Question 1

What is MSA Safety's P/E ratio?

Accepted Answer

MSA Safety (MSA) P/E ratio is 21.6× 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 MSA Safety?

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 MSA Safety specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is MSA Safety's P/E ratio high or low?

Accepted Answer

MSA Safety's P/E ratio of 21.6× is below its own 5-year average of 96.0× and below the sector median of 27.8×. That places the current reading at the 3th 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 MSA Safety's historical P/E ratio range?

Accepted Answer

In the available daily series, MSA Safety (MSA) P/E ratio has ranged from a low of 10.8× in 2003 to a high of 547.7× in 2023. The 5-year average is 96.0× and the 5-year median is 31.5×.

Question 7

What was MSA Safety's P/E ratio in 2025?

Accepted Answer

MSA Safety (MSA) P/E ratio at the end of 2025 was 22.5×. 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 MSA Safety'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	$6.26B	$278.92M	22.5×	-0.4×	Dec 31, 2025
2024	$6.53B	$284.97M	22.9×	-90.5×	Dec 31, 2024
2023	$6.64B	$58.58M	113.4×	+81.9×	Dec 31, 2023
2022	$5.65B	$179.63M	31.5×	-217.5×	Dec 31, 2022
2021	$5.92B	$23.79M	248.9×	+200.4×	Dec 31, 2021
2020	$5.82B	$120.11M	48.5×	+12.6×	Dec 31, 2020
2019	$4.90B	$136.44M	35.9×	+6.7×	Dec 31, 2019
2018	$3.63B	$124.15M	29.2×	-84.2×	Dec 31, 2018
2017	$2.95B	$26.03M	113.4×	+85.1×	Dec 31, 2017
2016	$2.61B	$91.94M	28.4×	+5.5×	Dec 31, 2016
2015	$1.62B	$70.81M	22.9×	+0.6×	Dec 31, 2015
2014	$1.98B	$88.51M	22.3×	+0.9×	Dec 31, 2014
2013	$1.89B	$88.25M	21.4×	+4.2×	Dec 31, 2013
2012	$1.57B	$90.64M	17.3×	+0.1×	Dec 31, 2012
2011	$1.20B	$69.85M	17.2×	-12.3×	Dec 31, 2011
2010	$1.12B	$38.10M	29.5×	+7.6×	Dec 31, 2010
2009	$946.75M	$43.30M	21.9×	+9.8×	Dec 31, 2009
2008	$851.67M	$70.42M	12.1×	-15.0×	Dec 31, 2008
2007	$1.83B	$67.59M	27.0×	+6.6×	Dec 31, 2007
2006	$1.31B	$63.92M	20.5×	+4.3×	Dec 31, 2006
2005	$1.33B	$81.78M	16.2×	-10.1×	Dec 31, 2005
2004	$1.87B	$71.05M	26.3×	+11.5×	Dec 31, 2004
2003	$964.41M	$65.27M	14.8×	+3.5×	Dec 31, 2003
2002	$394.07M	$35.08M	11.2×	-4.0×	Dec 31, 2002
2001	$482.60M	$31.63M	15.3×	—	Dec 31, 2001


Lennox International (LII)	20.6×
Paychex (PAYX)	20.6×
Copart (CPRT)	20.4×
Otis Worldwide (OTIS)	20.2×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Carlisle Companies (CSL)	18.8×
Automatic Data Processing (ADP)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
United Rentals (URI)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
A. O. Smith (AOS)	17.4×
FedEx (FDX)	16.9×
Textron (TXT)	16.6×
United Parcel Service (UPS)	15.9×
ABM Industries (ABM)	15.2×
Gartner (IT)	14.9×
AGCO (AGCO)	10.9×
Delta Air Lines (DAL)	9.7×
United Airlines Holdings (UAL)	8.2×
Versant Media Group, Inc. Class A (VSNT)	6.3×

P/E Ratio for MSA Safety (MSA)

P/E Ratio daily chart for MSA Safety (MSA)

Historical P/E Ratio for MSA Safety (MSA) from 2001 to 2025

About P/E Ratio at MSA Safety (MSA)

MSA Safety P/E Ratio by Year

MSA Safety P/E Ratio 2025: 22.5×

MSA Safety P/E Ratio 2024: 22.9×

MSA Safety P/E Ratio 2023: 113.4×

MSA Safety P/E Ratio 2022: 31.5×

MSA Safety P/E Ratio 2021: 248.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

MSA Safety (MSA) Key Financials

P/E Ratio daily chart for MSA Safety (MSA)

Historical P/E Ratio for MSA Safety (MSA) from 2001 to 2025

About P/E Ratio at MSA Safety (MSA)

MSA Safety P/E Ratio by Year

MSA Safety P/E Ratio 2025: 22.5×

MSA Safety P/E Ratio 2024: 22.9×

MSA Safety P/E Ratio 2023: 113.4×

MSA Safety P/E Ratio 2022: 31.5×

MSA Safety P/E Ratio 2021: 248.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is MSA Safety'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 MSA Safety?

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

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

+What was MSA Safety's P/E ratio in 2025?

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

MSA Safety (MSA) Key Financials