P/E ratio for NewMarket Corp (NEU)
P/E ratio as of April 2024 (TTM): 13.0
According to NewMarket Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.9533. At the end of 2022 the company had a P/E ratio of 11.2.
P/E ratio history for NewMarket Corp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.2 | -42.74% |
| 2021 | 19.5 | 20.46% |
| 2020 | 16.2 | -24.36% |
| 2019 | 21.4 | 5.76% |
| 2018 | 20.2 | -18.19% |
| 2017 | 24.7 | 19.84% |
| 2016 | 20.6 | 5.36% |
| 2015 | 19.6 | -10.84% |
| 2014 | 22.0 | 30.82% |
| 2013 | 16.8 | 14.31% |
| 2012 | 14.7 | 12.11% |
| 2011 | 13.1 | 28.83% |
| 2010 | 10.2 | -5.36% |
| 2009 | 10.7 | 47.14% |
| 2008 | 7.30 | -25.77% |
| 2007 | 9.84 | -44.35% |
| 2006 | 17.7 | 79.98% |
| 2005 | 9.82 | -3.74% |
| 2004 | 10.2 | 3.12% |
| 2003 | 9.90 | -10.04% |
| 2002 | 11.0 | -1611.3% |
| 2001 | -0.7278 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Exxon Mobil XOM | 11.9 | -8.28% | 🇺🇸 USA |
 Chevron CVX | 12.3 | -5.02% | 🇺🇸 USA |
 Gevo GEVO | -1.66 | -112.79% | 🇺🇸 USA |
 Innospec IOSP | 23.8 | 83.81% | 🇺🇸 USA |
 Trecora Resources
TREC | 26.5 | 104.69% | 🇺🇸 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.