NEU Newmarket PE ratio, current and historical analysis
The current PE ratio for Newmarket stock as of Nov 21, 2024 is 11.91. This is calculated based on the current EPS of $45.04 and the stock price of $536.33 per share. The P/E ratio has a decrease of 10% from the past four quarters average of 13.3.
NEU PE ratio history
The average historical PE ratio of Newmarket for the last ten years is 18.44. The current PE ratio of 11.91 is 35% 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.
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
NEU's current P/E ratio is below the 3, 5 and 10-year averages.
NEU PE vs peers
Compared to its peer stocks XOM and CVX, NEU's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NEU Newmarket Corp | 12.04 | $5.2B |
| XOM Exxon Mobil Corp | 15.24 | $537.92B |
| CVX Chevron Corp | 17.7 | $290.75B |
| IOSP Innospec Inc | 20.75 | $2.99B |
| GEVO Gevo Inc | N/A | $356.72M |
Frequently asked questions
What is Newmarket's PE ratio?
The price to earnings ratio for NEU stock as of Nov 21, 2024, stands at 11.91.
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 13.91.
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 14.93.
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 35% 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 (Nov 21, 2024), Newmarket's stock price is $536.33. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $45.04. Therefore, Newmarket's P/E ratio for today is 11.91. PE RATIO(11.91) = STOCK PRICE($536.33) / TTM EPS($45.04)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.