Question 1

What is Hormel Foods's P/E ratio?

Accepted Answer

Hormel Foods (HRL) P/E ratio is 29.7× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Hormel Foods?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Hormel Foods specifically, the relevant sector benchmark is the current sector median of 22.6×.

Question 5

Is Hormel Foods's P/E ratio high or low?

Accepted Answer

Hormel Foods's P/E ratio of 29.7× is above its own 5-year average of 24.9× and above the sector median of 22.6×. That places the current reading at the 95th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Hormel Foods's historical P/E ratio range?

Accepted Answer

In the available daily series, Hormel Foods (HRL) P/E ratio has ranged from a low of 13.3× in 2008 to a high of 32.4× in 2022. The 5-year average is 24.9× and the 5-year median is 25.3×.

Question 7

What was Hormel Foods's P/E ratio in 2025?

Accepted Answer

Hormel Foods (HRL) P/E ratio at the end of 2025 was 27.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Hormel Foods's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$13.1B	$478M	27.3×	+6.5×	Oct 26, 2025
2024	$16.8B	$805M	20.8×	-1.6×	Oct 31, 2024
2023	$17.8B	$794M	22.4×	-3.0×	Oct 31, 2023
2022	$25.4B	$1B	25.4×	-0.3×	Oct 31, 2022
2021	$23.3B	$909M	25.6×	-3.3×	Oct 31, 2021
2020	$26.3B	$908M	28.9×	+6.6×	Oct 31, 2020
2019	$21.8B	$979M	22.3×	-0.7×	Oct 31, 2019
2018	$23.3B	$1.01B	23.0×	+3.6×	Oct 31, 2018
2017	$16.5B	$847M	19.4×	-3.4×	Oct 31, 2017
2016	$20.4B	$890M	22.9×	-3.2×	Oct 31, 2016
2015	$17.9B	$686M	26.0×	+2.4×	Oct 31, 2015
2014	$14.2B	$603M	23.6×	+1.8×	Oct 31, 2014
2013	$11.5B	$526M	21.8×	+6.3×	Oct 31, 2013
2012	$7.77B	$500M	15.5×	-0.9×	Oct 31, 2012
2011	$7.81B	$474M	16.5×	+1.1×	Oct 31, 2011
2010	$6.08B	$396M	15.4×	+1.1×	Oct 31, 2010
2009	$4.89B	$343M	14.3×	+0.9×	Oct 31, 2009
2008	$3.8B	$286M	13.3×	-3.1×	Oct 31, 2008
2007	$4.97B	$302M	16.5×	-0.9×	Oct 31, 2007
2006	$4.97B	$286M	17.4×	+0.1×	Oct 31, 2006
2005	$4.38B	$254M	17.2×	+0.8×	Oct 31, 2005
2004	$3.82B	$232M	16.5×	-1.9×	Oct 31, 2004
2003	$3.42B	$186M	18.4×	+0.7×	Oct 31, 2003
2002	$3.35B	$189M	17.7×	—	Oct 31, 2002


Monster Beverage (MNST)	34.9×
Colgate-Palmolive (CL)	32.8×
Archer-Daniels-Midland (ADM)	32.5×
Tootsie Roll Industries (TR)	32.2×
Church & Dwight Co. (CHD)	30.1×
Mondelez International (MDLZ)	28.5×
Coca-Cola (KO)	24.1×
Sysco (SYY)	22.6×
Lamb Weston (LW)	21.9×
Marzetti (MZTI)	21.5×
Procter & Gamble (PG)	20.9×
Kenvue (KVUE)	20.4×
Keurig Dr Pepper (KDP)	19.5×
PepsiCo (PEP)	18.8×
Target (TGT)	17.0×
Clorox (CLX)	16.6×
Brown-Forman (BF-B)	16.5×
Dollar General (DG)	16.1×
Kimberly-Clark (KMB)	15.1×
Dollar Tree (DLTR)	14.5×
Altria Group (MO)	13.7×
Constellation Brands (STZ)	12.9×
Coca-Cola Europacific Partners (CCEP)	10.9×
Campbell Soup (CPB)	10.0×
McCormick & Company (MKC)	7.7×

P/E Ratio for Hormel Foods (HRL) 2002-2026

P/E Ratio daily chart for Hormel Foods (HRL)

Historical P/E Ratio for Hormel Foods (HRL) from 2002 to 2025

About P/E Ratio at Hormel Foods (HRL)

Hormel Foods P/E Ratio by Year

Hormel Foods P/E Ratio 2025: 27.3×

Hormel Foods P/E Ratio 2024: 20.8×

Hormel Foods P/E Ratio 2023: 22.4×

Hormel Foods P/E Ratio 2022: 25.4×

Hormel Foods P/E Ratio 2021: 25.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Hormel Foods (HRL) Key Financials