IMPERIAL OIL LTD is an AMEX listed security that has been trading in a range between $30.47 and $50.35 over the past year. With 939,564,200 shares outstanding, a recent price of $48.39 gives a total market capitalization of $45,813,148,815. While there are certainly larger companies, IMPERIAL OIL LTD has definitely earned its place in the pack. Last year, IMPERIAL OIL LTD created $3.17 in earnings for every share outstanding.
IMPERIAL OIL LTD is currently priced by the market at 15.40 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, IMPERIAL OIL LTD could be an interesting value proposition.
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