## OXY PE Stream Chart Analysis **Current Valuation (Latest Data Point):** As of the latest data point (mid-March 2026), OXY's monthly average price stands at **$58.38**, which places it precisely at — and effectively just touching — the **Warning (警示)** boundary of **24.7 times** PE, where the upper boundary price is **$58.37**. This means the stock is trading right at the threshold between the **Overvalued (高估)** interval (20.6x–24.7x) and the **Warning** zone (≥24.7x), representing the highest valuation band in the PE stream framework. This is a notably elevated positioning, suggesting that at current prices, the stock offers limited margin of safety from a PE-relative perspective. **Historical Valuation Trend:** Looking back to early 2021, OXY's price hovered around **$19–$27**, comfortably within the **Undervalued (低估)** to **Value (價值)** interval relative to the PE stream boundaries at the time. A dramatic re-rating occurred through 2022, as surging energy earnings caused the PE stream boundaries to expand sharply — the stock price climbed into the **$52–$68** range, yet remained well below even the **4.1 times** PE boundary (which had risen to **$47–$58** by mid-2022), keeping OXY firmly in the **Undervalued** zone despite its nominal price surge. This reflects the extraordinary earnings growth OXY experienced during the energy supercycle. From 2023 onward, as earnings normalized and PE stream boundaries contracted significantly, the stock price of **$55–$65** began occupying progressively higher valuation bands — moving from the **Value** interval into the **Fair (合理)** and then **Watch (觀望)** zones. Through 2024 and into 2025, prices declined from the mid-**$60s** to the low-**$40s**, yet the simultaneous compression of PE stream boundaries (reflecting declining earnings estimates) meant the stock's relative valuation positioning did not improve proportionally. By early 2026, a price recovery to **$58.38** against now much-lower PE boundaries has pushed OXY all the way to the **Warning** threshold — a significant valuation inflection point. The overall trend of the PE river chart has been **downward-sloping** since 2022, signaling declining earnings, which warrants caution for long-term investors.