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WLK Westlake Chemical PE ratio, current and historical analysis

The current PE ratio for Westlake Chemical stock as of May 20, 2024 is 79.72. This is calculated based on the TTM EPS of $2.01 and the stock price of $160.23 per share. The PE ratio marks an increase of 130% from its last 4 quarters average of 34.6.

WLK PE ratio history

How has WLK's PE ratio performed in the past

The average historical PE ratio of Westlake Chemical for the last ten years is 15.62. The current P/E ratio of 79.72 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.

Average
15.62
Median
12.2
Minimum
4.21
Maximum
76.02

Westlake Chemical PE ratio by year

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 average PE ratio chart

What is the average PE ratio of WLK for the past years

WLK's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
16.13
5-year avg
18.09
10-year avg
15.62
15-year avg
15.22

WLK PE vs peers

What is WLK's PE ratio compared to its peers

WLK's PE ratio stands higher than its peer stocks XOM and HON. Westlake Chemical's current PE ratio of 79.72 is similar to the average of its peers, which is 21.55.

Stock name PE ratio Market cap
CE Celanese Corp 8.54 $17.05B
PSX Phillips 66 11.04 $61.3B
EMN Eastman Chemical Co 12.78 $11.73B
XOM Exxon Mobil Corp 14.51 $466.77B
OLN OLIN Corp 19.46 $6.67B
HON Honeywell International Inc 23.42 $132.56B
DOW Dow Inc 34.86 $41.43B
ALB Albemarle Corp 45.97 $14.97B
WLK Westlake Chemical Corp 79.86 $20.64B
HUN Huntsman CORP N/A $4.35B

Frequently asked questions

What is Westlake Chemical's PE ratio?

The price to earnings ratio for WLK stock is 79.72 as of May 20, 2024.

What is the 3-year average PE ratio for Westlake Chemical (WLK)?

The 3-year average price to earnings ratio for WLK stock is 16.13.

What is the 5-year average PE ratio for Westlake Chemical (WLK)?

The 5-year average price to earnings ratio for WLK stock is 18.09.

What is the highest PE ratio for WLK?

The current PE of 79.72 represents the highest historical value in the last ten years.

How does the current PE ratio for WLK compare to its historical average?

The current PE ratio of WLK is 410% higher than the 10-year historical average.

Why is Westlake Chemical's PE ratio so high?

A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.

How is WLK's PE ratio calculated (Westlake Chemical PE ratio formula)?

The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 20, 2024), Westlake Chemical's share price is $160.23. 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 79.72. PE RATIO(79.72) = STOCK PRICE($160.23) / TTM EPS($2.01)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.