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IIIN Insteel Industries PE ratio, current and historical analysis

The current PE ratio for Insteel Industries stock as of Jul 23, 2024 is 31.5. This is calculated based on the TTM EPS of $1.05 and the stock price of $33.08 per share. The PE ratio has increased by 12% from its last 4 quarters average of 28.2.

IIIN PE ratio history

How has IIIN's PE ratio performed in the past

The average historical PE ratio of Insteel Industries for the last ten years is 24.98. The current price-to-earnings ratio of 31.5 is 26% more than the historical average. Analyzing the last ten years, IIIN's PE ratio reached its highest point in the Dec 2019 quarter at 217.7, when the price was $21.77 and the EPS was $0.1. The lowest point was recorded in the Oct 2022 quarter, when it reached 4.14 with a price of $26.53 and an EPS of $6.41.

Average
24.98
Median
19.2
Minimum
4.14
Maximum
217.7

Insteel Industries PE ratio by year

Maximum annual increase: 372.22% in 2023

Maximum annual decrease: -73.2% in 2020

Year PE ratio Change
2023 19.55 372.22%
2022 4.14 -63.49%
2021 11.34 -40.75%
2020 19.14 -73.2%
2019 71.41 278.23%
2018 18.88 -13.95%
2017 21.94 20.48%
2016 18.21 33.5%
2015 13.64 -40.8%
2014 23.04 -6.42%

IIIN average PE ratio chart

What is the average PE ratio of IIIN for the past years

IIIN's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
14.48
5-year avg
30.54
10-year avg
24.98
15-year avg
44.54

IIIN PE vs peers

What is IIIN's PE ratio compared to its peers

IIIN's PE ratio is less than its peer stock VMI, but it is above NUE's and CMC's. Insteel Industries is currently trading at a higher PE ratio (31.5) than its peers average of 21.68.

Stock name PE ratio Market cap
NUE Nucor Corp 9.48 $38.73B
CMC COMMERCIAL METALS Co 11.98 $6.7B
NWPX Northwest Pipe Co 15.49 $367.07M
OFLX Omega Flex Inc 27.74 $534.8M
USAP Universal Stainless & Alloy Products Inc 29.3 $280.01M
IIIN Insteel Industries Inc 31.5 $643.24M
VMI Valmont Industries Inc 36.11 $5.59B
ASPN Aspen Aerogels Inc N/A $1.85B

Frequently asked questions

What is Insteel Industries's PE ratio?

As of Jul 23, 2024, IIIN stock has a price to earnings ratio of 31.5.

What is the 3-year average PE ratio for Insteel Industries (IIIN)?

The 3-year average PE ratio for IIIN stock is 14.48.

What is the 5-year average PE ratio for Insteel Industries (IIIN)?

The 5-year average PE ratio for IIIN stock is 30.54.

What is the highest PE ratio for IIIN?

Over the last ten years, the quarterly PE ratio reached its highest level at 217.7 in the Dec 2019 quarter.

How does the current PE ratio for IIIN compare to its historical average?

The current PE ratio of IIIN is 26% higher than the 10-year historical average.

How is IIIN's PE ratio calculated (Insteel Industries PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 23, 2024), Insteel Industries's share price is $33.08. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $1.05. Therefore, Insteel Industries's price to earnings ratio for today is 31.5. PE RATIO(31.5) = STOCK PRICE($33.08) / TTM EPS($1.05)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.