As of Jul 25, 2024, the Conagra Brands stock's price-to-earnings ratio is 40.45. This results from the current EPS of $0.73 and stock price of $29.53. The PE ratio has increased by 96% from the past four quarters average of 20.7.
The PE ratio of Conagra Brands has averaged 20.76 over the last ten years. The current P/E ratio of 40.45 is 95% higher than the historical average. In the past ten years, CAG's PE ratio peaked in the May 2024 quarter at 41.48, when the stock price was $30.28 and the EPS was $0.73. 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: 70.28% in 2024
Maximum annual decrease: -29.46% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 41.48 | 70.28% |
| 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 |
CAG's current P/E ratio is above the 3, 5 and 10-year averages.
In comparison to its peer THS, CAG's PE ratio is lower, but it is higher than PEP's and MDLZ's. Conagra Brands's PE ratio is trading above the peer group average of 23.1.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GIS General Mills Inc | 15.28 | $37.02B |
| SJM J M SMUCKER Co | 16.55 | $12.55B |
| MDLZ Mondelez International Inc | 21.02 | $89.09B |
| PEP Pepsico Inc | 24.93 | $237.28B |
| LANC Lancaster Colony Corp | 38.99 | $5.18B |
| CAG Conagra Brands Inc | 41.01 | $14.32B |
| THS TreeHouse Foods Inc | 84.22 | $2.04B |
| HAIN Hain Celestial Group Inc | N/A | $667.54M |
The price to earnings ratio for CAG stock as of Jul 25, 2024, stands at 40.45.
Over the last 3 years, the average price to earnings ratio for CAG stock is 20.47.
Over the last 5 years, the average price to earnings ratio for CAG stock is 19.25.
The highest quarterly PE ratio in the last ten years has been 41.48 and it was in the May 2024 quarter.
CAG's price to earnings ratio is currently 95% above 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 (Jul 25, 2024), Conagra Brands's stock price is $29.53. The earnings per share for the trailing twelve months (TTM) ending May 2024 is $0.73. Therefore, Conagra Brands's PE ratio for today is 40.45. PE RATIO(40.45) = STOCK PRICE($29.53) / TTM EPS($0.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.