Question 1

What is Hershey's P/E ratio?

Accepted Answer

Hershey (HSY) P/E ratio is 32.2× 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 Hershey?

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 Hershey specifically, the relevant sector benchmark is the current sector median of 22.6×.

Question 5

Is Hershey's P/E ratio high or low?

Accepted Answer

Hershey's P/E ratio of 32.2× is above its own 5-year average of 26.0× and above the sector median of 22.6×. That places the current reading at the 89th 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 Hershey's historical P/E ratio range?

Accepted Answer

In the available daily series, Hershey (HSY) P/E ratio has ranged from a low of 14.6× in 2025 to a high of 54.4× in 2026. The 5-year average is 26.0× and the 5-year median is 26.0×.

Question 7

What was Hershey's P/E ratio in 2025?

Accepted Answer

Hershey (HSY) P/E ratio at the end of 2025 was 41.9×. 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 Hershey'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	$37B	$883M	41.9×	+26.5×	Dec 31, 2025
2024	$34.4B	$2.22B	15.5×	-5.0×	Dec 31, 2024
2023	$38.2B	$1.86B	20.5×	-8.4×	Dec 31, 2023
2022	$47.5B	$1.64B	28.9×	+1.9×	Dec 31, 2022
2021	$39.9B	$1.48B	27.0×	+2.2×	Dec 31, 2021
2020	$31.7B	$1.28B	24.8×	-1.9×	Dec 31, 2020
2019	$30.7B	$1.15B	26.7×	+7.6×	Dec 31, 2019
2018	$22.5B	$1.18B	19.1×	-11.5×	Dec 31, 2018
2017	$24B	$783M	30.6×	+0.0×	Dec 31, 2017
2016	$22B	$720M	30.6×	-7.2×	Dec 31, 2016
2015	$19.4B	$513M	37.8×	+10.6×	Dec 31, 2015
2014	$23B	$847M	27.2×	+0.6×	Dec 31, 2014
2013	$21.8B	$820M	26.6×	+2.1×	Dec 31, 2013
2012	$16.2B	$661M	24.5×	+2.3×	Dec 31, 2012
2011	$13.9B	$629M	22.2×	+1.1×	Dec 31, 2011
2010	$10.7B	$510M	21.1×	+2.3×	Dec 31, 2010
2009	$8.17B	$436M	18.7×	-6.6×	Dec 31, 2009
2008	$7.9B	$311M	25.4×	-16.4×	Dec 31, 2008
2007	$8.96B	$214M	41.8×	+21.4×	Dec 31, 2007
2006	$11.5B	$561M	20.5×	-0.8×	Dec 31, 2006
2005	$10.2B	$479M	21.2×	+3.5×	Dec 31, 2005
2004	$10.5B	$591M	17.7×	-4.2×	Dec 31, 2004
2003	$10.1B	$458M	22.0×	-0.5×	Dec 31, 2003
2002	$9.09B	$404M	22.5×	—	Dec 31, 2002


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×
Hormel Foods (HRL)	25.3×
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 Hershey (HSY) 2002-2026

P/E Ratio daily chart for Hershey (HSY)

Historical P/E Ratio for Hershey (HSY) from 2002 to 2025

About P/E Ratio at Hershey (HSY)

Hershey P/E Ratio by Year

Hershey P/E Ratio 2025: 41.9×

Hershey P/E Ratio 2024: 15.5×

Hershey P/E Ratio 2023: 20.5×

Hershey P/E Ratio 2022: 28.9×

Hershey P/E Ratio 2021: 27.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Hershey (HSY) Key Financials