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IIIN Insteel Industries PE ratio, current and historical analysis

The current PE ratio for Insteel Industries stock as of Feb 23, 2024 is 30.58. This is calculated based on the TTM EPS of $1.15 and the stock price of $35.17 per share. The PE ratio has increased by 71% from its last 4 quarters average of 17.9.

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 24.87. The current price-to-earnings ratio of 30.58 is 23% 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
24.87
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
12.01
5-year avg
29.49
10-year avg
24.87
15-year avg
44.46

IIIN PE vs peers

What is IIIN's PE ratio compared to its peers

IIIN's PE ratio is less than its peer stock OFLX, but it is above NUE's and CMC's. Insteel Industries is currently trading at a higher PE ratio (30.58) than its peers average of 18.69.

Stock name PE ratio Market cap
CMC COMMERCIAL METALS Co 8.23 $6.34B
NUE Nucor Corp 9.61 $46.88B
NWPX Northwest Pipe Co 12.33 $291.31M
VMI Valmont Industries Inc 29.68 $4.53B
IIIN Insteel Industries Inc 30.81 $689.05M
OFLX Omega Flex Inc 33.31 $733.05M
USAP Universal Stainless & Alloy Products Inc N/A $187.22M
ASPN Aspen Aerogels Inc N/A $1.17B

Frequently asked questions

What is Insteel Industries's PE ratio?

As of Feb 23, 2024, IIIN stock has a price to earnings ratio of 30.58.

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

The 3-year average PE ratio for IIIN stock is 12.01.

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

The 5-year average PE ratio for IIIN stock is 29.49.

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 23% 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 (Feb 23, 2024), Insteel Industries's share price is $35.17. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.15. Therefore, Insteel Industries's price to earnings ratio for today is 30.58. PE RATIO(30.58) = STOCK PRICE($35.17) / TTM EPS($1.15)

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