The current PE ratio for Mckesson stock as of May 2, 2024 is 23.84. This is calculated based on the TTM EPS of $22.24 and the stock price of $530.27 per share. The PE ratio has grown by 41% from its last 4 quarters average of 16.9.
The average historical PE ratio of Mckesson for the last ten years is 62.87. The current price-to-earnings ratio of 23.84 is 62% less than the historical average. Analyzing the last ten years, MCK's PE ratio reached its highest point in the Mar 2019 quarter at 688.59, when the price was $117.06 and the EPS was $0.17. The lowest point was recorded in the Mar 2017 quarter, when it reached 6.46 with a price of $148.26 and an EPS of $22.95.
Maximum annual increase: 6,714.55% in 2018
Maximum annual decrease: -96.06% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.11 | -66.26% |
| 2022 | 41.82 | N/A |
| 2021 | N/A | N/A |
| 2020 | 27.16 | -96.06% |
| 2019 | 688.59 | 56.42% |
| 2018 | 440.22 | 6,714.55% |
| 2017 | 6.46 | -59.65% |
| 2016 | 16.01 | -54.91% |
| 2015 | 35.51 | 10.8% |
| 2014 | 32.05 | 69.49% |
Currently, MCK's PE ratio is above its 3-year average, but it is under its 5 and 10-year averages.
When compared to its peer CAH, MCK's PE ratio is lower, but it is higher than HSIC's and PINC's. Mckesson's PE ratio is trading above the peer average of 22.32.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PDCO Patterson Companies Inc | 12.47 | $2.28B |
| PINC Premier Inc | 15.16 | $2.54B |
| HSIC Henry Schein Inc | 21.57 | $8.82B |
| MCK Mckesson Corp | 23.84 | $69.68B |
| CAH Cardinal Health Inc | 45.17 | $25.08B |
| OMI Owens & Minor Inc | N/A | $1.88B |
MCK stock has a price to earnings ratio of 23.84 as of May 2, 2024.
The 3-year average PE ratio for MCK stock is 23.68.
The 5-year average PE ratio for MCK stock is 24.81.
Over the last ten years, the Mar 2019 quarter recorded the highest quarterly PE ratio at 688.59.
The current PE ratio of MCK is 62% lower than the 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (May 2, 2024), Mckesson's share price is $530.27. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $22.24. Therefore, Mckesson's price to earnings ratio for today is 23.84. PE RATIO(23.84) = STOCK PRICE($530.27) / TTM EPS($22.24)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.