P/E ratio for McKesson (MCK)
P/E ratio as of April 2024 (TTM): 21.4
According to McKesson's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.3516. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for McKesson from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | -38.33% |
| 2021 | 27.6 | -526.7% |
| 2020 | -6.48 | -77.19% |
| 2019 | -28.4 | -65.8% |
| 2018 | -83.1 | -1311.15% |
| 2017 | 6.86 | -58.3% |
| 2016 | 16.4 | -29.29% |
| 2015 | 23.3 | -16.97% |
| 2014 | 28.0 | -12.7% |
| 2013 | 32.1 | 122.06% |
| 2012 | 14.5 | -3.37% |
| 2011 | 15.0 | -8.85% |
| 2010 | 16.4 | 16.28% |
| 2009 | 14.1 | 10.74% |
| 2008 | 12.7 | -37.96% |
| 2007 | 20.5 | 18.27% |
| 2006 | 17.4 | -11.49% |
| 2005 | 19.6 | -141.78% |
| 2004 | -47.0 | -408.07% |
| 2003 | 15.2 | -1.88% |
| 2002 | 15.5 | -82.97% |
| 2001 | 91.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Cerner CERN | 47.5 | 122.28% | 🇺🇸 USA |
 Henry Schein
HSIC | 21.2 | -0.67% | 🇺🇸 USA |
 AmerisourceBergen
ABC | 21.7 | 1.68% | 🇺🇸 USA |
 Cardinal Health CAH | 102 | 379.01% | 🇺🇸 USA |
 Premier PINC | 13.6 | -36.26% | 🇺🇸 USA |
 Patterson Companies
PDCO | 11.7 | -45.33% | 🇺🇸 USA |
 Computer Programs and Systems CPSI | 27.8 | 30.43% | 🇺🇸 USA |
 Allscripts MDRX | 15.8 | -26.00% | 🇺🇸 USA |
 Owens & Minor
OMI | -19.4 | -191.09% | 🇺🇸 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.