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.
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.
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's current P/E ratio is below the 3, 5 and 10-year averages.
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 |
The price to earnings ratio for NEU stock as of Sep 28, 2023, stands at 12.88.
As an average over the last 3 years, NEU stock has a PE ratio of 14.83.
As an average over the last 5 years, NEU stock has a PE ratio of 16.99.
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 33% 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 (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.