Ecopetrol S.A. (EC) is a publicly traded company in the Energy — Oil & Gas Integrated industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates through the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities. The Transportation and Logistics segment comprises of pipelines and other transportation activities.
Is Ecopetrol S.A. stock overvalued or undervalued in 2026?
Ecopetrol S.A. (EC) trades at 9.2× earnings (P/E), against a median of 17.3× across the 140 energy companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (9.2) does not tell whether it is cheap.
Kaplio overview: Ecopetrol S.A.
Market cap $36B · 52 weeks $9 – $18 (3 % below the high) · P/E 9.2× · 2027 expected P/E 8.3× · Dividend 3.7 % · Next earnings November 10, 2026 · expected EPS $0.62 · Closing price, Oct 28 · accounts published Aug 3.
- Valuation: P/E 9.2× (no verdict).
- Business: 5-year ROIC 9.9 % (fair).
- Balance sheet: Net debt/EBITDA 2.5× (fragile).
- Earnings: 2 of 8 (disappointing).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (9.2) does not tell whether it is cheap.
In cyclicals the P/E misleads: today's earnings are not the normal ones.
What matters in energy: 4 of 7 pass
- Net debt / EBITDA 2.5×, fails.
- Capex / Revenue 8.2 %, fails.
- 5y avg ROIC 9.9 %, borderline.
- FCF yield 19.2 %, passes.
- Positive FCF through the cycle 10 de 10 ejercicios, passes.
- Dividend coverage (FCF / div) 1.5×, passes.
- EV/EBITDA vs own 10y 4.5×, passes.
- P/E read in reverse (cyclicals) 9.2×, info.
Against its peers (reference peers) — Ecopetrol S.A.: P/E 9.2×; EV/EBITDA 4.5×; ROIC 8.7 %; $36.3B. YPF Sociedad Anónima (P/E 28.6×; EV/EBITDA 6.3×; ROIC -2.1 %; $19.3B), Eni S.p.A. (P/E 10.3×; EV/EBITDA 7.1×; ROIC 3.4 %; $89.7B), Suncor Energy Inc. (P/E 13.9×; EV/EBITDA 6.7×; ROIC 9.2 %; $91.6B).
Expensive or cheap against its last ten years?
P/E at each close: today 9.2× · median 9.2× · minimum 2.3× · maximum 38.2× · cheap below 5.5× · expensive above 15.0×. It has been cheaper than today 50% of the time over its last ten years.
Dividend
fragile · Yield 3.7 % (5,317.20 COP per share in 2025) · 5-year growth +6 % a year · Free cash flow coverage 1.7× · With $1,000 invested today you'd collect $36.60 a year ($3.05 a month).
Investor methods verdict
Would Peter Lynch approve Ecopetrol today?
The Lynch Method approves Ecopetrol today. Business quality: 79 out of 100 (price not included). Lynch classifies it as a cyclical. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 15.34% |
| Return on Invested Capital | 8.68% |
| Return on Assets | 4.56% |
| Gross Margin | 35.76% |
| Operating Margin | 26.55% |
| Net Margin | 10.11% |
Financial Health
| Debt / Equity | 1.24 |
| Current Ratio | 1.51 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.08 |
Price Performance
| 1 month | +7.02% |
| 3 months | +5.43% |
| Year-to-date | +76.45% |
| 1 year | +90.11% |
| 3 years | +49.20% |
| 5 years | +16.70% |
| 10 years | +103.45% |
Dividend History
Paid in the last 12 months: $0.6495 per share in 1 payments.
| Date | Amount |
|---|---|
| 2026-04-29 | $0.6495 |
| 2025-06-26 | $0.5202 |
| 2025-04-28 | $0.5056 |
| 2025-04-03 | $0.4858 |
| 2024-06-25 | $0.7496 |
| 2024-04-04 | $0.8213 |
| 2023-12-19 | $1.0051 |
| 2023-09-26 | $0.9690 |
| 2023-04-25 | $0.8367 |
| 2022-06-28 | $0.7985 |
Amounts adjusted for stock splits.
Related companies: XOM · CVX · SHEL · TTE · PBR · BP · EQNR · E
Explore sector: Energy · Oil & Gas Integrated
More sections of EC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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