As of May 3, 2024, the Martin Marietta Materials stock's PE ratio is 17.46. This takes into account the latest EPS of $33.85 and stock price of $591.03. The PE ratio marks a decrease of 29% from its last 4 quarters average of 24.6.
The PE ratio of Martin Marietta Materials has averaged 29.18 over the last ten years. The current P/E ratio of 17.46 is 40% lower than the historical average. Looking back at the last ten years, MLM's PE ratio peaked in the Sep 2014 quarter at 53.95, when the price was $128.94 and the EPS was $2.39. 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.
Maximum annual increase: 59.28% in 2021
Maximum annual decrease: -41.19% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 26.43 | 8.77% |
| 2022 | 24.3 | -37.88% |
| 2021 | 39.12 | 59.28% |
| 2020 | 24.56 | -14.19% |
| 2019 | 28.62 | 24.22% |
| 2018 | 23.04 | 17.79% |
| 2017 | 19.56 | -41.19% |
| 2016 | 33.26 | 4.95% |
| 2015 | 31.69 | -21.58% |
| 2014 | 40.41 | 5.92% |
MLM's current PE ratio is lower than its 3, 5 and 10-year averages.
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 | 15.26 | $56.63B |
| MLM Martin Marietta Materials Inc | 17.46 | $36.43B |
| USLM United States Lime & Minerals Inc | 24.26 | $1.94B |
| VMC Vulcan Materials CO | 38.32 | $34.97B |
MLM's price to earnings ratio is 17.46 as of May 3, 2024.
As an average over the last 3 years, MLM stock has a PE ratio of 27.2.
As an average over the last 5 years, MLM stock has a PE ratio of 26.4.
Over the last ten years, the Sep 2014 quarter recorded the highest quarterly PE ratio at 53.95.
MLM's price to earnings ratio is currently 40% 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 (May 3, 2024), Martin Marietta Materials's share price is $591.03. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $33.85. Therefore, Martin Marietta Materials's PE ratio for today is 17.46. PE RATIO(17.46) = STOCK PRICE($591.03) / TTM EPS($33.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.