Start with its own history
At 12.37×, HDLMY is 7.1% below its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
OTC · HDLMYConstruction MaterialsUpdated Oct 22, 2026
Heidelberg Materials AG P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
12.37×
7.1% belowthe 9-observation annual average
Share price32.51
÷Earnings per share2.6272
Price and EPS in quote currency. Calculation details
Investors are paying 12.37 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 13.32×
3-year average13.42×3 positive annual observations
5-year average10.65×5 positive annual observations
10-year average13.32×9 positive annual observations
Peer median · TTM22.87×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 16 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 20.42× | +69.0% |
| Dec 31, 2024 | 12.09× | +55.8% |
| Dec 31, 2023 | 7.76× | +23.1% |
| Dec 31, 2022 | 6.31× | -5.6% |
| Dec 31, 2021 | 6.68× | N/M |
| Dec 31, 2020 | N/M | N/M |
| Dec 31, 2019 | 11.81× | +27.7% |
| Dec 31, 2018 | 9.25× | -52.5% |
View all 16 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 19.48× | -25.3% |
| Dec 31, 2016 | 26.07× | +46.9% |
| Dec 31, 2015 | 17.75× | -21.8% |
| Dec 31, 2014 | 22.71× | +61.8% |
| Dec 31, 2013 | 14.03× | -55.2% |
| Dec 31, 2012 | 31.29× | +77.5% |
| Dec 31, 2011 | 17.63× | -31.2% |
| Dec 31, 2010 | 25.63× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How HDLMY compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 HDLMY This stockHeidelberg Materials AG | 12.37× |
 HOLN.SWHolcim Ltd | 60.00× |
 CRHCRH plc | 15.14× |
 GOB.DECompagnie de Saint-Gobain S.A. | 12.23× |
 ULTRACEMCO.NSUltraTech Cement Limited | 36.62× |
 MLMMartin Marietta Materials, Inc. | 12.69× |
 VMCVulcan Materials Company | 31.61× |
 CEMEXCPO.MXCemex, S.A.B. de C.V. | 30.38× |
 600585.SSAnhui Conch Cement Company Limited | 15.36× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does HDLMY’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 22.87×. 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 HDLMY 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("HDLMY", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 32.51 ÷ EPS 2.6272 = 12.37×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 22, 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.
HDLMY P/E ratio: common questions
The essentials behind the numbers.
Heidelberg Materials AG's current P/E is 12.37× based on the quote data last updated Oct 22, 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.