As of Apr 29, 2024, the Conagra Brands stock's price-to-earnings ratio is 15.55. This results from the current EPS of $1.99 and stock price of $30.94. The PE ratio has decreased by 5% from the past four quarters average of 16.4.
The PE ratio of Conagra Brands has averaged 20.83 over the last ten years. The current P/E ratio of 15.55 is 25% lower than the historical average. In the past ten years, CAG's PE ratio peaked in the May 2014 quarter at 43.9, when the stock price was $31.61 and the EPS was $0.72. The lowest point was in the Aug 2023 quarter, when it reached 13.22 with a price of $30.02 and an EPS of $2.27.
Maximum annual increase: 137.43% in 2014
Maximum annual decrease: -29.46% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 24.36 | 35.94% |
| 2022 | 17.92 | 25.58% |
| 2021 | 14.27 | -29.46% |
| 2020 | 20.23 | 7.38% |
| 2019 | 18.84 | 0.69% |
| 2018 | 18.71 | -29.05% |
| 2017 | 26.37 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 43.9 | 137.43% |
CAG's current P/E ratio is lower than the 3, 5 and 10-year averages.
In comparison to its peer stocks PEP and MDLZ, CAG's PE ratio is lower. Conagra Brands's PE ratio is trading below the peer group average of 28.37.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CAG Conagra Brands Inc | 15.49 | $14.74B |
| GIS General Mills Inc | 15.92 | $39.55B |
| MDLZ Mondelez International Inc | 19.73 | $96.72B |
| PEP Pepsico Inc | 26.37 | $242.15B |
| THS TreeHouse Foods Inc | 39.23 | $2.02B |
| LANC Lancaster Colony Corp | 40.59 | $5.24B |
| SJM J M SMUCKER Co | N/A | $12.17B |
| HAIN Hain Celestial Group Inc | N/A | $563.25M |
The price to earnings ratio for CAG stock as of Apr 29, 2024, stands at 15.55.
Over the last 3 years, the average price to earnings ratio for CAG stock is 18.21.
Over the last 5 years, the average price to earnings ratio for CAG stock is 18.12.
The highest quarterly PE ratio in the last ten years has been 43.9 and it was in the May 2014 quarter.
CAG's price to earnings ratio is currently 25% below its 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 (Apr 29, 2024), Conagra Brands's stock price is $30.94. The earnings per share for the trailing twelve months (TTM) ending Feb 2024 is $1.99. Therefore, Conagra Brands's PE ratio for today is 15.55. PE RATIO(15.55) = STOCK PRICE($30.94) / TTM EPS($1.99)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.