P/E ratio for Minerals Technologies (MTX)
P/E ratio as of April 2024 (TTM): 37.7
According to Minerals Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.7136. At the end of 2022 the company had a P/E ratio of 16.3.
P/E ratio history for Minerals Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.3 | 8.82% |
| 2021 | 15.0 | -21.01% |
| 2020 | 18.9 | 24.55% |
| 2019 | 15.2 | 41.87% |
| 2018 | 10.7 | -13.76% |
| 2017 | 12.4 | -38.71% |
| 2016 | 20.3 | 37.5% |
| 2015 | 14.7 | -43.31% |
| 2014 | 26.0 | 0.46% |
| 2013 | 25.9 | 36.21% |
| 2012 | 19.0 | 25.77% |
| 2011 | 15.1 | -16.81% |
| 2010 | 18.2 | -142.36% |
| 2009 | -42.9 | -461.78% |
| 2008 | 11.9 | -157.9% |
| 2007 | -20.5 | -188.81% |
| 2006 | 23.1 | 0.24% |
| 2005 | 23.0 | -1.72% |
| 2004 | 23.4 | -5.6% |
| 2003 | 24.8 | 52.25% |
| 2002 | 16.3 | -11.32% |
| 2001 | 18.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Eastman Chemical
EMN | 19.8 | -47.54% | 🇺🇸 USA |
 Martin Marietta MLM | 34.9 | -7.53% | 🇺🇸 USA |
 FMC FMC | 15.3 | -59.48% | 🇺🇸 USA |
 Stepan Company
SCL | 36.8 | -2.55% | 🇺🇸 USA |
 Olin OLN | 11.5 | -69.40% | 🇺🇸 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.