The current PE ratio for Encore Wire stock as of May 1, 2024 is 14.47. This is calculated based on the TTM EPS of $19.42 and the stock price of $281 per share. The PE ratio has grown by 60% from its last 4 quarters average of 9.0.
The average historical PE ratio of Encore Wire for the last ten years is 14.4. The current P/E ratio of 14.47 is similar to the historical average. Looking back at the last ten years, WIRE's PE ratio peaked in the Dec 2016 quarter at 26.6, when the price was $43.35 and the EPS was $1.63. The lowest point was in the Jun 2022 quarter, when it reached 3.01 with a price of $103.92 and an EPS of $34.53.
Maximum annual increase: 163.76% in 2023
Maximum annual decrease: -67.09% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.68 | 163.76% |
| 2022 | 3.67 | -32.04% |
| 2021 | 5.4 | -67.09% |
| 2020 | 16.41 | -20.53% |
| 2019 | 20.65 | 54.33% |
| 2018 | 13.38 | -11.16% |
| 2017 | 15.06 | -43.38% |
| 2016 | 26.6 | 64.91% |
| 2015 | 16.13 | -22.64% |
| 2014 | 20.85 | -12.69% |
The current PE ratio of WIRE is higher than the 3, 5 and 10-year averages.
WIRE's PE ratio stands lower than its peer stock APH, but it is higher than BGC's and BDC's. Encore Wire's current PE ratio of 14.47 is similar to the average of its peers, which is 14.72.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BGC BGC Group Inc | 0 | $3.99B |
| PLPC Preformed Line Products Co | 9.77 | $616.87M |
| WIRE Encore Wire Corp | 14.46 | $4.43B |
| BDC Belden Inc | 15.46 | $3.65B |
| APH Amphenol Corp | 35.59 | $72.67B |
| OCC Optical Cable Corp | N/A | $21.91M |
As of May 1, 2024, WIRE stock has a price to earnings ratio of 14.47.
Over the last 3 years, the average price to earnings ratio for WIRE stock is 5.87.
Over the last 5 years, the average price to earnings ratio for WIRE stock is 10.0.
Over the last ten years, the quarterly PE ratio reached its highest level at 26.6 in the Dec 2016 quarter.
The current PE ratio of WIRE is 0.5% higher than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 1, 2024), Encore Wire's share price is $281. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $19.42. Therefore, Encore Wire's PE ratio for today is 14.47. PE RATIO(14.47) = STOCK PRICE($281) / TTM EPS($19.42)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.