The current PE ratio for Hyster-Yale Materials Handling stock as of Jul 26, 2024 is 8.93. This is calculated based on the TTM EPS of $8.75 and the stock price of $78.14 per share. The PE ratio has decreased by 29% from its last 4 quarters average of 12.5.
The average historical PE ratio of Hyster-Yale Materials Handling for the last ten years is 22.26. The current price-to-earnings ratio of 8.93 is 60% less than the historical average. Analyzing the last ten years, HY's PE ratio reached its highest point in the Mar 2021 quarter at 53.78, when the price was $87.12 and the EPS was $1.62. The lowest point was recorded in the Sep 2023 quarter, when it reached 7.04 with a price of $44.58 and an EPS of $6.33.
Maximum annual increase: 113.36% in 2016
Maximum annual decrease: -21.82% in 2014
Year | PE ratio | Change |
---|---|---|
2023 | 8.46 | N/A |
2022 | N/A | N/A |
2021 | N/A | N/A |
2020 | 26.95 | -1.71% |
2019 | 27.42 | -7.05% |
2018 | 29.5 | 2.18% |
2017 | 28.87 | 18.17% |
2016 | 24.43 | 113.36% |
2015 | 11.45 | 3.43% |
2014 | 11.07 | -21.82% |
The current PE ratio of HY is under its 5 and 10-year averages.
When compared to its peers CMI and MNTX, HY's PE ratio is lower, but it is higher than TEX's and WNC's. Hyster-Yale Materials Handling's PE ratio is trading below the peer average of 11.83.
Stock name | PE ratio | Market cap |
---|---|---|
WNC WABASH NATIONAL Corp | 6.33 | $927.5M |
TEX Terex Corp | 8.75 | $4.49B |
HY Hyster-Yale Materials Handling Inc | 8.93 | $1.37B |
MNTX Manitex International Inc | 11.04 | $103.45M |
CMI Cummins Inc | 21.18 | $39.72B |
HY stock has a price to earnings ratio of 8.93 as of Jul 26, 2024.
As an average over the last 5 years, HY stock has a PE ratio of 24.25.
Over the last ten years, the Mar 2021 quarter recorded the highest quarterly PE ratio at 53.78.
The current PE ratio of HY is 60% lower than the 10-year historical average.
HY's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 26, 2024), Hyster-Yale Materials Handling's share price is $78.14. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $8.75. Therefore, Hyster-Yale Materials Handling's price to earnings ratio for today is 8.93. PE RATIO(8.93) = STOCK PRICE($78.14) / TTM EPS($8.75)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.