P/E ratio for Eastman Chemical (EMN)
P/E ratio as of June 2024 (TTM): 20.2
According to Eastman Chemical 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1748. At the end of 2022 the company had a P/E ratio of 12.8.
P/E ratio history for Eastman Chemical from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.8 | -32.33% |
| 2021 | 18.9 | -33.58% |
| 2020 | 28.5 | 98.05% |
| 2019 | 14.4 | 50.12% |
| 2018 | 9.58 | 5.5% |
| 2017 | 9.08 | -28.99% |
| 2016 | 12.8 | 8.18% |
| 2015 | 11.8 | -21.76% |
| 2014 | 15.1 | 41.75% |
| 2013 | 10.7 | -51.28% |
| 2012 | 21.9 | 143.96% |
| 2011 | 8.97 | -37.06% |
| 2010 | 14.3 | -55.29% |
| 2009 | 31.9 | 360.35% |
| 2008 | 6.92 | -58.97% |
| 2007 | 16.9 | 41.41% |
| 2006 | 11.9 | 59.61% |
| 2005 | 7.48 | -71.51% |
| 2004 | 26.2 | -332.34% |
| 2003 | -11.3 | -124.27% |
| 2002 | 46.5 | -371.97% |
| 2001 | -17.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Celanese CE | 11.9 | -40.96% | 🇺🇸 USA |
 Dow DOW | 30.0 | 48.78% | 🇺🇸 USA |
 Exxon Mobil XOM | 10.8 | -46.66% | 🇺🇸 USA |
 3M MMM | -7.54 | -137.35% | 🇺🇸 USA |
 Dupont De Nemours DD | 8.30 | -58.86% | 🇺🇸 USA |
 FMC FMC | 14.2 | -29.61% | 🇺🇸 USA |
 Westlake Chemical
WLK | 16.0 | -20.79% | 🇺🇸 USA |
 Sasol SSL | 1.53 | -92.39% | 🇿🇦 South Africa |
 W. R. Grace GRA | N/A | N/A | 🇺🇸 USA |
 Ashland ASH | 21.7 | 7.53% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.