The current PE ratio for Hormel Foods stock as of Apr 25, 2024 is 24.16. This is calculated based on the TTM EPS of $1.46 and the stock price of $35.27 per share. The PE ratio has grown by 5% from its last 4 quarters average of 22.9.
The average historical PE ratio of Hormel Foods for the last ten years is 23.98. The current P/E ratio of 24.16 is similar to the historical average. Looking back at the last ten years, HRL's PE ratio peaked in the May 2022 quarter at 29.6, when the price was $52.39 and the EPS was $1.77. The lowest point was in the Oct 2017 quarter, when it reached 18.99 with a price of $30.38 and an EPS of $1.6.
Maximum annual increase: 32.43% in 2020
Maximum annual decrease: -16.53% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 21.65 | -15.16% |
| 2022 | 25.52 | 1.31% |
| 2021 | 25.19 | -14.2% |
| 2020 | 29.36 | 32.43% |
| 2019 | 22.17 | 2.88% |
| 2018 | 21.55 | 13.48% |
| 2017 | 18.99 | -16.53% |
| 2016 | 22.75 | -13.43% |
| 2015 | 26.28 | 14.06% |
| 2014 | 23.04 | 5.64% |
HRL's current PE ratio is higher than the 10-year average, but it is lower than its 3 and 5-year averages.
In comparison to its peer PPC, HRL's PE ratio is lower, but it is higher than CAG's and SEB's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CAG Conagra Brands Inc | 15.71 | $14.95B |
| SEB Seaboard Corp | 15.85 | $3.11B |
| HRL Hormel Foods Corp | 24.16 | $19.32B |
| PPC Pilgrims Pride Corp | 26.38 | $8.5B |
| TSN Tyson Foods Inc | N/A | $21.7B |
The price to earnings ratio for HRL stock is 24.16 as of Apr 25, 2024.
The 3-year average price to earnings ratio for HRL stock is 25.55.
The 5-year average price to earnings ratio for HRL stock is 25.7.
The highest quarterly PE ratio in the last ten years has been 29.6 and it was in the May 2022 quarter.
The current PE ratio of HRL is 0.8% higher than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 25, 2024), Hormel Foods's share price is $35.27. The company's earnings per share for the trailing twelve months (TTM) ending Jan 2024 is $1.46. Therefore, Hormel Foods's PE ratio for today is 24.16. PE RATIO(24.16) = STOCK PRICE($35.27) / TTM EPS($1.46)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.