As of May 16, 2024, the Mccormick stock's PE ratio is 28.21. This takes into account the latest EPS of $2.64 and stock price of $74.48. The PE ratio marks a decrease of 4.8% from its last 4 quarters average of 29.6.
The PE ratio of Mccormick has averaged 27.71 over the last ten years. The current P/E ratio of 28.21 is similar to the historical average. Looking back at the last ten years, MKC's PE ratio peaked in the May 2022 quarter at 36.36, when the price was $92.72 and the EPS was $2.55. The lowest point was in the May 2018 quarter, when it reached 15.78 with a price of $50.5 and an EPS of $3.2.
Maximum annual increase: 51.11% in 2019
Maximum annual decrease: -23.91% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 25.52 | -23.91% |
| 2022 | 33.54 | 10.58% |
| 2021 | 30.33 | -9.16% |
| 2020 | 33.39 | 4.57% |
| 2019 | 31.93 | 51.11% |
| 2018 | 21.13 | -21.83% |
| 2017 | 27.03 | 10.82% |
| 2016 | 24.39 | -10.86% |
| 2015 | 27.36 | 24.42% |
| 2014 | 21.99 | -6.31% |
The current PE ratio of MKC is higher than its 10-year average, but it is lower than its 3 and 5-year averages.
In comparison to its peer THS, MKC's PE ratio is lower, but it is higher than PEP's and CAG's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CAG Conagra Brands Inc | 15.57 | $14.82B |
| PEP Pepsico Inc | 27.41 | $251.74B |
| MKC Mccormick & Co Inc | 28.21 | $19.99B |
| THS TreeHouse Foods Inc | 77 | $1.86B |
| HAIN Hain Celestial Group Inc | N/A | $669.34M |
| TSN Tyson Foods Inc | N/A | $21.69B |
The price to earnings ratio for MKC stock as of May 16, 2024, stands at 28.21.
Over the last 3 years, the average price to earnings ratio for MKC stock is 31.43.
Over the last 5 years, the average price to earnings ratio for MKC stock is 31.36.
The highest quarterly PE ratio in the last ten years has been 36.36 and it was in the May 2022 quarter.
MKC's price to earnings ratio is currently 1.8% above its 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 16, 2024), Mccormick's share price is $74.48. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2024 is $2.64. Therefore, Mccormick's PE ratio for today is 28.21. PE RATIO(28.21) = STOCK PRICE($74.48) / TTM EPS($2.64)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.