The current PE ratio for Hyster-Yale Materials Handling stock as of May 3, 2024 is 8.0. This is calculated based on the TTM EPS of $7.35 and the stock price of $58.8 per share.
The average historical PE ratio of Hyster-Yale Materials Handling for the last ten years is 22.47. The current price-to-earnings ratio of 8.0 is 64% 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 11.46.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WNC WABASH NATIONAL Corp | 5.49 | $1.05B |
| TEX Terex Corp | 7.65 | $3.93B |
| HY Hyster-Yale Materials Handling Inc | 8 | $1.03B |
| MNTX Manitex International Inc | 12.22 | $114.45M |
| CMI Cummins Inc | 20.48 | $38.4B |
HY stock has a price to earnings ratio of 8 as of May 3, 2024.
As an average over the last 5 years, HY stock has a PE ratio of 25.91.
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 64% 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 (May 3, 2024), Hyster-Yale Materials Handling's share price is $58.8. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $7.35. Therefore, Hyster-Yale Materials Handling's price to earnings ratio for today is 8. PE RATIO(8) = STOCK PRICE($58.8) / TTM EPS($7.35)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.