Start with its own history
At 31.39×, DEO is 31.9% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · DEOBeverages - AlcoholicUpdated Nov 5, 2026
Diageo plc P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
31.39×
31.9% abovethe 10-year annual average
Share price97.7
÷Earnings per share3.1123
Price and EPS in quote currency. Calculation details
Investors are paying 31.39 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 23.80×
3-year average17.12×3 positive annual observations
5-year average18.78×5 positive annual observations
10-year average23.80×10 positive annual observations
Peer median · TTM28.73×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2026 | 19.77× | +14.7% |
| Jun 30, 2025 | 17.25× | +20.3% |
| Jun 30, 2024 | 14.34× | -34.2% |
| Jun 30, 2023 | 21.80× | +5.0% |
| Jun 30, 2022 | 20.77× | -31.6% |
| Jun 30, 2021 | 30.36× | -32.1% |
| Jun 30, 2020 | 44.69× | +73.6% |
| Jun 30, 2019 | 25.74× | +15.4% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2018 | 22.31× | +6.2% |
| Jun 30, 2017 | 21.00× | -10.4% |
| Jun 30, 2016 | 23.44× | +21.0% |
| Jun 30, 2015 | 19.38× | -6.5% |
| Jun 30, 2014 | 20.73× | +5.1% |
| Jun 30, 2013 | 19.73× | -6.3% |
| Jun 30, 2012 | 21.05× | +25.7% |
| Jun 30, 2011 | 16.75× | +56.4% |
| Jun 30, 2010 | 10.71× | -20.1% |
| Jun 30, 2009 | 13.41× | -14.4% |
| Jun 30, 2008 | 15.66× | -16.9% |
| Jun 30, 2007 | 18.85× | +157.1% |
| Jun 30, 2006 | 7.33× | -61.7% |
| Jun 30, 2005 | 19.14× | +18.4% |
| Jun 30, 2004 | 16.16× | -92.2% |
| Jun 30, 2003 | 207.37× | +1727.6% |
| Jun 30, 2002 | 11.35× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How DEO compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 DEO This stockDiageo plc | 31.39× |
 PRNDYPernod Ricard S.A. | 14.71× |
 BF-BBrown-Forman Corporation | 19.92× |
 STZConstellation Brands, Inc. | 13.04× |
 DVCMYDavide Campari-Milano N.V. | 28.73× |
 UNITDSPR.NSUnited Spirits Limited | 60.94× |
 RADICO.NSRadico Khaitan Limited | 73.93× |
 IBGInnovation Beverage Group Limited | N/M |
 AGCCAgencia Comercial Spirits Ltd | 657.87× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does DEO’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 28.73×. 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 DEO 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("DEO", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 97.7 ÷ EPS 3.1123 = 31.39×. 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.
DEO P/E ratio: common questions
The essentials behind the numbers.
Diageo plc's current P/E is 31.39× 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.