US · USD

VLO

Valero Energy Corporation

US$406.73+4.93% (US$19.12)
Day's range
US$384.58 – US$406.98
Day's volume
US$689.6m
52-week range
US$153.14 – US$413.28

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VLO in numbers

Market cap
US$116.8bn
P/E
16.24
P/B
4.68
Dividend yield (12m)
1.16%

The 12-month dividend yield of VLO is 1.16%, below its 5-year average of 3.54%.

VLO price history

01/10/202501/10/2026
Compare with

VLO risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+144.65%+247.34%+513.22%
Volatility (annualised)29.99%30.12%33.35%
Largest drawdown-7.90%-29.97%-29.97%
Positive months10/1223/3639/60

How much did investing in VLO return?

US$1,000.00 invested on 01/10/2021 would be worth US$6,140.05 today.

Value today in VLO
US$6,140.05
Return over the period
+514.01%
Return per year
+43.77%
In the S&P 500
US$1,666.84

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

VLO fundamentals

Valuation

  • P/E
    16.24
  • P/B
    4.68
  • EV/EBITDA
    11.61
  • EV/EBIT
    11.66
  • EV/Revenue
    0.84
  • P/EBIT
    11.66
  • P/S
    0.84
  • P/OCF
    10.70
  • P/FCF
    —
  • Earnings yield
    8.57%
  • PEG ratio
    —
  • Earnings per share
    US$25.05
  • Book value per share
    US$86.83

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.64
  • Quick ratio
    1.23
  • Cash ratio
    0.42

Efficiency

  • Gross margin
    8.03%
  • EBITDA margin
    7.22%
  • Operating margin
    7.18%
  • Net margin
    5.17%
  • Asset turnover
    2.16

Profitability

  • ROE
    28.85%
  • ROA
    11.15%
  • ROIC
    30.95%
  • Payout
    18.88%

Growth

  • Revenue CAGR (5 years)
    11.48%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is VLO's fair price?

Two classic value formulas, with today's numbers. The current price is US$406.73.

Graham's fair price
US$221.22
45.61% below the price

√(22.50 × US$25.05 × US$86.83)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$69.07
83.02% below the price

US$4.14 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

VLO indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E20.7313.944.894.0833.06-16.2615.8310.03
P/B2.051.581.642.001.671.231.761.44
EV/EBITDA16.1111.063.953.2717.72—11.487.96
Dividend yield2.78%3.49%3.14%3.09%5.22%6.93%3.84%4.27%
Earnings per shareUS$7.85US$8.79US$26.57US$31.06US$2.27-US$3.48US$5.92US$7.48
Book value per shareUS$79.34US$77.82US$79.24US$63.48US$45.03US$46.02US$53.26US$51.88
ROE9.90%11.30%33.53%48.93%5.05%-7.56%11.11%14.41%
ROIC8.71%10.92%30.59%43.58%6.77%-3.05%10.90%13.32%
Gross margin4.43%3.70%8.93%9.52%2.75%-1.14%4.41%4.78%
EBITDA margin2.64%2.93%8.22%8.92%1.91%-2.36%3.59%3.95%
Net margin1.91%2.13%6.10%6.54%0.82%-2.19%2.24%2.67%
Net debt/EBITDA1.100.900.320.283.60—1.621.19

VLO financial statements

Line202520242023202220212020
Net revenueUS$122.7bnUS$129.9bnUS$144.8bnUS$176.4bnUS$114bnUS$64.9bn
Cost of sales-US$117.3bn-US$125.1bn-US$131.8bn-US$159.6bn-US$110.8bn-US$65.7bn
Gross profitUS$5.4bnUS$4.8bnUS$12.9bnUS$16.8bnUS$3.1bn-US$740m
EBITDAUS$3.2bnUS$3.8bnUS$11.9bnUS$15.7bnUS$2.2bn-US$1.5bn
EBITUS$3.2bnUS$3.8bnUS$11.9bnUS$15.7bnUS$2.1bn-US$1.6bn
Net finance result——————
Profit before taxUS$3bnUS$3.7bnUS$11.8bnUS$15.3bnUS$1.5bn-US$2bn
Income tax-US$759m-US$692m-US$2.6bn-US$3.4bn-US$255mUS$903m
Net incomeUS$2.3bnUS$2.8bnUS$8.8bnUS$11.5bnUS$930m-US$1.4bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does VLO pay dividends?

Dividend yield per year

  • 3.05%2017
  • 4.27%2018
  • 3.84%2019
  • 6.93%2020
  • 5.22%2021
  • 3.09%2022
  • 3.14%2023
  • 3.49%2024
  • 2.78%2025
  • 0.89%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend30/07/202631/08/2026US$1.20
Dividend20/05/202623/06/2026US$1.20
Dividend04/02/202609/03/2026US$1.20
Dividend19/11/202518/12/2025US$1.13
Dividend30/07/202502/09/2025US$1.13
Dividend19/05/202518/06/2025US$1.13
Dividend29/01/202503/03/2025US$1.13
Dividend19/11/202420/12/2024US$1.07
Dividend31/07/202403/09/2024US$1.07
Dividend29/05/202428/06/2024US$1.07
Dividend30/01/202404/03/2024US$1.07
Dividend15/11/202320/12/2023US$1.02
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend01/08/202305/09/2023US$1.02
Dividend19/05/202322/06/2023US$1.02
Dividend10/02/202316/03/2023US$1.02
Dividend15/11/202208/12/2022US$0.98
Dividend02/08/202201/09/2022US$0.98
Dividend10/05/202207/06/2022US$0.98
Dividend01/02/202203/03/2022US$0.98
Dividend16/11/202109/12/2021US$0.98
Dividend03/08/202102/09/2021US$0.98
Dividend13/05/202108/06/2021US$0.98
Dividend09/02/202104/03/2021US$0.98
Dividend16/11/202009/12/2020US$0.98
Dividend31/07/202002/09/2020US$0.98
Dividend12/05/202003/06/2020US$0.98
Dividend10/02/202004/03/2020US$0.98
Dividend18/11/201911/12/2019US$0.90
Dividend02/08/201904/09/2019US$0.90
Dividend13/05/201904/06/2019US$0.90
Dividend11/02/201905/03/2019US$0.90
Dividend16/11/201812/12/2018US$0.80
Dividend03/08/201805/09/2018US$0.80
Dividend15/05/201805/06/2018US$0.80
Dividend09/02/201806/03/2018US$0.80
Dividend17/11/201712/12/2017US$0.70
Dividend04/08/201707/09/2017US$0.70
Dividend12/05/201707/06/2017US$0.70
Dividend10/02/201707/03/2017US$0.70
Dividend17/11/201615/12/2016US$0.60

About Valero Energy

Sector
Manufacturing

Questions about VLO

How much is VLO today?

VLO is at US$406.73 (4.93% on the day), last traded on 01/10/2026.

How much did VLO pay in dividends in 2025?

VLO paid US$4.52 per share in 2025, a dividend yield of 2.78%.

What are the P/E and P/B of VLO?

VLO trades at a P/E of 16.24 and a P/B of 4.68.

How much did VLO return in 12 months?

VLO returned 144.65% in 12 months, with annualised volatility of 29.99% and a largest drawdown of -7.90%.