P/E ratio for McCormick & Company (MKC)
P/E ratio as of May 2024 (TTM): 31.6
According to McCormick & Company 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.61. At the end of 2022 the company had a P/E ratio of 32.6.
P/E ratio history for McCormick & Company from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 32.6 | -4.41% |
| 2021 | 34.1 | -0.01% |
| 2020 | 34.1 | 6.61% |
| 2019 | 32.0 | 63.3% |
| 2018 | 19.6 | -27.84% |
| 2017 | 27.2 | 8.61% |
| 2016 | 25.0 | -8.17% |
| 2015 | 27.2 | 23.96% |
| 2014 | 22.0 | -6.23% |
| 2013 | 23.4 | 13.65% |
| 2012 | 20.6 | 15.37% |
| 2011 | 17.9 | 7.21% |
| 2010 | 16.7 | 5.71% |
| 2009 | 15.8 | -2.44% |
| 2008 | 16.2 | -24.06% |
| 2007 | 21.3 | -14.94% |
| 2006 | 25.0 | 30.38% |
| 2005 | 19.2 | -21.89% |
| 2004 | 24.6 | 23.34% |
| 2003 | 19.9 | 0.53% |
| 2002 | 19.8 | -49.45% |
| 2001 | 39.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Pepsico PEP | 29.6 | -6.39% | 🇺🇸 USA |
 Conagra Brands
CAG | 13.5 | -57.19% | 🇺🇸 USA |
 Tyson Foods
TSN | 59.5 | 88.18% | 🇺🇸 USA |
 Hain Celestial HAIN | -5.12 | -116.21% | 🇺🇸 USA |
 TreeHouse Foods
THS | -26.3 | -183.21% | 🇺🇸 USA |
 B&G Foods
BGS | -39.1 | -223.71% | 🇺🇸 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.