P/E ratio for Eastman Chemical (EMN)
P/E ratio as of October 2023 (TTM): 12.7
According to Eastman Chemical 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.7441. At the end of 2021 the company had a P/E ratio of 18.9.
P/E ratio history for Eastman Chemical from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Celanese CE | 10.3 | -18.88% | 🇺🇸 USA |
 Dow DOW | 20.9 | 64.07% | 🇺🇸 USA |
 Exxon Mobil XOM | 9.27 | -27.29% | 🇺🇸 USA |
 3M MMM | -31.6 | -347.94% | 🇺🇸 USA |
 Dupont De Nemours DD | 7.57 | -40.61% | 🇺🇸 USA |
 FMC FMC | 13.2 | 3.70% | 🇺🇸 USA |
 Westlake Chemical
WLK | 11.9 | -6.33% | 🇺🇸 USA |
 Sasol SSL | 2.92 | -77.11% | 🇿🇦 South Africa |
 W. R. Grace GRA | N/A | N/A | 🇺🇸 USA |
 Ashland ASH | 17.7 | 39.25% | 🇺🇸 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.