The current PE ratio for Hormel Foods stock as of Jul 25, 2024 is 22.58. This is calculated based on the TTM EPS of $1.41 and the stock price of $31.84 per share. The PE ratio marks a decrease of 3.2% from its last 4 quarters average of 23.3.
The average historical PE ratio of Hormel Foods for the last ten years is 24.05. The current P/E ratio of 22.58 is 6% lower than 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 lower than its 3, 5 and 10-year averages.
In comparison to its peer CAG, HRL's PE ratio is lower, but it is higher than PPC's and SEB's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SEB Seaboard Corp | 13.25 | $3.07B |
| PPC Pilgrims Pride Corp | 20.01 | $9.86B |
| HRL Hormel Foods Corp | 22.7 | $17.55B |
| CAG Conagra Brands Inc | 41.01 | $14.32B |
| TSN Tyson Foods Inc | N/A | $21.72B |
The price to earnings ratio for HRL stock is 22.58 as of Jul 25, 2024.
The 3-year average price to earnings ratio for HRL stock is 25.13.
The 5-year average price to earnings ratio for HRL stock is 25.88.
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 6% lower 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 (Jul 25, 2024), Hormel Foods's share price is $31.84. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2024 is $1.41. Therefore, Hormel Foods's PE ratio for today is 22.58. PE RATIO(22.58) = STOCK PRICE($31.84) / TTM EPS($1.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.