The current PE ratio for Newmarket stock as of May 3, 2024 is 13.15. This is calculated based on the current EPS of $41.58 and the stock price of $546.89 per share. The P/E ratio has increased by 3.2% from the past four quarters average of 12.7.
The average historical PE ratio of Newmarket for the last ten years is 18.85. The current PE ratio of 13.15 is 30% 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.
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's current P/E ratio is below the 3, 5 and 10-year averages.
Compared to its peer stocks XOM and CVX, NEU's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NEU Newmarket Corp | 13.15 | $5.25B |
| XOM Exxon Mobil Corp | 14.22 | $457.39B |
| CVX Chevron Corp | 14.67 | $295.98B |
| IOSP Innospec Inc | 21.73 | $3.03B |
| GEVO Gevo Inc | N/A | $155.82M |
The price to earnings ratio for NEU stock as of May 3, 2024, stands at 13.15.
As an average over the last 3 years, NEU stock has a PE ratio of 14.2.
As an average over the last 5 years, NEU stock has a PE ratio of 15.58.
The highest quarterly PE ratio in the last ten years has been 26.86 and it was in the Jun 2018 quarter.
The current price to earnings ratio of NEU is 30% lower than the 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (May 3, 2024), Newmarket's stock price is $546.89. 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 13.15. PE RATIO(13.15) = STOCK PRICE($546.89) / TTM EPS($41.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.