Back to NEU overview

NEU Newmarket PE ratio, current and historical analysis

The current PE ratio for Newmarket stock as of Jun 21, 2024 is 12.57. This is calculated based on the current EPS of $41.58 and the stock price of $522.82 per share. The current price-to-earnings ratio is about the same as the last 4 quarters average.

NEU PE ratio history

How has NEU's PE ratio performed in the past

The average historical PE ratio of Newmarket for the last ten years is 18.85. The current PE ratio of 12.57 is 33% below the historical average. Over the past ten years, NEU's PE ratio was at its highest in the Jun 2018 quarter at 26.86, when the stock price was $404.5 and the EPS was $15.06. The lowest value was in the Sep 2023 quarter, when it reached 11.04 with a price of $455.04 and an EPS of $41.22.

Average
18.85
Median
19.8
Minimum
11.04
Maximum
26.86

Newmarket PE ratio by year

Maximum annual increase: 30.73% in 2014

Maximum annual decrease: -42.12% in 2022

Year PE ratio Change
2023 13.5 20.54%
2022 11.2 -42.12%
2021 19.35 19.74%
2020 16.16 -24.49%
2019 21.4 5.63%
2018 20.26 -18.01%
2017 24.71 19.78%
2016 20.63 5.42%
2015 19.57 -10.84%
2014 21.95 30.73%

NEU average PE ratio chart

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

NEU's current P/E ratio is below the 3, 5 and 10-year averages.

3-year avg
14.2
5-year avg
15.58
10-year avg
18.85
15-year avg
16.72

NEU PE vs peers

What is NEU's PE ratio compared to its peers

Compared to its peer stocks XOM and CVX, NEU's PE ratio stands lower.

Stock name PE ratio Market cap
NEU Newmarket Corp 12.57 $5.02B
XOM Exxon Mobil Corp 13.57 $436.73B
CVX Chevron Corp 14.22 $286.8B
IOSP Innospec Inc 20.82 $3.07B
GEVO Gevo Inc N/A $139.38M

Frequently asked questions

What is Newmarket's PE ratio?

The price to earnings ratio for NEU stock as of Jun 21, 2024, stands at 12.57.

What is the 3-year average PE ratio for Newmarket (NEU)?

As an average over the last 3 years, NEU stock has a PE ratio of 14.2.

What is the 5-year average PE ratio for Newmarket (NEU)?

As an average over the last 5 years, NEU stock has a PE ratio of 15.58.

What is the highest PE ratio for NEU?

The highest quarterly PE ratio in the last ten years has been 26.86 and it was in the Jun 2018 quarter.

How does the current PE ratio for NEU compare to its historical average?

The current price to earnings ratio of NEU is 33% lower than the 10-year historical average.

How is NEU's PE ratio calculated (Newmarket PE ratio formula)?

The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jun 21, 2024), Newmarket's stock price is $522.82. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $41.58. Therefore, Newmarket's P/E ratio for today is 12.57. PE RATIO(12.57) = STOCK PRICE($522.82) / TTM EPS($41.58)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.