The current PE ratio for Insteel Industries stock as of Jul 25, 2024 is 31.7. This is calculated based on the TTM EPS of $1.05 and the stock price of $33.29 per share. The PE ratio has increased by 12% from its last 4 quarters average of 28.2.
The average historical PE ratio of Insteel Industries for the last ten years is 24.98. The current price-to-earnings ratio of 31.7 is 27% 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.
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's current PE ratio is higher than the 3, 5 and 10-year averages.
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 (31.7) than its peers average of 22.44.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NUE Nucor Corp | 9.44 | $38.58B |
| CMC COMMERCIAL METALS Co | 12.42 | $6.94B |
| NWPX Northwest Pipe Co | 15.7 | $372.03M |
| OFLX Omega Flex Inc | 27.85 | $536.92M |
| USAP Universal Stainless & Alloy Products Inc | 31.73 | $303.26M |
| IIIN Insteel Industries Inc | 33.06 | $674.93M |
| VMI Valmont Industries Inc | 39.54 | $6.12B |
| ASPN Aspen Aerogels Inc | N/A | $1.6B |
As of Jul 25, 2024, IIIN stock has a price to earnings ratio of 31.7.
The 3-year average PE ratio for IIIN stock is 14.48.
The 5-year average PE ratio for IIIN stock is 30.54.
Over the last ten years, the quarterly PE ratio reached its highest level at 217.7 in the Dec 2019 quarter.
The current PE ratio of IIIN is 27% higher than the 10-year historical average.
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 25, 2024), Insteel Industries's share price is $33.29. 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 31.7. PE RATIO(31.7) = STOCK PRICE($33.29) / TTM EPS($1.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.