Start with its own history
At 10.90×, CMC is 47.1% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · CMCSteelUpdated Nov 5, 2026
Commercial Metals Company P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
10.90×
47.1% belowthe 10-year annual average
Share price66.46
÷Earnings per share6.1
Price and EPS in quote currency. Calculation details
Investors are paying 10.90 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 20.59×
3-year average33.69×3 positive annual observations
5-year average22.55×5 positive annual observations
10-year average20.59×10 positive annual observations
Peer median · TTM17.34×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Aug 31, 2026 | 11.40× | -85.2% |
| Aug 31, 2025 | 76.89× | +501.2% |
| Aug 31, 2024 | 12.79× | +66.8% |
| Aug 31, 2023 | 7.67× | +91.0% |
| Aug 31, 2022 | 4.01× | -57.8% |
| Aug 31, 2021 | 9.51× | +7.1% |
| Aug 31, 2020 | 8.88× | -4.8% |
| Aug 31, 2019 | 9.33× | -48.6% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Aug 31, 2018 | 18.15× | -61.6% |
| Aug 31, 2017 | 47.23× | +46.1% |
| Aug 31, 2016 | 32.33× | +40.0% |
| Aug 31, 2015 | 23.09× | +30.9% |
| Aug 31, 2014 | 17.63× | -21.8% |
| Aug 31, 2013 | 22.55× | +216.8% |
| Aug 31, 2012 | 7.12× | N/M |
| Aug 31, 2011 | N/M | N/M |
| Aug 31, 2010 | N/M | N/M |
| Aug 31, 2009 | 89.11× | +591.5% |
| Aug 31, 2008 | 12.89× | +34.3% |
| Aug 31, 2007 | 9.60× | +34.3% |
| Aug 31, 2006 | 7.15× | +15.2% |
| Aug 31, 2005 | 6.21× | -19.7% |
| Aug 31, 2004 | 7.73× | -73.4% |
| Aug 31, 2003 | 29.12× | +127.8% |
| Aug 31, 2002 | 12.78× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How CMC compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 CMC This stockCommercial Metals Company | 10.90× |
 STLDSteel Dynamics, Inc. | 17.64× |
 NUENucor Corporation | 17.03× |
 CLFCleveland-Cliffs Inc. | N/M |
 TXTernium S.A. | 14.20× |
 PKXPOSCO Holdings Inc. | 18.03× |
 SIDCompanhia Siderúrgica Nacional | N/M |
 MTArcelorMittal S.A. | 25.97× |
 FRDFriedman Industries, Incorporated | 10.10× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does CMC’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 17.34×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take CMC into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("CMC", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 66.46 ÷ EPS 6.1 = 10.90×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
CMC P/E ratio: common questions
The essentials behind the numbers.
Commercial Metals Company's current P/E is 10.90× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.