Question 1

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

Accepted Answer

McCormick & Company (MKC) P/E ratio is 8.6× 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 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 22.6×.

Question 5

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

Accepted Answer

McCormick & Company's P/E ratio of 8.6× is below its own 5-year average of 27.3× and below the sector median of 22.6×. That places the current reading at the 5th 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 27.3× and the 5-year median is 27.7×.

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	$17.8B	$789M	22.6×	-4.1×	Nov 30, 2025
2024	$21B	$789M	26.7×	+1.1×	Nov 30, 2024
2023	$17.4B	$681M	25.6×	-7.9×	Nov 30, 2023
2022	$22.8B	$682M	33.5×	+3.1×	Nov 30, 2022
2021	$22.9B	$755M	30.4×	-3.0×	Nov 30, 2021
2020	$25B	$747M	33.4×	+1.4×	Nov 30, 2020
2019	$22.5B	$703M	32.0×	+10.8×	Nov 30, 2019
2018	$19.8B	$933M	21.2×	-6.8×	Nov 30, 2018
2017	$13.4B	$477M	28.1×	+3.8×	Nov 30, 2017
2016	$11.5B	$472M	24.3×	-3.1×	Nov 30, 2016
2015	$11B	$402M	27.3×	+5.6×	Nov 30, 2015
2014	$9.52B	$438M	21.7×	-1.5×	Nov 30, 2014
2013	$9.05B	$389M	23.3×	+2.2×	Nov 30, 2013
2012	$8.55B	$406M	21.1×	+3.8×	Nov 30, 2012
2011	$6.47B	$375M	17.3×	+1.5×	Nov 30, 2011
2010	$5.85B	$370M	15.8×	+0.2×	Nov 30, 2010
2009	$4.69B	$300M	15.6×	+1.0×	Nov 30, 2009
2008	$3.74B	$256M	14.6×	-6.6×	Nov 30, 2008
2007	$4.88B	$230M	21.2×	-3.8×	Nov 30, 2007
2006	$5.05B	$202M	25.0×	+5.7×	Nov 30, 2006
2005	$4.14B	$215M	19.3×	-3.6×	Nov 30, 2005
2004	$4.9B	$215M	22.9×	+4.0×	Nov 30, 2004
2003	$3.98B	$211M	18.9×	+0.5×	Nov 30, 2003
2002	$3.31B	$180M	18.4×	—	Nov 30, 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×
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×

P/E Ratio for McCormick & Company (MKC) 2002-2026

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

Historical P/E Ratio for McCormick & Company (MKC) from 2002 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