Cultivars of a crop can differ genetically with respect to their uptake, translocation, accumulation, and use of phosphorus. The objective of this paper was to evaluate genetic variation for P uptake and utilization among peanut (Arachis hypogaea L.) genotypes. Several traits contribute to the total P efficiency of the genotype, including root length, rate of P uptake per unit root length, leaf and pod characters such as P accumulation, and dry matter/yield produced per unit P absorbed [i.e., P efficiency ratio (PER)]. Peanut genotypes with increased P uptake and higher PER were identified. Some genotypes sustained higher PER at both low and high soil P availabilities.