | $25.01B | $25.93B | $27.89B | $28.68B | $28.45B | $29.86B | $31.74B |
| Tangible asset value | $20.33B | $21.40B | $21.09B | $23.90B | $23.47B | $23.58B | $24.56B | $23.14B |
| Net current asset value | −$11.64B | −$11.23B | −$12.09B | −$11.58B | −$11.61B | −$11.76B | −$12.80B | −$16.07B |
| Graham number | $80.26 | $48.82 | — | $45.31 | $44.08 | $19.41 | $41.05 | $28.59 |
| Graham net-net per share | −$28.14 | −$18.36 | −$18.34 | −$17.27 | −$16.25 | −$15.59 | −$16.48 | −$20.63 |
| Capital allocation | ||||||||
| Dividends paid | $1.40B | $706.0M | $649.0M | $631.0M | $572.0M | $524.0M | $492.0M | $449.0M |
| Share buybacks (net) | $3.23B | $2.25B | $274.0M | $1.37B | $1.97B | $627.0M | $0 | $0 |
| Dividend payout ratio | 42.9% | 28.5% | — | 28.7% | 24.7% | 106.9% | 22.7% | 40.0% |
| Dividends + buybacks / free cash flow | 98.6% | 67.6% | — | 71.8% | 104.6% | 65.0% | 52.2% | — |
| Capex / revenue | 4.3% | 3.0% | 3.9% | 4.8% | 4.3% | 3.4% | 4.6% | 11.9% |
| Capex / operating cash flow | 29.9% | 20.2% | 108.8% | 36.9% | 38.0% | 35.9% | 53.3% | 138.2% |
| Capex / depreciation | 0.78 | 0.56 | 0.27 | 1.02 | 0.99 | 0.46 | 0.66 | 2.06 |
| Stock-based compensation / revenue | — | −5.3% | −0.0% | 0.1% | 0.1% | 0.0% | 0.4% | 0.2% |
| R&D / revenue | — | 0.2% | 0.5% | 0.4% | 0.3% | 0.4% | 0.6% | 0.8% |
| SG&A / revenue | 2.9% | 2.3% | 3.9% | 3.1% | 2.9% | 3.5% | 5.3% | 4.4% |
| Efficiency | ||||||||
| Days sales outstanding | 33.9 | 28.2 | 37.8 | 28.1 | 27.4 | 29.7 | 28.1 | 22.9 |
| Days of inventory on hand | 28.6 | 21.1 | 33.2 | 23.4 | 20.8 | 21.0 | 27.4 | 28.4 |
| Days payables outstanding | 52.7 | 40.8 | 53.2 | 41.9 | 41.8 | 44.8 | 47.0 | 42.4 |
| Cash conversion cycle (days) | 9.8 | 8.4 | 17.8 | 9.5 | 6.3 | 5.8 | 8.5 | 8.9 |
| Receivables turnover | 10.77 | 12.96 | 9.65 | 13.01 | 13.34 | 12.30 | 12.99 | 15.93 |
| Payables turnover | 6.93 | 8.95 | 6.86 | 8.71 | 8.74 | 8.15 | 7.77 | 8.60 |
| Inventory turnover | 12.77 | 17.33 | 10.98 | 15.61 | 17.57 | 17.42 | 13.35 | 12.84 |
| Asset turnover | 1.11 | 0.95 | 0.56 | 0.81 | 0.84 | 0.70 | 0.55 | 0.58 |
| Average receivables | $4.37B | $2.89B | $2.31B | $2.61B | $2.62B | $2.37B | $1.80B | $1.58B |
| Average payables | $5.35B | $3.51B | $3.00B | $3.36B | $3.36B | $3.12B | $2.60B | $2.41B |
| Average inventory | $2.90B | $1.81B | $1.87B | $1.88B | $1.67B | $1.46B | $1.52B | $1.61B |
| Intangibles / total assets | 4.6% | 0.8% | 0.9% | 0.9% | 2.5% | 2.1% | 1.1% | 0.7% |
Computed from IMO's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IMO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Imperial Oil traded at 13.3 times earnings, against a 8-year median of 13.3. Based on the latest twelve months, the trailing P/E is 21.6 and the forward P/E is 14.3. Imperial Oil earned a return on equity of 14.7% and a return on invested capital of 12.8% in fiscal 2025. It ended the year with $4.4 billion of debt and $1.1 billion in cash and short-term investments, net debt of $3.2 billion. It returned $4.6 billion to shareholders: $1.4 billion in dividends and $3.2 billion in share buybacks, 99% of free cash flow. The share count fell 40.7% from 850.6M to 504.0M over 7 years.
See the IMO income statement, the IMO chart for price history, or the IMO stock overview for the latest quote and news.
IMO key metrics FAQ
What is Imperial Oil's P/E ratio?
Imperial Oil's trailing P/E ratio is 21.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.3. At the end of fiscal 2025 it was 13.3, compared with a 8-year median of 13.3.
What is Imperial Oil's EV/EBITDA?
Imperial Oil's enterprise value was 6.8 times EBITDA at the end of fiscal 2025 (enterprise value $46.7 billion, EBITDA $6.8 billion); the current EV/EBITDA is 10.6.
What is Imperial Oil's return on equity?
Imperial Oil's return on equity (ROE) was 14.7% in fiscal 2025: net income of $3.3 billion on average shareholders' equity of $22.0 billion.
What is Imperial Oil's ROIC?
Imperial Oil's return on invested capital was 12.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Imperial Oil have?
Imperial Oil had total debt of $4.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.20 and $3.2 billion of net debt (0.47 times EBITDA).
What is Imperial Oil's dividend yield?
Imperial Oil's forward dividend yield is 1.83%. Imperial Oil paid $1.4 billion in dividends in fiscal 2025 ($2.78 per share), a payout ratio of 42.9%.
Does Imperial Oil buy back its shares?
Yes. Imperial Oil spent $3.2 billion on net share repurchases in fiscal 2025 Shares outstanding changed −29.3% over the year, to 504.0M..
What is Imperial Oil's free cash flow yield?
Imperial Oil generated $4.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 10.8% on its market value at year-end ($43.5 billion).
What is Imperial Oil's current ratio?
Imperial Oil's current ratio was 1.27 at the end of fiscal 2025: current assets were 1.27 times current liabilities.