As of Jul 26, 2024, the Mccormick stock's PE ratio is 27.46. This takes into account the latest EPS of $2.76 and stock price of $75.79. The PE ratio at present is nearly equal to the average from the previous 4 quarters.
The PE ratio of Mccormick has averaged 27.77 over the last ten years. The current P/E ratio of 27.46 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 lower than its 3, 5 and 10-year averages.
In comparison to its peers CAG and THS, MKC's PE ratio is lower, but it is higher than PEP's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PEP Pepsico Inc | 24.93 | $237.28B |
| MKC Mccormick & Co Inc | 27.46 | $20.36B |
| CAG Conagra Brands Inc | 41.01 | $14.32B |
| THS TreeHouse Foods Inc | 84.22 | $2.04B |
| HAIN Hain Celestial Group Inc | N/A | $667.54M |
| TSN Tyson Foods Inc | N/A | $21.72B |
The price to earnings ratio for MKC stock as of Jul 26, 2024, stands at 27.46.
Over the last 3 years, the average price to earnings ratio for MKC stock is 30.98.
Over the last 5 years, the average price to earnings ratio for MKC stock is 31.17.
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 1.1% below 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 (Jul 26, 2024), Mccormick's share price is $75.79. The company's earnings per share for the trailing twelve months (TTM) ending May 2024 is $2.76. Therefore, Mccormick's PE ratio for today is 27.46. PE RATIO(27.46) = STOCK PRICE($75.79) / TTM EPS($2.76)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.