MLM
Martin Marietta Materials
PE ratio, current and historical analysis
- Stocks
- Basic Materials
- NYSE: MLM
- PE Ratio
As of Jun 22, 2026, the Martin Marietta Materials stock's PE ratio is 14.51. This takes into account the latest EPS of $42.04 and stock price of $609.88. The PE ratio marks a decrease of 47% from its last 4 quarters average of 27.6.
MLM PE ratio history
The PE ratio of Martin Marietta Materials has averaged 25.67 over the last ten years. The current P/E ratio of 14.51 is 43% lower than the historical average. Looking back at the last ten years, MLM's PE ratio peaked in the Dec 2021 quarter at 39.12, when the price was $440.52 and the EPS was $11.26. The lowest point was in the Mar 2026 quarter, when it reached 14 with a price of $588.68 and an EPS of $42.04.
Martin Marietta Materials PE ratio by year
Maximum annual increase: 108.31% in 2025
Maximum annual decrease: -41.19% in 2017
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 33.1 | 108.31% | $622.66 | $18.81 |
| 2024 | 15.89 | -39.88% | $516.5 | $32.5 |
| 2023 | 26.43 | 8.77% | $498.91 | $18.88 |
| 2022 | 24.3 | -37.88% | $337.97 | $13.91 |
| 2021 | 39.12 | 59.28% | $440.52 | $11.26 |
| 2020 | 24.56 | -14.19% | $283.97 | $11.56 |
| 2019 | 28.62 | 24.22% | $279.64 | $9.77 |
| 2018 | 23.04 | 17.79% | $171.87 | $7.46 |
| 2017 | 19.56 | -41.19% | $221.04 | $11.3 |
| 2016 | 33.26 | 4.95% | $221.53 | $6.66 |
| 2015 | 31.69 | -21.58% | $136.58 | $4.31 |
| 2014 | 40.41 | 5.92% | $110.32 | $2.73 |
| 2013 | 38.15 | -25.95% | $99.94 | $2.62 |
| 2012 | 51.52 | 22.29% | $94.28 | $1.83 |
| 2011 | 42.13 | -3.64% | $75.41 | $1.79 |
Martin Marietta Materials PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 14 | -57.7% | $588.68 | $42.04 |
| Dec 2025 | 33.1 | -0.06% | $622.66 | $18.81 |
| Sep 2025 | 33.12 | 9.2% | $630.28 | $19.03 |
| Jun 2025 | 30.33 | 10.57% | $548.96 | $18.1 |
| Mar 2025 | 27.43 | 72.62% | $478.13 | $17.43 |
| Dec 2024 | 15.89 | -4.96% | $516.5 | $32.5 |
| Sep 2024 | 16.72 | 1.83% | $538.25 | $32.19 |
| Jun 2024 | 16.42 | -9.48% | $541.8 | $33 |
| Mar 2024 | 18.14 | -31.37% | $613.94 | $33.85 |
| Dec 2023 | 26.43 | 11.19% | $498.91 | $18.88 |
| Sep 2023 | 23.77 | -21.4% | $410.48 | $17.27 |
| Jun 2023 | 30.24 | 32.17% | $461.69 | $15.27 |
| Mar 2023 | 22.88 | -5.84% | $355.06 | $15.52 |
| Dec 2022 | 24.3 | 1.63% | $337.97 | $13.91 |
| Sep 2022 | 23.91 | 2.35% | $322.09 | $13.47 |
MLM Price vs fair value
MLM average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
MLM's current PE ratio is lower than its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 14.51, MLM ranks lower than the Basic Materials sector and the industry average. In comparison with the Basic Materials sector average of 21.67, Martin Marietta Materials's price to earnings (P/E) is 33% lower.
MLM PE vs peers
MLM's PE ratio stands lower than its peer stocks VMC and USLM, but it is higher than OXY's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OXY Occidental Petroleum Corp | 12.9 | $51.97B |
| MLM Martin Marietta Materials Inc | 14.38 | $36.29B |
| USLM United States Lime & Minerals Inc | 23.17 | $3.04B |
| VMC Vulcan Materials CO | 35.36 | $38.81B |
Frequently asked questions
What is Martin Marietta Materials's PE ratio?
MLM's price to earnings ratio is 14.51 as of Jun 22, 2026.
What is the 3-year average PE ratio for Martin Marietta Materials (MLM)?
As an average over the last 3 years, MLM stock has a PE ratio of 23.8.
What is the 5-year average PE ratio for Martin Marietta Materials (MLM)?
As an average over the last 5 years, MLM stock has a PE ratio of 25.67.
What is the highest PE ratio for MLM?
Over the last ten years, the Dec 2021 quarter recorded the highest quarterly PE ratio at 39.12.
How does the current PE ratio for MLM compare to its historical average?
MLM's price to earnings ratio is currently 43% below its 10-year historical average.
How is MLM's PE ratio calculated (Martin Marietta Materials PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 22, 2026), Martin Marietta Materials's share price is $609.88. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $42.04. Therefore, Martin Marietta Materials's PE ratio for today is 14.51. PE RATIO(14.51) = STOCK PRICE($609.88) / TTM EPS($42.04)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.