As of Apr 26, 2024, the Albemarle stock's PE ratio is 8.72. This results from the current EPS of $13.41 and stock price of $116.88. The P/E ratio has an increase of 14% from the past four quarters average of 7.6.
The PE ratio of Albemarle has averaged 40.91 over the last ten years. The current PE ratio of 8.72 is 79% 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 stocks XOM and DOW, ALB's PE ratio stands lower. Albemarle's PE ratio is trading below the peer group average of 41.33.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ALB Albemarle Corp | 8.72 | $13.72B |
| XOM Exxon Mobil Corp | 13.27 | $468.05B |
| DOW Dow Inc | 33.9 | $40.29B |
| WLK Westlake Chemical Corp | 40.09 | $19.17B |
| HUN Huntsman CORP | 42.09 | $4.13B |
The price to earnings ratio for ALB stock as of Apr 26, 2024, stands at 8.72.
As an average over the last 3 years, ALB stock has a PE ratio of 55.06.
As an average over the last 5 years, ALB stock has a PE ratio of 41.43.
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 79% below its 10-year historical average.
ALB's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.72 is considered low.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Apr 26, 2024), Albemarle's stock price is $116.88. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $13.41. Therefore, Albemarle's P/E ratio for today is 8.72. PE RATIO(8.72) = STOCK PRICE($116.88) / TTM EPS($13.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.