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CMC COMMERCIAL METALS PE ratio, current and historical analysis

The current PE ratio for COMMERCIAL METALS stock as of Jun 14, 2024 is 8.64. This is calculated based on the current EPS of $5.83 and the stock price of $50.38 per share. The P/E ratio has an increase of 19% from the past four quarters average of 7.3.

CMC PE ratio history

How has CMC's PE ratio performed in the past

The average historical PE ratio of COMMERCIAL METALS for the last ten years is 18.65. The current PE ratio of 8.64 is 54% 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.

Average
18.65
Median
11.49
Minimum
4.01
Maximum
71

COMMERCIAL METALS PE ratio by year

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%

CMC average PE ratio chart

What is the average PE ratio of CMC for the past years

The current PE ratio of CMC is greater than its 3 and 5-year historical averages, but it is below the 10-year average.

3-year avg
6.29
5-year avg
7.52
10-year avg
18.65
15-year avg
20.57

CMC PE vs peers

What is CMC's PE ratio compared to its peers

Compared to its peers NUE and X, 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 9.33.

Stock name PE ratio Market cap
STLD Steel Dynamics Inc 8.22 $18.96B
CMC COMMERCIAL METALS Co 8.64 $5.83B
NUE Nucor Corp 9.07 $37.09B
WOR Worthington Industries Inc 9.18 $2.57B
X United States Steel Corp 9.42 $8.2B
MLI Mueller Industries Inc 10.76 $6.24B
AP Ampco Pittsburgh Corp N/A $20.66M

Frequently asked questions

What is COMMERCIAL METALS's PE ratio?

The price to earnings ratio for CMC stock is 8.64 as of Jun 14, 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 6.29.

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 7.52.

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 54% lower than the 10-year historical average.

Why is COMMERCIAL METALS's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

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 (Jun 14, 2024), COMMERCIAL METALS's stock price is $50.38. 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 8.64. PE RATIO(8.64) = STOCK PRICE($50.38) / TTM EPS($5.83)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.