Start with its own history
At 15.92×, MKC is 42.4% 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 · MKCPackaged FoodsUpdated Nov 5, 2026
McCormick & Company, Incorporated P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
15.92×
42.4% belowthe 10-year annual average
Share price50.48
÷Earnings per share3.17
Price and EPS in quote currency. Calculation details
Investors are paying 15.92 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 27.65×
3-year average24.93×3 positive annual observations
5-year average27.73×5 positive annual observations
10-year average27.65×10 positive annual observations
Peer median · TTM25.95×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Nov 30, 2025 | 22.59× | -15.3% |
| Nov 30, 2024 | 26.67× | +4.5% |
| Nov 30, 2023 | 25.52× | -23.9% |
| Nov 30, 2022 | 33.54× | +10.6% |
| Nov 30, 2021 | 30.33× | -9.2% |
| Nov 30, 2020 | 33.39× | +4.6% |
| Nov 30, 2019 | 31.94× | +51.2% |
| Nov 30, 2018 | 21.13× | -21.8% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Nov 30, 2017 | 27.03× | +10.9% |
| Nov 30, 2016 | 24.39× | -10.9% |
| Nov 30, 2015 | 27.36× | +25.1% |
| Nov 30, 2014 | 21.87× | -6.8% |
| Nov 30, 2013 | 23.47× | +12.0% |
| Nov 30, 2012 | 20.96× | +21.4% |
| Nov 30, 2011 | 17.27× | +9.9% |
| Nov 30, 2010 | 15.71× | +1.3% |
| Nov 30, 2009 | 15.51× | +6.6% |
| Nov 30, 2008 | 14.56× | -32.2% |
| Nov 30, 2007 | 21.47× | -14.6% |
| Nov 30, 2006 | 25.14× | +28.9% |
| Nov 30, 2005 | 19.51× | -16.5% |
| Nov 30, 2004 | 23.37× | +22.5% |
| Nov 30, 2003 | 19.08× | +2.7% |
| Nov 30, 2002 | 18.58× | -8.4% |
| Nov 30, 2001 | 20.28× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How MKC compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 MKC This stockMcCormick & Company, Incorporated | 15.92× |
 KHCThe Kraft Heinz Company | N/M |
 CPBCampbell Soup Company | 17.36× |
 SJMThe J. M. Smucker Company | 61.60× |
 CAGConagra Brands, Inc. | N/M |
 MDLZMondelez International, Inc. | 21.19× |
 DANOYDanone S.A. | 22.18× |
 AJINFAjinomoto Co., Inc. | 35.15× |
 NSRGFNestlé S.A. | 29.72× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does MKC’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 25.95×. 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 MKC 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("MKC", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 50.48 ÷ EPS 3.17 = 15.92×. 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.
MKC P/E ratio: common questions
The essentials behind the numbers.
McCormick & Company, Incorporated's current P/E is 15.92× 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.