Question 1

What is McKesson's P/E ratio?

Accepted Answer

McKesson (MCK) P/E ratio is 20.0× as of June 5, 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 McKesson?

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 McKesson specifically, the relevant sector benchmark is the current sector median of 25.0×.

Question 5

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

Accepted Answer

McKesson's P/E ratio of 20.0× is below its own 5-year average of 23.9× and below the sector median of 25.0×. That places the current reading at the 25th 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 McKesson's historical P/E ratio range?

Accepted Answer

In the available daily series, McKesson (MCK) P/E ratio has ranged from a low of 6.2× in 2017 to a high of 667.3× in 2019. The 5-year average is 23.9× and the 5-year median is 23.7×.

Question 7

What was McKesson's P/E ratio in 2026?

Accepted Answer

McKesson (MCK) P/E ratio at the end of 2026 was 22.2×. 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 McKesson'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.


2026	$105.66B	$4.76B	22.2×	-3.4×	Mar 31, 2026
2025	$84.26B	$3.29B	25.6×	+2.2×	Mar 31, 2025
2024	$70.12B	$3.00B	23.4×	+9.7×	Mar 31, 2024
2023	$48.74B	$3.56B	13.7×	-26.8×	Mar 31, 2023
2022	$45.06B	$1.11B	40.5×	—	Mar 31, 2022
2021	$30.97B	−$4.54B	—	—	Mar 31, 2021
2020	$23.40B	$900.00M	26.0×	-641.3×	Mar 31, 2020
2019	$22.69B	$34.00M	667.3×	+223.0×	Mar 31, 2019
2018	$28.88B	$65.00M	444.3×	+438.1×	Mar 31, 2018
2017	$31.43B	$5.07B	6.2×	-9.6×	Mar 31, 2017
2016	$35.70B	$2.26B	15.8×	-19.7×	Mar 31, 2016
2015	$52.48B	$1.48B	35.6×	+3.4×	Mar 31, 2015
2014	$40.61B	$1.26B	32.2×	+13.8×	Mar 31, 2014
2013	$24.50B	$1.34B	18.3×	+3.5×	Mar 31, 2013
2012	$20.71B	$1.40B	14.8×	-1.6×	Mar 31, 2012
2011	$19.68B	$1.20B	16.4×	+2.5×	Mar 31, 2011
2010	$17.48B	$1.26B	13.8×	+2.3×	Mar 31, 2010
2009	$9.46B	$823.00M	11.5×	-3.2×	Mar 31, 2009
2008	$14.51B	$990.00M	14.7×	-4.3×	Mar 31, 2008
2007	$17.27B	$913.00M	18.9×	-2.0×	Mar 31, 2007
2006	$15.74B	$751.00M	21.0×	—	Mar 31, 2006
2005	$11.21B	−$156.70M	—	—	Mar 31, 2005
2004	$8.73B	$646.50M	13.5×	+0.5×	Mar 31, 2004
2003	$7.22B	$555.40M	13.0×	-12.8×	Mar 31, 2003
2002	$10.81B	$418.60M	25.8×	—	Mar 31, 2002


Agilent Technologies (A)	23.1×
Medtronic (MDT)	22.2×
Illumina (ILMN)	21.7×
ResMed (RMD)	21.6×
GE HealthCare (GEHC)	21.6×
Pfizer (PFE)	21.1×
Quest Diagnostics (DGX)	21.1×
Henry Schein (HSIC)	21.0×
AptarGroup (ATR)	20.9×
IQVIA (IQV)	20.7×
UnitedHealth Group (UNH)	20.4×
Biogen (BIIB)	19.7×
Zoetis (ZTS)	18.9×
Gilead Sciences (GILD)	18.8×
Humana (HUM)	18.5×
Regeneron Pharmaceuticals (REGN)	18.2×
Bristol-Myers Squibb (BMY)	17.0×
HCA Healthcare (HCA)	15.8×
DaVita (DVA)	13.3×
Incyte (INCY)	13.1×
Elevance Health (ELV)	12.3×
Cigna (CI)	11.1×
Novo Nordisk (NVO)	8.6×
Solventum (SOLV)	7.9×
Universal Health Services (UHS)	7.2×

P/E Ratio for McKesson (MCK)

P/E Ratio daily chart for McKesson (MCK)

Historical P/E Ratio for McKesson (MCK) from 2002 to 2026

About P/E Ratio at McKesson (MCK)

McKesson P/E Ratio by Year

McKesson P/E Ratio 2026: 22.2×

McKesson P/E Ratio 2025: 25.6×

McKesson P/E Ratio 2024: 23.4×

McKesson P/E Ratio 2023: 13.7×

McKesson P/E Ratio 2022: 40.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

McKesson (MCK) Key Financials

P/E Ratio daily chart for McKesson (MCK)

Historical P/E Ratio for McKesson (MCK) from 2002 to 2026

About P/E Ratio at McKesson (MCK)

McKesson P/E Ratio by Year

McKesson P/E Ratio 2026: 22.2×

McKesson P/E Ratio 2025: 25.6×

McKesson P/E Ratio 2024: 23.4×

McKesson P/E Ratio 2023: 13.7×

McKesson P/E Ratio 2022: 40.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is McKesson's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for McKesson?

+Is McKesson's P/E ratio high or low?

+What is McKesson's historical P/E ratio range?

+What was McKesson's P/E ratio in 2026?

+Why does McKesson's P/E ratio change over time?

McKesson (MCK) Key Financials