CMC COMMERCIAL METALS PE ratio, current and historical analysis
The current PE ratio for COMMERCIAL METALS stock as of Nov 21, 2024 is 14.42. This is calculated based on the current EPS of $4.19 and the stock price of $60.44 per share. The P/E ratio has an increase of 42% from the past four quarters average of 10.1.
CMC PE ratio history
The average historical PE ratio of COMMERCIAL METALS for the last ten years is 18.34. The current PE ratio of 14.42 is 21% below the historical average. Over the past ten years, CMC's PE ratio was at its highest in the Nov 2016 quarter at 71, when the stock price was $22.01 and the EPS was $0.31. The lowest value was in the Aug 2022 quarter, when it reached 4.01 with a price of $40.51 and an EPS of $10.09.
COMMERCIAL METALS PE ratio by year
Maximum annual increase: 91.27% in 2023
Maximum annual decrease: -61.57% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 12.79 | 66.75% |
| 2023 | 7.67 | 91.27% |
| 2022 | 4.01 | -57.83% |
| 2021 | 9.51 | 7.09% |
| 2020 | 8.88 | -4.82% |
| 2019 | 9.33 | -48.6% |
| 2018 | 18.15 | -61.57% |
| 2017 | 47.23 | 46.09% |
| 2016 | 32.33 | 40.02% |
| 2015 | 23.09 | 28.28% |
CMC average PE ratio chart
The current PE ratio of CMC is greater than its 3 and 5-year historical averages, but it is below the 10-year average.
CMC PE vs peers
Compared to its peers NUE and MLI, CMC's PE ratio stands lower, however it is higher than STLD's. COMMERCIAL METALS's PE ratio is trading below the peer group average of 23.73.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STLD Steel Dynamics Inc | 13 | $22.07B |
| CMC COMMERCIAL METALS Co | 14.42 | $6.88B |
| NUE Nucor Corp | 14.45 | $35.22B |
| MLI Mueller Industries Inc | 17.43 | $10.43B |
| X United States Steel Corp | 23.02 | $9.12B |
| WOR Worthington Industries Inc | 50.73 | $1.99B |
| AP Ampco Pittsburgh Corp | N/A | $35.17M |
Frequently asked questions
What is COMMERCIAL METALS's PE ratio?
The price to earnings ratio for CMC stock is 14.42 as of Nov 21, 2024.
What is the 3-year average PE ratio for COMMERCIAL METALS (CMC)?
Over the last 3 years, the average price to earnings ratio for CMC stock is 7.01.
What is the 5-year average PE ratio for COMMERCIAL METALS (CMC)?
Over the last 5 years, the average price to earnings ratio for CMC stock is 7.9.
What is the highest PE ratio for CMC?
The highest quarterly PE ratio in the last ten years has been 71 and it was in the Nov 2016 quarter.
How does the current PE ratio for CMC compare to its historical average?
The current price to earnings ratio of CMC is 21% lower than the 10-year historical average.
How is CMC's PE ratio calculated (COMMERCIAL METALS PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Nov 21, 2024), COMMERCIAL METALS's stock price is $60.44. The earnings per share for the trailing twelve months (TTM) ending Aug 2024 is $4.19. Therefore, COMMERCIAL METALS's P/E ratio for today is 14.42. PE RATIO(14.42) = STOCK PRICE($60.44) / TTM EPS($4.19)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.