Question 1

What is Tractor Supply's P/E ratio?

Accepted Answer

Tractor Supply (TSCO) P/E ratio is 14.3× 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 Tractor Supply?

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 Tractor Supply specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

Is Tractor Supply's P/E ratio high or low?

Accepted Answer

Tractor Supply's P/E ratio of 14.3× is below its own 5-year average of 24.2× and below the sector median of 21.7×. That places the current reading at the 0th 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 Tractor Supply's historical P/E ratio range?

Accepted Answer

In the available daily series, Tractor Supply (TSCO) P/E ratio has ranged from a low of 11.8× in 2008 to a high of 33.0× in 2013. The 5-year average is 24.2× and the 5-year median is 25.0×.

Question 7

What was Tractor Supply's P/E ratio in 2025?

Accepted Answer

Tractor Supply (TSCO) P/E ratio at the end of 2025 was 24.8×. 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 Tractor Supply'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	$27.1B	$1.1B	24.8×	-1.0×	Dec 27, 2025
2024	$28.3B	$1.1B	25.7×	+4.7×	Dec 31, 2024
2023	$23.3B	$1.11B	21.0×	-1.8×	Dec 31, 2023
2022	$24.8B	$1.09B	22.8×	-4.4×	Dec 31, 2022
2021	$27.1B	$997M	27.2×	+5.3×	Dec 31, 2021
2020	$16.4B	$749M	21.9×	+2.2×	Dec 31, 2020
2019	$11.1B	$562M	19.7×	+0.5×	Dec 31, 2019
2018	$10.2B	$532M	19.1×	-3.0×	Dec 31, 2018
2017	$9.38B	$423M	22.2×	-0.6×	Dec 31, 2017
2016	$9.94B	$437M	22.7×	-5.2×	Dec 31, 2016
2015	$11.5B	$410M	28.0×	-0.9×	Dec 31, 2015
2014	$10.7B	$371M	28.9×	-4.1×	Dec 31, 2014
2013	$10.8B	$328M	33.0×	+10.6×	Dec 31, 2013
2012	$6.21B	$276M	22.5×	+0.0×	Dec 31, 2012
2011	$4.99B	$223M	22.4×	+1.4×	Dec 31, 2011
2010	$3.53B	$168M	21.0×	+4.4×	Dec 31, 2010
2009	$1.92B	$115M	16.6×	+0.7×	Dec 31, 2009
2008	$1.31B	$81.9M	15.9×	+1.9×	Dec 31, 2008
2007	$1.35B	$96.2M	14.0×	-5.9×	Dec 31, 2007
2006	$1.82B	$91M	20.0×	-4.6×	Dec 31, 2006
2005	$2.1B	$85.7M	24.6×	+2.2×	Dec 31, 2005
2004	$1.44B	$64.1M	22.4×	-3.7×	Dec 31, 2004
2003	$1.48B	$56.5M	26.1×	+8.4×	Dec 31, 2003
2002	$688M	$38.8M	17.8×	—	Dec 31, 2002


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P/E Ratio for Tractor Supply (TSCO) 2002-2026

P/E Ratio daily chart for Tractor Supply (TSCO)

Historical P/E Ratio for Tractor Supply (TSCO) from 2002 to 2025

About P/E Ratio at Tractor Supply (TSCO)

Tractor Supply P/E Ratio by Year

Tractor Supply P/E Ratio 2025: 24.8×

Tractor Supply P/E Ratio 2024: 25.7×

Tractor Supply P/E Ratio 2023: 21.0×

Tractor Supply P/E Ratio 2022: 22.8×

Tractor Supply P/E Ratio 2021: 27.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Tractor Supply (TSCO) Key Financials