The current PE ratio for COMMERCIAL METALS stock as of May 3, 2024 is 9.59. This is calculated based on the current EPS of $5.83 and the stock price of $55.9 per share. The P/E ratio has an increase of 32% from the past four quarters average of 7.3.
The average historical PE ratio of COMMERCIAL METALS for the last ten years is 18.81. The current PE ratio of 9.59 is 49% 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.
Maximum annual increase: 91.27% in 2023
Maximum annual decrease: -61.57% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 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% |
| 2014 | 18 | -20.18% |
The current PE ratio of CMC is greater than its 3 and 5-year historical averages, but it is below the 10-year average.
Compared to its peers NUE and MLI, CMC's PE ratio stands lower, however it is higher than STLD's and X's. COMMERCIAL METALS's PE ratio is trading below the peer group average of 10.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STLD Steel Dynamics Inc | 9.2 | $21.43B |
| X United States Steel Corp | 9.42 | $8.2B |
| CMC COMMERCIAL METALS Co | 9.59 | $6.47B |
| NUE Nucor Corp | 9.64 | $41.87B |
| WOR Worthington Industries Inc | 10.65 | $2.98B |
| MLI Mueller Industries Inc | 11.14 | $6.45B |
| AP Ampco Pittsburgh Corp | N/A | $40.33M |
The price to earnings ratio for CMC stock is 9.59 as of May 3, 2024.
Over the last 3 years, the average price to earnings ratio for CMC stock is 6.73.
Over the last 5 years, the average price to earnings ratio for CMC stock is 7.62.
The highest quarterly PE ratio in the last ten years has been 71 and it was in the Nov 2016 quarter.
The current price to earnings ratio of CMC is 49% lower than the 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), COMMERCIAL METALS's stock price is $55.9. The earnings per share for the trailing twelve months (TTM) ending Feb 2024 is $5.83. Therefore, COMMERCIAL METALS's P/E ratio for today is 9.59. PE RATIO(9.59) = STOCK PRICE($55.9) / TTM EPS($5.83)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.