The current P/E ratio for Darden Restaurants stock as of Jul 25, 2024 is 16.56. This is calculated based on the TTM EPS of $8.57 and the stock price of $141.9 per share. The PE ratio has decreased by 12% from its last 4 quarters average of 18.7.
The average historical PE ratio of Darden Restaurants for the last ten years is 19.81. The current price-to-earnings ratio of 16.56 is 16% less than the historical average. Analyzing the last ten years, DRI's PE ratio reached its highest point in the May 2021 quarter at 29.65, when the price was $143.23 and the EPS was $4.83. The lowest point was recorded in the Aug 2014 quarter, when it reached 8.73 with a price of $47.57 and an EPS of $5.45.
Maximum annual increase: 94.66% in 2016
Maximum annual decrease: -48.13% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 17.22 | -13.94% |
| 2023 | 20.01 | 18.4% |
| 2022 | 16.9 | -43% |
| 2021 | 29.65 | N/A |
| 2020 | N/A | N/A |
| 2019 | 20.78 | 13.74% |
| 2018 | 18.27 | -20.01% |
| 2017 | 22.84 | -0.48% |
| 2016 | 22.95 | 94.66% |
| 2015 | 11.79 | -48.13% |
Currently, DRI's PE ratio is under its 3, 5 and 10-year averages.
DRI's PE ratio is less than its peer stocks BLMN and BJRI, but it is above CBRL's and DIN's. Darden Restaurants is currently trading at a lower PE ratio (16.56) than its peers average of 20.24.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DIN Dine Brands Global Inc | 6.14 | $530.84M |
| CBRL Cracker Barrel Old Country Store Inc | 16 | $970.02M |
| DRI Darden Restaurants Inc | 16.6 | $16.91B |
| BLMN Bloomin' Brands Inc | 23.44 | $1.72B |
| BJRI BJs RESTAURANTS INC | 30.59 | $736.69M |
As of Jul 25, 2024, DRI stock has a price to earnings ratio of 16.56.
The average PE ratio for DRI stock over the past 3 years is 19.18.
The average PE ratio for DRI stock over the past 5 years is 20.4.
Over the last ten years, the quarterly PE ratio reached its highest level at 29.65 in the May 2021 quarter.
The current PE ratio of DRI is 16% lower than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 25, 2024), Darden Restaurants's share price is $141.9. The company's earnings per share for the trailing twelve months (TTM) ending May 2024 is $8.57. Therefore, Darden Restaurants's price to earnings ratio for today is 16.56. PE RATIO(16.56) = STOCK PRICE($141.9) / TTM EPS($8.57)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.