P/E ratio for Mueller Industries (MLI)
P/E ratio as of April 2024 (TTM): 10.4
According to Mueller Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.3685. At the end of 2022 the company had a P/E ratio of 10.0.
P/E ratio history for Mueller Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.0 | -29.5% |
| 2021 | 14.2 | -49.5% |
| 2020 | 28.1 | -20.38% |
| 2019 | 35.3 | 38.18% |
| 2018 | 25.5 | -45.6% |
| 2017 | 46.9 | 3.93% |
| 2016 | 45.2 | 30.79% |
| 2015 | 34.5 | -8.49% |
| 2014 | 37.7 | 85.3% |
| 2013 | 20.4 | -52.59% |
| 2012 | 42.9 | 46.98% |
| 2011 | 29.2 | 22.85% |
| 2010 | 23.8 | -116.75% |
| 2009 | -142 | -776.32% |
| 2008 | 21.0 | 40.81% |
| 2007 | 14.9 | -1.97% |
| 2006 | 15.2 | -2.69% |
| 2005 | 15.6 | -34.98% |
| 2004 | 24.0 | -42.37% |
| 2003 | 41.7 | 62.21% |
| 2002 | 25.7 | -9.15% |
| 2001 | 28.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kaiser Aluminum
KALU | 107 | 927.15% | 🇺🇸 USA |
 Steel Partners SPLP | 4.28 | -58.72% | 🇺🇸 USA |
 Tredegar TG | -9.64 | -192.99% | 🇺🇸 USA |
 Alcoa AA | -7.32 | -170.58% | 🇺🇸 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.