Question 1

What is McGrath RentCorp's P/E ratio?

Accepted Answer

McGrath RentCorp (MGRC) P/E ratio is 18.6× 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 McGrath RentCorp?

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 McGrath RentCorp specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is McGrath RentCorp's P/E ratio high or low?

Accepted Answer

McGrath RentCorp's P/E ratio of 18.6× is below its own 5-year average of 18.8× and below the sector median of 27.8×. That places the current reading at the 34th 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 McGrath RentCorp's historical P/E ratio range?

Accepted Answer

In the available daily series, McGrath RentCorp (MGRC) P/E ratio has ranged from a low of 7.3× in 2017 to a high of 34.5× in 2002. The 5-year average is 18.8× and the 5-year median is 20.1×.

Question 7

What was McGrath RentCorp's P/E ratio in 2025?

Accepted Answer

McGrath RentCorp (MGRC) P/E ratio at the end of 2025 was 16.5×. 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 McGrath RentCorp'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	$2.58B	$156M	16.5×	+4.7×	Dec 31, 2025
2024	$2.75B	$232M	11.8×	-14.1×	Dec 31, 2024
2023	$2.93B	$113M	25.9×	+5.0×	Dec 31, 2023
2022	$2.41B	$115M	20.9×	-0.8×	Dec 31, 2022
2021	$1.95B	$89.7M	21.7×	+5.8×	Dec 31, 2021
2020	$1.62B	$102M	15.9×	-3.3×	Dec 31, 2020
2019	$1.86B	$96.8M	19.2×	+3.5×	Dec 31, 2019
2018	$1.24B	$79.4M	15.7×	+8.3×	Dec 31, 2018
2017	$1.13B	$154M	7.3×	-17.2×	Dec 31, 2017
2016	$938M	$38.3M	24.5×	+9.6×	Dec 31, 2016
2015	$603M	$40.5M	14.9×	-5.5×	Dec 31, 2015
2014	$931M	$45.7M	20.4×	-3.2×	Dec 31, 2014
2013	$1.02B	$43.4M	23.6×	+7.4×	Dec 31, 2013
2012	$723M	$44.8M	16.1×	+1.9×	Dec 31, 2012
2011	$708M	$49.6M	14.3×	-3.1×	Dec 31, 2011
2010	$633M	$36.5M	17.3×	+1.4×	Dec 31, 2010
2009	$532M	$33.3M	16.0×	+3.7×	Dec 31, 2009
2008	$506M	$41.2M	12.3×	-2.3×	Dec 31, 2008
2007	$617M	$42.4M	14.6×	-4.1×	Dec 31, 2007
2006	$766M	$41.1M	18.6×	+1.8×	Dec 31, 2006
2005	$689M	$40.8M	16.9×	-0.9×	Dec 31, 2005
2004	$534M	$30M	17.8×	+3.2×	Dec 31, 2004
2003	$330M	$22.7M	14.6×	-7.9×	Dec 31, 2003
2002	$284M	$12.6M	22.5×	—	Dec 31, 2002


General Dynamics (GD)	21.9×
Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
United Parcel Service (UPS)	15.9×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for McGrath RentCorp (MGRC) 2002-2026

P/E Ratio daily chart for McGrath RentCorp (MGRC)

Historical P/E Ratio for McGrath RentCorp (MGRC) from 2002 to 2025

About P/E Ratio at McGrath RentCorp (MGRC)

McGrath RentCorp P/E Ratio by Year

McGrath RentCorp P/E Ratio 2025: 16.5×

McGrath RentCorp P/E Ratio 2024: 11.8×

McGrath RentCorp P/E Ratio 2023: 25.9×

McGrath RentCorp P/E Ratio 2022: 20.9×

McGrath RentCorp P/E Ratio 2021: 21.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

McGrath RentCorp (MGRC) Key Financials