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MGRC Mcgrath Rentcorp PE ratio, current and historical analysis

The current P/E ratio for Mcgrath Rentcorp stock as of Jun 21, 2024 is 20.89. This is calculated based on the TTM EPS of $5.14 and the stock price of $107.38 per share. The PE ratio has increased by 24% from its last 4 quarters average of 16.8.

MGRC PE ratio history

How has MGRC's PE ratio performed in the past

The average historical PE ratio of Mcgrath Rentcorp for the last ten years is 17.26. The current price-to-earnings ratio of 20.89 is 21% more than the historical average. Analyzing the last ten years, MGRC's PE ratio reached its highest point in the Dec 2016 quarter at 24.49, when the price was $39.19 and the EPS was $1.6. The lowest point was recorded in the Dec 2017 quarter, when it reached 7.33 with a price of $46.98 and an EPS of $6.41.

Average
17.26
Median
18.27
Minimum
7.33
Maximum
24.49

Mcgrath Rentcorp PE ratio by year

Maximum annual increase: 113.51% in 2018

Maximum annual decrease: -70.07% in 2017

Year PE ratio Change
2023 16.75 -19.78%
2022 20.88 -3.73%
2021 21.69 36.42%
2020 15.9 -17.1%
2019 19.18 22.56%
2018 15.65 113.51%
2017 7.33 -70.07%
2016 24.49 55.59%
2015 15.74 -22.31%
2014 20.26 -12.94%

MGRC average PE ratio chart

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

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

3-year avg
18.67
5-year avg
17.72
10-year avg
17.26
15-year avg
17.05

MGRC PE vs peers

What is MGRC's PE ratio compared to its peers

When compared to its peer stocks URI and HEES, MGRC's PE ratio is higher.

Stock name PE ratio Market cap
HEES H&E Equipment Services Inc 9.28 $1.59B
URI United Rentals Inc 17.32 $42.67B
MGRC Mcgrath Rentcorp 20.89 $2.64B
AAN Aaron's Company Inc N/A $303.5M

Frequently asked questions

What is Mcgrath Rentcorp's PE ratio?

MGRC stock has a price to earnings ratio of 20.89 as of Jun 21, 2024.

What is the 3-year average PE ratio for Mcgrath Rentcorp (MGRC)?

The average PE ratio for MGRC stock over the past 3 years is 18.67.

What is the 5-year average PE ratio for Mcgrath Rentcorp (MGRC)?

The average PE ratio for MGRC stock over the past 5 years is 17.72.

What is the highest PE ratio for MGRC?

Over the last ten years, the quarterly PE ratio reached its highest level at 24.49 in the Dec 2016 quarter.

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

The current PE ratio of MGRC is 21% higher than the 10-year historical average.

How is MGRC's PE ratio calculated (Mcgrath Rentcorp PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 21, 2024), Mcgrath Rentcorp's share price is $107.38. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.14. Therefore, Mcgrath Rentcorp's price to earnings ratio for today is 20.89. PE RATIO(20.89) = STOCK PRICE($107.38) / TTM EPS($5.14)

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