The current P/E ratio for Marten Transport stock as of Jul 26, 2024 is 25.85. This is calculated based on the TTM EPS of $0.72 and the stock price of $18.61 per share. The PE ratio has increased by 19% from its last 4 quarters average of 21.8.
The average historical PE ratio of Marten Transport for the last ten years is 18.7. The current price-to-earnings ratio of 25.85 is 38% more than 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.
Maximum annual increase: 64.57% in 2023
Maximum annual decrease: -46.37% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 24.11 | 64.57% |
| 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% |
Currently, MRTN's PE ratio is above its 3, 5 and 10-year averages.
When compared to its peer stocks KNX and WERN, MRTN's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MRTN Marten Transport Ltd | 25.85 | $1.51B |
| WERN Werner Enterprises Inc | 29.75 | $2.47B |
| PTSI Pam Transportation Services Inc | 36.87 | $487.41M |
| KNX Knight-Swift Transportation Holdings Inc | 75.37 | $8.28B |
| HTLD Heartland Express Inc | N/A | $1.04B |
The price to earnings ratio for MRTN stock is 25.85 as of Jul 26, 2024.
As an average over the last 3 years, MRTN stock has a PE ratio of 17.6.
As an average over the last 5 years, MRTN stock has a PE ratio of 18.32.
The highest quarterly PE ratio in the last ten years has been 33.41 and it was in the Sep 2017 quarter.
The current PE ratio of MRTN is 38% higher 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 (Jul 26, 2024), Marten Transport's share price is $18.61. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.72. Therefore, Marten Transport's price to earnings ratio for today is 25.85. PE RATIO(25.85) = STOCK PRICE($18.61) / TTM EPS($0.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.