Start with its own history
At 24.12×, PG is 13.8% 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 · PGHousehold & Personal ProductsUpdated Nov 4, 2026
The Procter & Gamble Company P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
24.12×
13.8% belowthe 10-year annual average
Share price167.4
÷Earnings per share6.94
Price and EPS in quote currency. Calculation details
Investors are paying 24.12 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 28.00×
3-year average23.98×3 positive annual observations
5-year average24.18×5 positive annual observations
10-year average28.00×10 positive annual observations
Peer median · TTM20.22×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2026 | 21.72× | -9.0% |
| Jun 30, 2025 | 23.89× | -9.3% |
| Jun 30, 2024 | 26.33× | +5.3% |
| Jun 30, 2023 | 25.00× | +4.3% |
| Jun 30, 2022 | 23.96× | +1.1% |
| Jun 30, 2021 | 23.71× | +1.7% |
| Jun 30, 2020 | 23.31× | -69.4% |
| Jun 30, 2019 | 76.20× | +266.1% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2018 | 20.82× | +38.5% |
| Jun 30, 2017 | 15.03× | -32.6% |
| Jun 30, 2016 | 22.28× | -28.8% |
| Jun 30, 2015 | 31.30× | +66.9% |
| Jun 30, 2014 | 18.76× | -2.9% |
| Jun 30, 2013 | 19.31× | +20.4% |
| Jun 30, 2012 | 16.03× | +3.9% |
| Jun 30, 2011 | 15.43× | +11.1% |
| Jun 30, 2010 | 13.88× | +22.0% |
| Jun 30, 2009 | 11.38× | -27.8% |
| Jun 30, 2008 | 15.75× | -17.1% |
| Jun 30, 2007 | 19.00× | -4.6% |
| Jun 30, 2006 | 19.93× | +2.0% |
| Jun 30, 2005 | 19.54× | -16.0% |
| Jun 30, 2004 | 23.26× | -6.1% |
| Jun 30, 2003 | 24.77× | -10.3% |
| Jun 30, 2002 | 27.62× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How PG compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 PG This stockThe Procter & Gamble Company | 24.12× |
 ULUnilever PLC | 14.02× |
 CLColgate-Palmolive Company | 38.37× |
 RBGLYReckitt Benckiser Group plc | 12.67× |
 KMBKimberly-Clark Corporation | 18.50× |
 CHDChurch & Dwight Co., Inc. | 34.37× |
 CLXThe Clorox Company | 17.83× |
 KVUEKenvue Inc. | 21.94× |
 ELThe Estée Lauder Companies Inc. | 109.84× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does PG’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 20.22×. 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 PG 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("PG", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 167.4 ÷ EPS 6.94 = 24.12×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 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.
PG P/E ratio: common questions
The essentials behind the numbers.
The Procter & Gamble Company's current P/E is 24.12× based on the quote data last updated Nov 4, 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.