The current PE ratio for MP Materials stock as of May 2, 2024 is 114.0. This is calculated based on the current EPS of $0.14 and the stock price of $15.96 per share. The PE ratio has grown by 110% from the past four quarters average of 54.2.
The average historical PE ratio of MP Materials for the last three years is 41.59. The current price-to-earnings ratio of 114.0 is 174% more than the historical average. In the past three years, MP's PE ratio reached its highest point in the Dec 2023 quarter at 141.79, when the stock price was $19.85 and the EPS was $0.14. The lowest point was recorded in the Dec 2022 quarter, when it reached 14.8 with a price of $24.28 and an EPS of $1.64.
Maximum annual increase: 858.04% in 2023
Maximum annual decrease: -74.58% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 141.79 | 858.04% |
| 2022 | 14.8 | -74.58% |
| 2021 | 58.23 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
MP's current P/E ratio is above the 3-year average.
MP's PE ratio is above its peer stock OMEX.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OMEX Odyssey Marine Exploration Inc | 88 | $70.34M |
| MP MP Materials Corp | 113.82 | $2.84B |
MP's price to earnings ratio is 114 as of May 2, 2024.
The average PE ratio for MP stock over the past 3 years is 41.59.
In the last three years, the Dec 2023 quarter recorded the highest quarterly PE ratio at 141.79.
The current price to earnings ratio of MP is 174% higher than the 3-year historical average.
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (May 2, 2024), MP Materials's stock price is $15.96. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.14. Therefore, MP Materials's price to earnings ratio for today is 114. PE RATIO(114) = STOCK PRICE($15.96) / TTM EPS($0.14)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.