As of Jul 25, 2024, the Tennant stock's PE ratio is 17.68. This takes into account the latest EPS of $6.12 and stock price of $108.22. The PE ratio has an increase of 9% from its last 4 quarters average of 16.2.
The PE ratio of Tennant has averaged 65.73 over the last ten years. The current price-to-earnings ratio of 17.68 is 73% less than the historical average. Analyzing the last ten years, TNC's PE ratio reached its highest point in the Mar 2018 quarter at 1,354, when the price was $67.7 and the EPS was $0.05. The lowest point was recorded in the Sep 2023 quarter, when it reached 13.41 with a price of $74.15 and an EPS of $5.53.
Maximum annual increase: 23.83% in 2020
Maximum annual decrease: -39.46% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 15.66 | -8.95% |
| 2022 | 17.2 | -25.51% |
| 2021 | 23.09 | -39.46% |
| 2020 | 38.14 | 23.83% |
| 2019 | 30.8 | 9.92% |
| 2018 | 28.02 | N/A |
| 2017 | N/A | N/A |
| 2016 | 26.77 | -15.31% |
| 2015 | 31.61 | 21.76% |
| 2014 | 25.96 | -15.77% |
The current PE ratio of TNC is under its 3, 5 and 10-year averages.
TNC's PE ratio is below its peer stocks MIDD and SXI.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TNC Tennant Co | 17.77 | $2.07B |
| MIDD Middleby Corp | 18.19 | $7.08B |
| SXI Standex International Corp | 29.85 | $2.21B |
| EVI Evi Industries Inc | 55.76 | $268.71M |
TNC stock has a price to earnings ratio of 17.68 as of Jul 25, 2024.
The 3-year average PE ratio for TNC stock is 19.39.
The 5-year average PE ratio for TNC stock is 23.4.
Over the last ten years, the Mar 2018 quarter recorded the highest quarterly PE ratio at 1,354.
TNC's price to earnings ratio is currently 73% below its 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 25, 2024), Tennant's share price is $108.22. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $6.12. Therefore, Tennant's price to earnings ratio for today is 17.68. PE RATIO(17.68) = STOCK PRICE($108.22) / TTM EPS($6.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.