As of Jul 26, 2024, the Albemarle stock's PE ratio is 33.5. This results from the current EPS of $2.77 and stock price of $92.8. The P/E ratio has an increase of 89% from the past four quarters average of 17.8.
The PE ratio of Albemarle has averaged 41.68 over the last ten years. The current PE ratio of 33.5 is 20% below the historical average. Over the past ten years, ALB's PE ratio was at its highest in the Dec 2017 quarter at 261, when the stock price was $127.89 and the EPS was $0.49. The lowest value was in the Sep 2023 quarter, when it reached 6 with a price of $170.04 and an EPS of $28.36.
Maximum annual increase: 1,637.68% in 2017
Maximum annual decrease: -95.68% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.77 | 14.09% |
| 2022 | 9.44 | -95.68% |
| 2021 | 218.48 | 422.8% |
| 2020 | 41.79 | 187.81% |
| 2019 | 14.52 | 20.6% |
| 2018 | 12.04 | -95.39% |
| 2017 | 261 | 1,637.68% |
| 2016 | 15.02 | -19.29% |
| 2015 | 18.61 | -47.7% |
| 2014 | 35.58 | 176.67% |
The current PE ratio of ALB is below the 3, 5 and 10-year averages.
Compared to its peer WLK, ALB's PE ratio stands lower, however it is higher than XOM's and DOW's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| XOM Exxon Mobil Corp | 14.38 | $462.63B |
| DOW Dow Inc | 31.28 | $37.17B |
| ALB Albemarle Corp | 33.5 | $10.91B |
| WLK Westlake Chemical Corp | 71.16 | $18.39B |
| HUN Huntsman CORP | N/A | $4.05B |
The price to earnings ratio for ALB stock as of Jul 26, 2024, stands at 33.5.
As an average over the last 3 years, ALB stock has a PE ratio of 56.91.
As an average over the last 5 years, ALB stock has a PE ratio of 43.21.
The highest quarterly PE ratio in the last ten years has been 261 and it was in the Dec 2017 quarter.
ALB's price to earnings ratio is currently 20% below its 10-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 26, 2024), Albemarle's stock price is $92.8. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.77. Therefore, Albemarle's P/E ratio for today is 33.5. PE RATIO(33.5) = STOCK PRICE($92.8) / TTM EPS($2.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.