The current PE ratio for Westlake Chemical stock as of Jul 25, 2024 is 71.0. This is calculated based on the TTM EPS of $2.01 and the stock price of $142.71 per share. The PE ratio marks an increase of 105% from its last 4 quarters average of 34.6.
The average historical PE ratio of Westlake Chemical for the last ten years is 15.59. The current P/E ratio of 71.0 is similar to the historical average. Looking back at the last ten years, WLK's PE ratio peaked in the Mar 2024 quarter at 76.02, when the price was $152.8 and the EPS was $2.01. The lowest point was in the Sep 2022 quarter, when it reached 4.21 with a price of $86.88 and an EPS of $20.65.
Maximum annual increase: 539.18% in 2023
Maximum annual decrease: -80.47% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 37.52 | 539.18% |
| 2022 | 5.87 | -5.32% |
| 2021 | 6.2 | -80.47% |
| 2020 | 31.75 | 47.54% |
| 2019 | 21.52 | 149.07% |
| 2018 | 8.64 | -18.49% |
| 2017 | 10.6 | -41.89% |
| 2016 | 18.24 | 63.88% |
| 2015 | 11.13 | -7.25% |
| 2014 | 12 | -10.18% |
WLK's current PE ratio is higher than the 3, 5 and 10-year averages.
WLK's PE ratio stands higher than its peer stocks XOM and HON. Westlake Chemical's current PE ratio of 71.0 is similar to the average of its peers, which is 18.67.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CE Celanese Corp | 7.61 | $15.19B |
| PSX Phillips 66 | 10.86 | $60.29B |
| EMN Eastman Chemical Co | 12.91 | $11.85B |
| XOM Exxon Mobil Corp | 14.38 | $462.63B |
| OLN OLIN Corp | 15.54 | $5.32B |
| HON Honeywell International Inc | 22.98 | $131.69B |
| DOW Dow Inc | 31.28 | $37.17B |
| ALB Albemarle Corp | 33.5 | $10.91B |
| WLK Westlake Chemical Corp | 71.16 | $18.39B |
| HUN Huntsman CORP | N/A | $4.05B |
The price to earnings ratio for WLK stock is 71 as of Jul 25, 2024.
The 3-year average price to earnings ratio for WLK stock is 16.47.
The 5-year average price to earnings ratio for WLK stock is 18.28.
The highest quarterly PE ratio in the last ten years has been 76.02 and it was in the Mar 2024 quarter.
The current PE ratio of WLK is 355% higher than the 10-year historical average.
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Westlake Chemical's share price is $142.71. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.01. Therefore, Westlake Chemical's PE ratio for today is 71. PE RATIO(71) = STOCK PRICE($142.71) / TTM EPS($2.01)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.