As of May 1, 2024, the Tennant stock's PE ratio is 19.39. This takes into account the latest EPS of $5.92 and stock price of $114.8. The PE ratio has an increase of 28% from its last 4 quarters average of 15.2.
The PE ratio of Tennant has averaged 66.08 over the last ten years. The current price-to-earnings ratio of 19.39 is 71% 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 less than its peer stock EVI, but it is above MIDD's and SXI's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SXI Standex International Corp | 14.83 | $2.07B |
| MIDD Middleby Corp | 18.38 | $7.37B |
| TNC Tennant Co | 19.39 | $2.14B |
| EVI Evi Industries Inc | 43.34 | $274.65M |
TNC stock has a price to earnings ratio of 19.39 as of May 1, 2024.
The 3-year average PE ratio for TNC stock is 20.27.
The 5-year average PE ratio for TNC stock is 23.89.
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 71% 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 (May 1, 2024), Tennant's share price is $114.8. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.92. Therefore, Tennant's price to earnings ratio for today is 19.39. PE RATIO(19.39) = STOCK PRICE($114.8) / TTM EPS($5.92)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.