Question 1

What is Tractor Supply's P/E ratio?

Accepted Answer

Tractor Supply (TSCO) P/E ratio is 14.5× 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 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 21.9×.

Question 5

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

Accepted Answer

Tractor Supply's P/E ratio of 14.5× is below its own 5-year average of 24.2× and below the sector median of 21.9×. 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 2001 to a high of 33.0× in 2013. The 5-year average is 24.2× and the 5-year median is 25.2×.

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	$27.14B	$1.10B	24.8×	-1.0×	Dec 27, 2025
2024	$28.31B	$1.10B	25.7×	+4.7×	Dec 31, 2024
2023	$23.26B	$1.11B	21.0×	-1.8×	Dec 31, 2023
2022	$24.84B	$1.09B	22.8×	-4.4×	Dec 31, 2022
2021	$27.12B	$997.11M	27.2×	+5.3×	Dec 31, 2021
2020	$16.38B	$748.96M	21.9×	+2.2×	Dec 31, 2020
2019	$11.06B	$562.35M	19.7×	+0.5×	Dec 31, 2019
2018	$10.19B	$532.36M	19.1×	-3.0×	Dec 31, 2018
2017	$9.38B	$422.60M	22.2×	-0.6×	Dec 31, 2017
2016	$9.94B	$437.12M	22.7×	-5.2×	Dec 31, 2016
2015	$11.49B	$410.39M	28.0×	-0.9×	Dec 31, 2015
2014	$10.73B	$370.88M	28.9×	-4.1×	Dec 31, 2014
2013	$10.84B	$328.23M	33.0×	+10.6×	Dec 31, 2013
2012	$6.21B	$276.46M	22.5×	+0.0×	Dec 31, 2012
2011	$4.99B	$222.74M	22.4×	+1.4×	Dec 31, 2011
2010	$3.53B	$167.97M	21.0×	+4.4×	Dec 31, 2010
2009	$1.92B	$115.47M	16.6×	+0.7×	Dec 31, 2009
2008	$1.31B	$81.93M	15.9×	+1.9×	Dec 31, 2008
2007	$1.35B	$96.24M	14.0×	-5.9×	Dec 31, 2007
2006	$1.82B	$91.01M	20.0×	-4.6×	Dec 31, 2006
2005	$2.10B	$85.67M	24.6×	+2.2×	Dec 31, 2005
2004	$1.44B	$64.07M	22.4×	-3.7×	Dec 31, 2004
2003	$1.48B	$56.50M	26.1×	+8.4×	Dec 31, 2003
2002	$688.38M	$38.77M	17.8×	+5.9×	Dec 31, 2002
2001	$304.88M	$25.77M	11.8×	—	Dec 31, 2001


Las Vegas Sands (LVS)	19.6×
Avery Dennison (AVY)	19.3×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
Lennar (LEN)	15.6×
GameStop (GME)	15.6×
Norwegian Cruise Line (NCLH)	15.0×
NVR (NVR)	14.8×
Masco (MAS)	14.6×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Carnival Corporation (CCL)	14.0×
Deckers Outdoor (DECK)	13.8×
Weyco Group (WEYS)	12.8×
D.R. Horton (DHI)	12.5×
Best Buy Co. (BBY)	11.1×
PulteGroup (PHM)	11.0×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×
Sonoco Products (SON)	5.1×

P/E Ratio for Tractor Supply (TSCO)

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

Historical P/E Ratio for Tractor Supply (TSCO) from 2001 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

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

Historical P/E Ratio for Tractor Supply (TSCO) from 2001 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

+What is Tractor Supply'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 Tractor Supply?

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

+What is Tractor Supply's historical P/E ratio range?

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

+Why does Tractor Supply's P/E ratio change over time?

Tractor Supply (TSCO) Key Financials