The current P/E ratio for Mcgrath Rentcorp stock as of Oct 2, 2023 is 14.22. This is calculated based on the TTM EPS of $7.06 and the stock price of $100.38 per share. The PE ratio has decreased by 15% from its last 4 quarters average of 16.8.
The average historical PE ratio of Mcgrath Rentcorp for the last ten years is 17.45. The current price-to-earnings ratio of 14.22 is 19% less 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.
Maximum annual increase: 113.51% in 2018
Maximum annual decrease: -70.07% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 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% |
| 2013 | 23.27 | 43.91% |
MGRC's current PE ratio is under its 3, 5 and 10-year averages.
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 | 9.44 | $1.49B |
| URI United Rentals Inc | 12.9 | $29.02B |
| MGRC Mcgrath Rentcorp | 14.06 | $2.43B |
| AAN Aaron's Company Inc | N/A | $300.36M |
MGRC stock has a price to earnings ratio of 14.22 as of Oct 2, 2023.
The average PE ratio for MGRC stock over the past 3 years is 18.67.
The average PE ratio for MGRC stock over the past 5 years is 17.49.
Over the last ten years, the quarterly PE ratio reached its highest level at 24.49 in the Dec 2016 quarter.
The current PE ratio of MGRC is 19% lower than the 10-year historical average.
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 (Oct 2, 2023), Mcgrath Rentcorp's share price is $100.38. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $7.06. Therefore, Mcgrath Rentcorp's price to earnings ratio for today is 14.22. PE RATIO(14.22) = STOCK PRICE($100.38) / TTM EPS($7.06)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.