The current PE ratio for COMMERCIAL METALS stock as of Jul 25, 2024 is 12.15. This is calculated based on the current EPS of $4.86 and the stock price of $59.05 per share. The P/E ratio has an increase of 37% from the past four quarters average of 8.8.
The average historical PE ratio of COMMERCIAL METALS for the last ten years is 18.47. The current PE ratio of 12.15 is 34% 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 peer MLI, CMC's PE ratio stands lower, however it is higher than NUE's and STLD's. COMMERCIAL METALS's PE ratio is trading above the peer group average of 10.15.
Stock name | PE ratio | Market cap |
---|---|---|
STLD Steel Dynamics Inc | 8.89 | $20.51B |
WOR Worthington Industries Inc | 9.1 | $2.55B |
NUE Nucor Corp | 9.44 | $38.58B |
X United States Steel Corp | 10.53 | $9.16B |
CMC COMMERCIAL METALS Co | 12.42 | $6.94B |
MLI Mueller Industries Inc | 14.2 | $7.95B |
AP Ampco Pittsburgh Corp | N/A | $31.79M |
The price to earnings ratio for CMC stock is 12.15 as of Jul 25, 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 7.72.
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 34% lower than the 10-year historical average.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), COMMERCIAL METALS's stock price is $59.05. The earnings per share for the trailing twelve months (TTM) ending May 2024 is $4.86. Therefore, COMMERCIAL METALS's P/E ratio for today is 12.15. PE RATIO(12.15) = STOCK PRICE($59.05) / TTM EPS($4.86)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.