P/E ratio for Martin Marietta (MLM)
P/E ratio as of September 2023 (TTM): 26.7
According to Martin Marietta's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.662. At the end of 2021 the company had a P/E ratio of 39.1.
P/E ratio history for Martin Marietta from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 39.1 | 59.4% |
| 2020 | 24.5 | -14.25% |
| 2019 | 28.6 | 24.23% |
| 2018 | 23.0 | 17.88% |
| 2017 | 19.5 | -41.16% |
| 2016 | 33.2 | 5.05% |
| 2015 | 31.6 | -26.63% |
| 2014 | 43.1 | 12.54% |
| 2013 | 38.3 | -26.08% |
| 2012 | 51.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Occidental Petroleum OXY | 9.87 | -62.99% | 🇺🇸 USA |
 Vulcan Materials VMC | 36.9 | 38.31% | 🇺🇸 USA |
 Cement Roadstone Holding
CRH | N/A | N/A | 🇮🇪 Ireland |
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.