Question 1

What is Procter & Gamble's P/E ratio?

Accepted Answer

Procter & Gamble (PG) P/E ratio is 21.6× 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 Procter & Gamble?

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 Procter & Gamble specifically, the relevant sector benchmark is the current sector median of 22.6×.

Question 5

Is Procter & Gamble's P/E ratio high or low?

Accepted Answer

Procter & Gamble's P/E ratio of 21.6× is below its own 5-year average of 24.4× and below the sector median of 22.6×. That places the current reading at the 11th 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 Procter & Gamble's historical P/E ratio range?

Accepted Answer

In the available daily series, Procter & Gamble (PG) P/E ratio has ranged from a low of 9.8× in 2009 to a high of 72.6× in 2019. The 5-year average is 24.4× and the 5-year median is 24.6×.

Question 7

What was Procter & Gamble's P/E ratio in 2025?

Accepted Answer

Procter & Gamble (PG) P/E ratio at the end of 2025 was 24.5×. 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 Procter & Gamble'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	$391B	$16B	24.5×	-2.6×	Jun 30, 2025
2024	$402B	$14.9B	27.0×	+1.4×	Jun 30, 2024
2023	$376B	$14.7B	25.7×	+1.0×	Jun 30, 2023
2022	$363B	$14.7B	24.6×	+1.0×	Jun 30, 2022
2021	$338B	$14.3B	23.6×	+0.3×	Jun 30, 2021
2020	$304B	$13B	23.4×	-47.6×	Jun 30, 2020
2019	$276B	$3.9B	70.9×	+50.2×	Jun 30, 2019
2018	$202B	$9.75B	20.7×	+5.7×	Jun 30, 2018
2017	$230B	$15.3B	15.0×	-7.1×	Jun 30, 2017
2016	$233B	$10.5B	22.1×	-11.9×	Jun 30, 2016
2015	$240B	$7.04B	34.1×	+15.2×	Jun 30, 2015
2014	$220B	$11.6B	18.9×	-0.7×	Jun 30, 2014
2013	$222B	$11.3B	19.6×	+3.6×	Jun 30, 2013
2012	$172B	$10.8B	16.0×	+1.2×	Jun 30, 2012
2011	$175B	$11.8B	14.9×	+1.3×	Jun 30, 2011
2010	$172B	$12.7B	13.5×	+2.4×	Jun 30, 2010
2009	$149B	$13.4B	11.1×	-4.1×	Jun 30, 2009
2008	$183B	$12.1B	15.2×	-3.3×	Jun 30, 2008
2007	$191B	$10.3B	18.4×	-2.1×	Jun 30, 2007
2006	$178B	$8.68B	20.5×	+2.5×	Jun 30, 2006
2005	$128B	$7.09B	18.1×	-3.2×	Jun 30, 2005
2004	$138B	$6.48B	21.3×	-1.0×	Jun 30, 2004
2003	$116B	$5.19B	22.3×	-4.6×	Jun 30, 2003
2002	$117B	$4.35B	26.9×	—	Jun 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×
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×
McCormick & Company (MKC)	7.7×

P/E Ratio for Procter & Gamble (PG) 2002-2026

P/E Ratio daily chart for Procter & Gamble (PG)

Historical P/E Ratio for Procter & Gamble (PG) from 2002 to 2025

About P/E Ratio at Procter & Gamble (PG)

Procter & Gamble P/E Ratio by Year

Procter & Gamble P/E Ratio 2025: 24.5×

Procter & Gamble P/E Ratio 2024: 27.0×

Procter & Gamble P/E Ratio 2023: 25.7×

Procter & Gamble P/E Ratio 2022: 24.6×

Procter & Gamble P/E Ratio 2021: 23.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Procter & Gamble (PG) Key Financials