The price-to-earnings ratio for Mayville Engineering stock stands at 14.04 as of Jul 18, 2025. This is calculated based on the current EPS of $1.09 and the stock price of $15.3 per share. A decrease of 40% has been recorded in the P/E ratio compared to the average of 23.5 of the last 4 quarters.
Over the last six years, the average PE ratio of Mayville Engineering has been 41.11. The current 14.04 PE ratio is 66% below the historical average. In the past six years, MEC's PE ratio was at its highest in the Jun 2020 quarter at 158, with a price of $7.9 and an EPS of $0.05. The Mar 2025 quarter recorded the bottom point at 12.32, with a price of $13.43 and an EPS of $1.09.
Maximum annual increase: 175.8% in 2023
Maximum annual decrease: -67.11% in 2024
Year | PE ratio | PE change | Price | EPS |
---|---|---|---|---|
2024 | 12.48 | -67.11% | $15.72 | $1.26 |
2023 | 37.95 | 175.8% | $14.42 | $0.38 |
2022 | 13.76 | N/A | $12.66 | $0.92 |
2021 | N/A | N/A | $14.91 | -$0.37 |
2020 | N/A | N/A | $13.42 | -$0.36 |
2019 | N/A | N/A | $9.38 | -$0.27 |
2018 | N/A | N/A | N/A | $1.29 |
2017 | N/A | N/A | N/A | $0.37 |
Year | PE ratio | PE change | Price | EPS |
---|---|---|---|---|
Mar 2025 | 12.32 | -1.28% | $13.43 | $1.09 |
Dec 2024 | 12.48 | -65.66% | $15.72 | $1.26 |
Sep 2024 | 36.34 | 11.23% | $21.08 | $0.58 |
Jun 2024 | 32.67 | -6.52% | $16.66 | $0.51 |
Mar 2024 | 34.95 | -7.91% | $14.33 | $0.41 |
Dec 2023 | 37.95 | 38.35% | $14.42 | $0.38 |
Sep 2023 | 27.43 | 43.09% | $10.97 | $0.4 |
Jun 2023 | 19.17 | 10.49% | $12.46 | $0.65 |
Mar 2023 | 17.35 | 26.09% | $14.92 | $0.86 |
Dec 2022 | 13.76 | -72.52% | $12.66 | $0.92 |
Sep 2022 | 50.08 | N/A | $6.51 | $0.13 |
Jun 2022 | N/A | N/A | $7.74 | -$0.18 |
Mar 2022 | N/A | N/A | $9.37 | -$0.31 |
Dec 2021 | N/A | N/A | $14.91 | -$0.37 |
Sep 2021 | 53.71 | -22.54% | $18.8 | $0.35 |
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
MEC's current P/E ratio is lower than the 3 and 5-year averages.
The price to earnings ratio for MEC stock is 14.04 as of Jul 18, 2025.
As an average over the last 3 years, MEC stock has a PE ratio of 26.77.
As an average over the last 5 years, MEC stock has a PE ratio of 32.12.
Over the last six years, the quarterly PE ratio reached a historic high of 158 in the Jun 2020 quarter.
The current price to earnings ratio of MEC is 66% lower than the 6-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 18, 2025), Mayville Engineering's stock price is $15.3. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $1.09. Therefore, Mayville Engineering's P/E ratio for today is 14.04. PE RATIO(14.04) = STOCK PRICE($15.3) / TTM EPS($1.09)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.