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MLM Martin Marietta Materials PE ratio, current and historical analysis

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

How has MLM's PE ratio performed in the past

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.

Today
32.38
Average
26.09
Median
26.43
Minimum
15.25
Maximum
39.12

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

How does MLM's price compare to its estimated fair value based on its growth

MLM average PE ratio chart

What is the average PE ratio of MLM for the past years

MLM's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
22.38
5-year avg
25.1
10-year avg
26.09
15-year avg
32.89

MLM PE vs peers

What is MLM's PE ratio compared to its 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.