CMC COMMERCIAL METALS PE ratio, current and historical analysis
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- NYSE: CMC
- PE Ratio
The current PE ratio for COMMERCIAL METALS stock as of May 16, 2025 is 77.48. This is calculated based on the current EPS of $0.62 and the stock price of $48.04 per share. The P/E ratio has an increase of 98% from the past four quarters average of 39.2.
CMC PE ratio history
The average historical PE ratio of COMMERCIAL METALS for the last ten years is 20.68. The current PE ratio of 77.48 is comparable to the historical average. Over the past ten years, CMC's PE ratio was at its highest in the Feb 2025 quarter at 78.13, when the stock price was $48.44 and the EPS was $0.62. 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: 216.71% in 2013
Maximum annual decrease: -61.57% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 12.79 | 66.75% | $53.59 | $4.19 |
| 2023 | 7.67 | 91.27% | $56.29 | $7.34 |
| 2022 | 4.01 | -57.83% | $40.51 | $10.09 |
| 2021 | 9.51 | 7.09% | $32.62 | $3.43 |
| 2020 | 8.88 | -4.82% | $20.87 | $2.35 |
| 2019 | 9.33 | -48.6% | $15.67 | $1.68 |
| 2018 | 18.15 | -61.57% | $21.6 | $1.19 |
| 2017 | 47.23 | 46.09% | $18.89 | $0.4 |
| 2016 | 32.33 | 40.02% | $15.52 | $0.48 |
| 2015 | 23.09 | 28.28% | $15.7 | $0.68 |
| 2014 | 18 | -20.18% | $17.28 | $0.96 |
| 2013 | 22.55 | 216.71% | $14.88 | $0.66 |
| 2012 | 7.12 | N/A | $12.74 | $1.79 |
| 2011 | N/A | N/A | $11.75 | -$1.13 |
| 2010 | N/A | N/A | $13.02 | -$1.81 |
COMMERCIAL METALS PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Feb 2025 | 78.13 | 44.39% | $48.44 | $0.62 |
| Nov 2024 | 54.11 | 323.06% | $61.69 | $1.14 |
| Aug 2024 | 12.79 | 10.35% | $53.59 | $4.19 |
| May 2024 | 11.59 | 25.16% | $56.32 | $4.86 |
| Feb 2024 | 9.26 | 35.18% | $54 | $5.83 |
| Nov 2023 | 6.85 | -10.69% | $45.33 | $6.62 |
| Aug 2023 | 7.67 | 46.93% | $56.29 | $7.34 |
| May 2023 | 5.22 | -11.53% | $42.75 | $8.19 |
| Feb 2023 | 5.9 | 24.74% | $51.75 | $8.77 |
| Nov 2022 | 4.73 | 17.96% | $49.22 | $10.4 |
| Aug 2022 | 4.01 | -9.89% | $40.51 | $10.09 |
| May 2022 | 4.45 | -14.42% | $39.73 | $8.92 |
| Feb 2022 | 5.2 | -19% | $38.55 | $7.42 |
| Nov 2021 | 6.42 | -32.49% | $30.9 | $4.81 |
| Aug 2021 | 9.51 | -17.23% | $32.62 | $3.43 |
CMC Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
CMC average PE ratio chart
The current PE ratio of CMC is greater than its 3, 5 and 10-year historical averages.
CMC PE vs peers
Compared to its peer X, CMC's PE ratio stands lower, however it is higher than NUE's and STLD's. COMMERCIAL METALS's current PE ratio of 77.48 is comparable to the average of its peer group, which is 22.97.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MLI Mueller Industries Inc | 14.04 | $8.7B |
| AP Ampco Pittsburgh Corp | 14.29 | $60.28M |
| STLD Steel Dynamics Inc | 17.81 | $20.17B |
| NUE Nucor Corp | 20.49 | $26.66B |
| WOR Worthington Industries Inc | 49.19 | $2.97B |
| CMC COMMERCIAL METALS Co | 76.85 | $5.38B |
| X United States Steel Corp | 93.45 | $9.31B |
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Frequently asked questions
What is COMMERCIAL METALS's PE ratio?
The price to earnings ratio for CMC stock is 77.48 as of May 16, 2025.
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 17.06.
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 13.68.
What is the highest PE ratio for CMC?
The highest quarterly PE ratio in the last ten years has been 78.13 and it was in the Feb 2025 quarter.
How does the current PE ratio for CMC compare to its historical average?
The current price to earnings ratio of CMC is 275% higher than the 10-year historical average.
Why is COMMERCIAL METALS's PE ratio so high?
CMC's PE ratio of 77.48 is considered high because the company's stock price is trading at a higher multiple of 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 (May 16, 2025), COMMERCIAL METALS's stock price is $48.04. The earnings per share for the trailing twelve months (TTM) ending Feb 2025 is $0.62. Therefore, COMMERCIAL METALS's P/E ratio for today is 77.48. PE RATIO(77.48) = STOCK PRICE($48.04) / TTM EPS($0.62)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.