Question 1

What is McCormick & Company's P/E ratio?

Accepted Answer

McCormick & Company (MKC) P/E ratio is 7.7× 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 McCormick & Company?

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 McCormick & Company specifically, the relevant sector benchmark is the current sector median of 22.9×.

Question 5

Is McCormick & Company's P/E ratio high or low?

Accepted Answer

McCormick & Company's P/E ratio of 7.7× is below its own 5-year average of 28.5× and below the sector median of 22.9×. That places the current reading at the 1th 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 McCormick & Company's historical P/E ratio range?

Accepted Answer

In the available daily series, McCormick & Company (MKC) P/E ratio has ranged from a low of 7.5× in 2026 to a high of 38.0× in 2023. The 5-year average is 28.5× and the 5-year median is 29.1×.

Question 7

What was McCormick & Company's P/E ratio in 2025?

Accepted Answer

McCormick & Company (MKC) P/E ratio at the end of 2025 was 22.6×. 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 McCormick & Company'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	$17.84B	$789.40M	22.6×	-4.1×	Nov 30, 2025
2024	$21.05B	$788.50M	26.7×	+1.1×	Nov 30, 2024
2023	$17.40B	$680.60M	25.6×	-7.9×	Nov 30, 2023
2022	$22.85B	$682.00M	33.5×	+3.1×	Nov 30, 2022
2021	$22.95B	$755.30M	30.4×	-3.0×	Nov 30, 2021
2020	$24.96B	$747.40M	33.4×	+1.4×	Nov 30, 2020
2019	$22.51B	$702.70M	32.0×	+10.8×	Nov 30, 2019
2018	$19.81B	$933.40M	21.2×	-6.8×	Nov 30, 2018
2017	$13.40B	$477.40M	28.1×	+3.8×	Nov 30, 2017
2016	$11.47B	$472.30M	24.3×	-3.1×	Nov 30, 2016
2015	$10.98B	$401.60M	27.3×	+5.6×	Nov 30, 2015
2014	$9.52B	$437.90M	21.7×	-1.5×	Nov 30, 2014
2013	$9.05B	$389.00M	23.3×	+2.2×	Nov 30, 2013
2012	$8.55B	$406.20M	21.1×	+3.8×	Nov 30, 2012
2011	$6.47B	$374.70M	17.3×	+1.5×	Nov 30, 2011
2010	$5.85B	$370.20M	15.8×	+0.2×	Nov 30, 2010
2009	$4.69B	$299.80M	15.6×	+1.0×	Nov 30, 2009
2008	$3.74B	$255.70M	14.6×	-6.6×	Nov 30, 2008
2007	$4.88B	$230.10M	21.2×	-3.8×	Nov 30, 2007
2006	$5.05B	$202.20M	25.0×	+5.7×	Nov 30, 2006
2005	$4.14B	$214.90M	19.3×	-3.6×	Nov 30, 2005
2004	$4.90B	$214.50M	22.9×	+4.0×	Nov 30, 2004
2003	$3.98B	$210.80M	18.9×	+0.5×	Nov 30, 2003
2002	$3.31B	$179.80M	18.4×	-1.8×	Nov 30, 2002
2001	$2.96B	$146.60M	20.2×	—	Nov 30, 2001


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×
PepsiCo (PEP)	23.5×
Philip Morris International (PM)	23.3×
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×
Andersons (ANDE)	19.0×
Target (TGT)	17.0×
Clorox (CLX)	16.6×
Brown-Forman (BF-B)	16.5×
Constellation Brands (STZ)	16.2×
Dollar General (DG)	16.1×
Kimberly-Clark (KMB)	15.1×
Campbell Soup (CPB)	14.9×
Dollar Tree (DLTR)	14.5×
Altria Group (MO)	13.7×
General Mills (GIS)	11.1×
Coca-Cola Europacific Partners (CCEP)	10.9×

P/E Ratio for McCormick & Company (MKC)

P/E Ratio daily chart for McCormick & Company (MKC)

Historical P/E Ratio for McCormick & Company (MKC) from 2001 to 2025

About P/E Ratio at McCormick & Company (MKC)

McCormick & Company P/E Ratio by Year

McCormick & Company P/E Ratio 2025: 22.6×

McCormick & Company P/E Ratio 2024: 26.7×

McCormick & Company P/E Ratio 2023: 25.6×

McCormick & Company P/E Ratio 2022: 33.5×

McCormick & Company P/E Ratio 2021: 30.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

McCormick & Company (MKC) Key Financials

P/E Ratio daily chart for McCormick & Company (MKC)

Historical P/E Ratio for McCormick & Company (MKC) from 2001 to 2025

About P/E Ratio at McCormick & Company (MKC)

McCormick & Company P/E Ratio by Year

McCormick & Company P/E Ratio 2025: 22.6×

McCormick & Company P/E Ratio 2024: 26.7×

McCormick & Company P/E Ratio 2023: 25.6×

McCormick & Company P/E Ratio 2022: 33.5×

McCormick & Company P/E Ratio 2021: 30.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is McCormick & Company'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 McCormick & Company?

+Is McCormick & Company's P/E ratio high or low?

+What is McCormick & Company's historical P/E ratio range?

+What was McCormick & Company's P/E ratio in 2025?

+Why does McCormick & Company's P/E ratio change over time?

McCormick & Company (MKC) Key Financials