M
Macy's
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: M
- PE Ratio
The current PE ratio for Macy's stock as of Jun 16, 2026 is 10.1. This is calculated based on the TTM EPS of $2.47 and the stock price of $24.94 per share. The PE ratio has grown by 17% from its last 4 quarters average of 8.6.
M PE ratio history
The average historical PE ratio of Macy's for the last ten years is 12.83. The current P/E ratio of 10.1 is 21% lower than the historical average. Looking back at the last ten years, M's PE ratio peaked in the Feb 2024 quarter at 116.44, when the price was $18.63 and the EPS was $0.16. The lowest point was in the Jul 2022 quarter, when it reached 3.36 with a price of $17.65 and an EPS of $5.25.
Macy's PE ratio by year
Maximum annual increase: 2,005.61% in 2024
Maximum annual decrease: -93.63% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2026 | 8.45 | 13.88% | $20.02 | $2.37 |
| 2025 | 7.42 | -93.63% | $15.58 | $2.1 |
| 2024 | 116.44 | 2,005.61% | $18.63 | $0.16 |
| 2023 | 5.53 | 1.28% | $23.08 | $4.17 |
| 2022 | 5.46 | N/A | $25.44 | $4.66 |
| 2021 | N/A | N/A | $15.04 | -$12.68 |
| 2020 | 8.76 | 22.52% | $15.95 | $1.82 |
| 2019 | 7.15 | 47.42% | $25.73 | $3.6 |
| 2018 | 4.85 | -66.18% | $24.89 | $5.13 |
| 2017 | 14.34 | 15.65% | $29.11 | $2.03 |
| 2016 | 12.4 | -16.55% | $40.41 | $3.26 |
| 2015 | 14.86 | 9.75% | $63.88 | $4.3 |
| 2014 | 13.54 | 12.74% | $53.2 | $3.93 |
| 2013 | 12.01 | 5.07% | $39.51 | $3.29 |
| 2012 | 11.43 | -0.61% | $33.82 | $2.96 |
Macy's PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| May 2026 | 7.97 | -5.68% | $19.69 | $2.47 |
| Jan 2026 | 8.45 | -24.55% | $20.02 | $2.37 |
| Nov 2025 | 11.2 | 63.03% | $19.49 | $1.74 |
| Aug 2025 | 6.87 | 16.05% | $12.36 | $1.8 |
| May 2025 | 5.92 | -20.22% | $11.95 | $2.02 |
| Feb 2025 | 7.42 | -81.05% | $15.58 | $2.1 |
| Nov 2024 | 39.15 | 8.15% | $15.27 | $0.39 |
| Aug 2024 | 36.2 | N/A | $15.93 | $0.44 |
| May 2024 | N/A | N/A | $19.52 | -$0.18 |
| Feb 2024 | 116.44 | 2,271.49% | $18.63 | $0.16 |
| Oct 2023 | 4.91 | -20.68% | $11.68 | $2.38 |
| Jul 2023 | 6.19 | 41% | $16.27 | $2.63 |
| Apr 2023 | 4.39 | -20.61% | $16.34 | $3.72 |
| Jan 2023 | 5.53 | 28.31% | $23.08 | $4.17 |
| Oct 2022 | 4.31 | 28.27% | $21.01 | $4.87 |
M Price vs fair value
M average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of M is lower than its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 10.1, M ranks lower than the Consumer Cyclical sector and its peers average. In comparison with the Consumer Cyclical sector average of 20.77, Macy's price to earnings (P/E) is 51% lower.
M PE vs peers
M's PE ratio stands lower than its peer stocks TJX and TGT, but it is higher than KSS's. Macy's is currently trading at a lower PE ratio (10.1) than its peers average of 17.36.
| Stock name | PE ratio | Market cap |
|---|---|---|
| KSS KOHLS Corp | 6.8 | $1.87B |
| M Macy's Inc | 10.1 | $6.56B |
| DDS Dillard'S Inc | 13.11 | $8.61B |
| TGT Target Corp | 17.53 | $60.59B |
| TJX Tjx Companies Inc | 31.98 | $183.73B |
Frequently asked questions
What is Macy's PE ratio?
The price to earnings ratio for M stock is 10.1 as of Jun 16, 2026.
What is the 3-year average PE ratio for Macy's (M)?
Over the last 3 years, the average price to earnings ratio for M stock is 22.79.
What is the 5-year average PE ratio for Macy's (M)?
Over the last 5 years, the average price to earnings ratio for M stock is 15.69.
What is the highest PE ratio for M?
The highest quarterly PE ratio in the last ten years has been 116.44 and it was in the Feb 2024 quarter.
How does the current PE ratio for M compare to its historical average?
The current PE ratio of M is 21% lower than the 10-year historical average.
How is M's PE ratio calculated (Macy's PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 16, 2026), Macy's share price is $24.94. The company's earnings per share for the trailing twelve months (TTM) ending May 2026 is $2.47. Therefore, Macy's PE ratio for today is 10.1. PE RATIO(10.1) = STOCK PRICE($24.94) / TTM EPS($2.47)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.