Question 1

What is NACCO Industries's P/E ratio?

Accepted Answer

NACCO Industries (NC) P/E ratio is 16.4× 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 NACCO Industries?

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 NACCO Industries specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

Is NACCO Industries's P/E ratio high or low?

Accepted Answer

NACCO Industries's P/E ratio of 16.4× is above its own 5-year average of 8.7× and below the sector median of 17.8×. That places the current reading at the 91th 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 NACCO Industries's historical P/E ratio range?

Accepted Answer

In the available daily series, NACCO Industries (NC) P/E ratio has ranged from a low of 0.3× in 2011 to a high of 24.8× in 2026. The 5-year average is 8.7× and the 5-year median is 6.9×.

Question 7

What was NACCO Industries's P/E ratio in 2025?

Accepted Answer

NACCO Industries (NC) P/E ratio at the end of 2025 was 20.7×. 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 NACCO Industries'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	$364M	$17.6M	20.7×	+14.3×	Dec 31, 2025
2024	$218M	$33.7M	6.4×	—	Dec 31, 2024
2023	$273M	-$39.6M	—	—	Dec 31, 2023
2022	$279M	$74.2M	3.8×	-1.6×	Dec 31, 2022
2021	$260M	$48.1M	5.4×	-7.1×	Dec 31, 2021
2020	$185M	$14.8M	12.5×	+4.3×	Dec 31, 2020
2019	$327M	$39.6M	8.2×	+1.5×	Dec 31, 2019
2018	$235M	$34.8M	6.8×	-1.7×	Dec 31, 2018
2017	$258M	$30.3M	8.5×	+3.8×	Dec 31, 2017
2016	$140M	$29.6M	4.7×	+1.7×	Dec 31, 2016
2015	$65.9M	$22M	3.0×	—	Dec 31, 2015
2014	$98.9M	-$38.1M	—	—	Dec 31, 2014
2013	$112M	$44.5M	2.5×	+1.4×	Dec 31, 2013
2012	$116M	$109M	1.1×	+0.7×	Dec 31, 2012
2011	$55.4M	$162M	0.3×	-0.5×	Dec 31, 2011
2010	$66.9M	$79.5M	0.8×	-0.1×	Dec 31, 2010
2009	$30.6M	$31.1M	1.0×	—	Dec 31, 2009
2008	$23M	-$438M	—	—	Dec 31, 2008
2007	$61.1M	$89.3M	0.7×	-0.1×	Dec 31, 2007
2006	$83.4M	$106M	0.8×	-0.4×	Dec 31, 2006
2005	$71.4M	$62.5M	1.1×	-0.2×	Dec 31, 2005
2004	$64.2M	$47.9M	1.3×	+0.3×	Dec 31, 2004
2003	$54.4M	$52.8M	1.0×	+0.5×	Dec 31, 2003
2002	$26.6M	$51.5M	0.5×	—	Dec 31, 2002


Diamondback Energy (FANG)	138.8×
Texas Pacific Land (TPL)	65.0×
Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Baker Hughes (BKR)	19.4×
Phillips 66 (PSX)	17.8×
Halliburton (HAL)	17.7×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×

P/E Ratio for NACCO Industries (NC) 2002-2026

P/E Ratio daily chart for NACCO Industries (NC)

Historical P/E Ratio for NACCO Industries (NC) from 2002 to 2025

About P/E Ratio at NACCO Industries (NC)

NACCO Industries P/E Ratio by Year

NACCO Industries P/E Ratio 2025: 20.7×

NACCO Industries P/E Ratio 2024: 6.4×

NACCO Industries P/E Ratio 2022: 3.8×

NACCO Industries P/E Ratio 2021: 5.4×

NACCO Industries P/E Ratio 2020: 12.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

NACCO Industries (NC) Key Financials