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MRTN Marten Transport PE ratio, current and historical analysis

The current P/E ratio for Marten Transport stock as of Feb 23, 2024 is 18.96. This is calculated based on the TTM EPS of $1.03 and the stock price of $19.53 per share. The PE ratio has increased by 11% from its last 4 quarters average of 17.0.

MRTN PE ratio history

How has MRTN's PE ratio performed in the past

The average historical PE ratio of Marten Transport for the last ten years is 18.75. The current price-to-earnings ratio of 18.96 is in line with the historical average. Analyzing the last ten years, MRTN's PE ratio reached its highest point in the Sep 2017 quarter at 33.41, when the price was $13.7 and the EPS was $0.41. The lowest point was recorded in the Sep 2018 quarter, when it reached 10.96 with a price of $14.03 and an EPS of $1.28.

Average
18.75
Median
18.26
Minimum
10.96
Maximum
33.41

Marten Transport PE ratio by year

Maximum annual increase: 50.94% in 2013

Maximum annual decrease: -46.37% in 2017

Year PE ratio Change
2022 14.65 -12.06%
2021 16.66 -18.77%
2020 20.51 7.38%
2019 19.1 18.56%
2018 16.11 32.16%
2017 12.19 -46.37%
2016 22.73 38.01%
2015 16.47 -32.19%
2014 24.29 8.29%
2013 22.43 50.94%

MRTN average PE ratio chart

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

Currently, MRTN's PE ratio is above its 3, 5 and 10-year averages.

3-year avg
16.42
5-year avg
17.46
10-year avg
18.75
15-year avg
19.33

MRTN PE vs peers

What is MRTN's PE ratio compared to its peers

When compared to its peers KNX and HTLD, MRTN's PE ratio is lower, but it is higher than WERN's and PTSI's. Marten Transport's PE ratio is trading below the peer average of 27.8.

Stock name PE ratio Market cap
PTSI Pam Transportation Services Inc 10.69 $414.44M
WERN Werner Enterprises Inc 17.33 $2.58B
MRTN Marten Transport Ltd 18.96 $1.59B
HTLD Heartland Express Inc 40.06 $981.51M
KNX Knight-Swift Transportation Holdings Inc 43.13 $9.4B

Frequently asked questions

What is Marten Transport's PE ratio?

The price to earnings ratio for MRTN stock is 18.96 as of Feb 23, 2024.

What is the 3-year average PE ratio for Marten Transport (MRTN)?

As an average over the last 3 years, MRTN stock has a PE ratio of 16.42.

What is the 5-year average PE ratio for Marten Transport (MRTN)?

As an average over the last 5 years, MRTN stock has a PE ratio of 17.46.

What is the highest PE ratio for MRTN?

The highest quarterly PE ratio in the last ten years has been 33.41 and it was in the Sep 2017 quarter.

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

The current PE ratio of MRTN is 1.1% higher than the 10-year historical average.

How is MRTN's PE ratio calculated (Marten Transport 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 (Feb 23, 2024), Marten Transport's share price is $19.53. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2023 is $1.03. Therefore, Marten Transport's price to earnings ratio for today is 18.96. PE RATIO(18.96) = STOCK PRICE($19.53) / TTM EPS($1.03)

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