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NEU Newmarket PE ratio, current and historical analysis

The current PE ratio for Newmarket stock as of Sep 28, 2023 is 12.88. This is calculated based on the current EPS of $35.94 and the stock price of $463.03 per share. The P/E ratio has increased by 6% from the past four quarters average of 12.1.

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 19.15. The current PE ratio of 12.88 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 Jun 2023 quarter, when it reached 11.19 with a price of $402.12 and an EPS of $35.94.


Newmarket PE ratio by year

Maximum annual increase: 30.73% in 2014

Maximum annual decrease: -42.12% in 2022

Year PE ratio Change
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%
2013 16.79 14.3%

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
5-year avg
10-year avg
15-year avg

NEU PE vs peers

What is NEU's PE ratio compared to its peers

Compared to its peer IOSP, NEU's PE ratio stands lower, however it is higher than XOM's and CVX's.

Stock name PE ratio Market cap
XOM Exxon Mobil Corp 9.38 $469.33B
CVX Chevron Corp 10.64 $314.82B
NEU Newmarket Corp 12.8 $4.41B
IOSP Innospec Inc 20.26 $2.56B
GEVO Gevo Inc N/A $274.2M

Frequently asked questions

What is Newmarket's PE ratio?

The price to earnings ratio for NEU stock as of Sep 28, 2023, stands at 12.88.

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 14.83.

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 16.99.

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 (Sep 28, 2023), Newmarket's stock price is $463.03. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $35.94. Therefore, Newmarket's P/E ratio for today is 12.88. PE RATIO(12.88) = STOCK PRICE($463.03) / TTM EPS($35.94)

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