As at Apr 26, 2024, the MLI stock has a price-to-earnings ratio of 11.24. This is based on the current EPS of $5.1 and the stock price of $57.33 per share. An increase of 34% has been recorded in the PE ratio compared to the average of 8.4 of the last four quarters.
The mean historical PE ratio of Mueller Industries over the last ten years is 14.27. The current 11.24 P/E ratio is 21% lower than the historical average. In the past ten years, MLI's PE ratio peaked in the Dec 2017 quarter at 23.62, with a price of $17.72 and an EPS of $0.75. The Jun 2022 quarter marked the lowest point at 4.52, with a price of $26.69 and an EPS of $5.9.
Maximum annual increase: 85.57% in 2014
Maximum annual decrease: -49.86% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.72 | 74.4% |
| 2022 | 5 | -28.57% |
| 2021 | 7 | -49.86% |
| 2020 | 13.96 | -20% |
| 2019 | 17.45 | 37.19% |
| 2018 | 12.72 | -46.15% |
| 2017 | 23.62 | 4.05% |
| 2016 | 22.7 | 26.46% |
| 2015 | 17.95 | -4.42% |
| 2014 | 18.78 | 85.57% |
The current PE ratio of MLI is higher than its 3 and 5-year historical averages, but it is lower than the 10-year average.
MLI's PE ratio stands lower than its peer stock KALU, but it is higher than SPLP's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SPLP Steel Partners Holdings Lp | 5.22 | $761.43M |
| MLI Mueller Industries Inc | 11.24 | $6.51B |
| KALU Kaiser Aluminum Corp | 27.28 | $1.53B |
| AA Alcoa Corp | N/A | $6.62B |
| TG Tredegar Corp | N/A | $225.87M |
As of Apr 26, 2024, MLI stock has a price to earnings ratio of 11.24.
The 3-year average price to earnings ratio for MLI stock is 6.89.
The 5-year average price to earnings ratio for MLI stock is 9.77.
In the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 23.62.
MLI's current price to earnings ratio is 21% below its 10-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 26, 2024), Mueller Industries's stock price is $57.33. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.1. Therefore, Mueller Industries's PE ratio for today is 11.24. PE RATIO(11.24) = STOCK PRICE($57.33) / TTM EPS($5.1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.