Is ExxonMobil's Premium Stock Valuation a Buy, Sell or Hold?
XOMExxonMobil(XOM) ZACKS·2024-09-14 03:45

Exxon Mobil Corporation (XOM) is currently considered expensive on a relative basis, with the stock trading at a 6.01x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is at a premium compared with the broader industry average of 3.85x.A premium valuation generally indicates that the market has strong confidence in the company’s prospects. However, this necessitates scrutiny to determine if this higher price is warranted. Image Source: Z ...