MLM Martin Marietta Materials PE ratio, current and historical analysis
- Stocks
- Basic Materials
- NYSE: MLM
- PE Ratio
As of Jul 10, 2025, the Martin Marietta Materials stock's PE ratio is 32.38. This takes into account the latest EPS of $17.43 and stock price of $564.38. The PE ratio has grown by 69% from its last 4 quarters average of 19.1.
MLM PE ratio history
The PE ratio of Martin Marietta Materials has averaged 26.09 over the last ten years. The current P/E ratio of 32.38 is 24% higher 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 Sep 2018 quarter, when it reached 15.25 with a price of $181.95 and an EPS of $11.93.
Martin Marietta Materials PE ratio by year
Maximum annual increase: 59.28% in 2021
Maximum annual decrease: -41.19% in 2017
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| 2010 | 43.72 | -6.12% | $92.24 | $2.11 |
Martin Marietta Materials PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jun 2022 | 23.36 | -35.91% | $299.24 | $12.81 |
| Mar 2022 | 36.45 | -6.83% | $384.89 | $10.56 |
| Dec 2021 | 39.12 | 33.74% | $440.52 | $11.26 |
| Sep 2021 | 29.25 | 2.42% | $341.68 | $11.68 |
MLM Price vs fair value
MLM average PE ratio chart
MLM's current PE ratio is higher than the 3, 5 and 10-year averages.
MLM PE vs peers
MLM's PE ratio stands lower than its peer stock VMC, but it is higher than OXY's and USLM's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OXY Occidental Petroleum Corp | 17.77 | $45.12B |
| USLM United States Lime & Minerals Inc | 24.17 | $2.92B |
| MLM Martin Marietta Materials Inc | 32.38 | $34.02B |
| VMC Vulcan Materials CO | 38.18 | $35.76B |
Frequently asked questions
What is Martin Marietta Materials's PE ratio?
MLM's price to earnings ratio is 32.38 as of Jul 10, 2025.
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 22.38.
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 25.1.
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 24% above 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 (Jul 10, 2025), Martin Marietta Materials's share price is $564.38. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $17.43. Therefore, Martin Marietta Materials's PE ratio for today is 32.38. PE RATIO(32.38) = STOCK PRICE($564.38) / TTM EPS($17.43)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.