As of Nov 5, 2025, the MDU stock has a PE ratio of 18.58. The calculation is based on the latest EPS of $1.06 and the stock price of $19.69 per share. An increase of 33% has been observed in the PE ratio compared to its average of 14.0 of the past four quarters.
The mean historical PE ratio of Mdu Resources Group over the last ten years is 21.26. The current 18.58 price-to-earnings ratio is 13% less than the historical average. Analyzing the last ten years, MDU's PE ratio reached its highest point in the Sep 2016 quarter at 97.85, with a price of $25.44 and an EPS of $0.26. The Dec 2023 quarter saw the lowest point at 9.71, with a price of $19.8 and an EPS of $2.04.
Maximum annual increase: 34.5% in 2024
Maximum annual decrease: -78.58% in 2017
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 13.06 | 34.5% | $18.02 | $1.38 |
| 2023 | 9.71 | -42.06% | $19.8 | $2.04 |
| 2022 | 16.76 | 1.64% | $30.34 | $1.81 |
| 2021 | 16.49 | 22.06% | $30.84 | $1.87 |
| 2020 | 13.51 | -23.15% | $26.34 | $1.95 |
| 2019 | 17.58 | 2.51% | $29.71 | $1.69 |
| 2018 | 17.15 | -8.14% | $23.84 | $1.39 |
| 2017 | 18.67 | -78.58% | $26.88 | $1.44 |
| 2016 | 87.18 | N/A | $28.77 | $0.33 |
| 2015 | N/A | N/A | $18.32 | -$3.2 |
| 2014 | 15.16 | -27.05% | $23.5 | $1.55 |
| 2013 | 20.78 | N/A | $30.55 | $1.47 |
| 2012 | N/A | N/A | $21.24 | -$0.01 |
| 2011 | 19.16 | 20.96% | $21.46 | $1.12 |
| 2010 | 15.84 | N/A | $20.27 | $1.28 |
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2025 | 15.73 | 19.98% | $16.67 | $1.06 |
| Mar 2025 | 13.11 | 0.38% | $16.91 | $1.29 |
| Dec 2024 | 13.06 | -6.58% | $18.02 | $1.38 |
| Sep 2024 | 13.98 | 11.93% | $27.41 | $1.96 |
| Jun 2024 | 12.49 | 16.51% | $25.1 | $2.01 |
| Mar 2024 | 10.72 | 10.4% | $25.2 | $2.35 |
| Dec 2023 | 9.71 | -11.73% | $19.8 | $2.04 |
| Sep 2023 | 11 | 12.36% | $19.58 | $1.78 |
| Jun 2023 | 9.79 | -40.59% | $20.94 | $2.14 |
| Mar 2023 | 16.48 | -1.67% | $30.48 | $1.85 |
| Dec 2022 | 16.76 | 2.32% | $30.34 | $1.81 |
| Sep 2022 | 16.38 | -1.68% | $27.35 | $1.67 |
| Jun 2022 | 16.66 | 10.62% | $26.99 | $1.62 |
| Mar 2022 | 15.06 | -8.67% | $26.65 | $1.77 |
| Dec 2021 | 16.49 | 11.12% | $30.84 | $1.87 |
Currently, MDU's PE ratio is above its 3 and 5-year averages, but it is under its 10-year average.
With a price to earnings (P/E) of 18.58, MDU stands lower than the Industrials sector, the industry and its peers average. Looking at the Industrials sector average of 25.78, Mdu Resources Group's price to earnings (P/E) is 28% lower.
MDU's PE ratio is less than its peer stocks SRE and XEL, but it is above BKH's and NWE's. Mdu Resources Group is currently trading at a lower PE ratio (18.58) than its peers average of 21.82.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BKH Black Hills Corp | 16.41 | $4.76B |
| NWE Northwestern Corp | 17.23 | $3.75B |
| AVA Avista Corp | 17.82 | $3.22B |
| NWN Northwest Natural Holding Co | 17.98 | $1.88B |
| MDU Mdu Resources Group Inc | 18.58 | $4.02B |
| SRE Sempra Energy | 22.24 | $60.22B |
| CNP Centerpoint Energy Inc | 24.69 | $25.47B |
| XEL Xcel Energy Inc | 24.8 | $48.26B |
| VMC Vulcan Materials CO | 33.69 | $37.66B |
MDU's price to earnings ratio is 18.58 as of Nov 5, 2025.
As an average over the last 3 years, MDU stock has a PE ratio of 12.98.
As an average over the last 5 years, MDU stock has a PE ratio of 14.0.
Over the last ten years, the Sep 2016 quarter recorded the highest quarterly PE ratio at 97.85.
MDU's current price to earnings ratio is 13% below its 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Nov 5, 2025), Mdu Resources Group's share price is $19.69. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2025 is $1.06. Therefore, Mdu Resources Group's price to earnings ratio for today is 18.58. PE RATIO(18.58) = STOCK PRICE($19.69) / TTM EPS($1.06)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.