P/E ratio for Hormel Foods (HRL)
P/E ratio as of December 2023 (TTM): 19.8
According to Hormel Foods's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.7826. At the end of 2022 the company had a P/E ratio of 24.9.
P/E ratio history for Hormel Foods from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.9 | -14.33% |
| 2021 | 29.1 | 4.72% |
| 2020 | 27.7 | 12.55% |
| 2019 | 24.7 | 10.31% |
| 2018 | 22.3 | -1.75% |
| 2017 | 22.7 | 9.77% |
| 2016 | 20.7 | -31.88% |
| 2015 | 30.4 | 33.1% |
| 2014 | 22.9 | 0.67% |
| 2013 | 22.7 | 38.18% |
| 2012 | 16.4 | -0.17% |
| 2011 | 16.5 | -5.3% |
| 2010 | 17.4 | 15.24% |
| 2009 | 15.1 | 1.88% |
| 2008 | 14.8 | -19.57% |
| 2007 | 18.4 | 2.5% |
| 2006 | 18.0 | 1.08% |
| 2005 | 17.8 | -4.26% |
| 2004 | 18.6 | -3.69% |
| 2003 | 19.3 | 13.11% |
| 2002 | 17.0 | -16.34% |
| 2001 | 20.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Conagra Brands
CAG | 13.1 | -33.66% | 🇺🇸 USA |
 Tyson Foods
TSN | 52.1 | 163.16% | 🇺🇸 USA |
 Pilgrim's Pride
PPC | 203 | 926.54% | 🇺🇸 USA |
 Seaboard SEB | 11.0 | -44.50% | 🇺🇸 USA |
 BRF BRFS | -10.7 | -154.08% | 🇧🇷 Brazil |
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.