P/E ratio for MGP Ingredients (MGPI)
P/E ratio as of May 2024 (TTM): 18.2
According to MGP Ingredients's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.164. At the end of 2022 the company had a P/E ratio of 21.6.
P/E ratio history for MGP Ingredients from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.6 | 9.93% |
| 2021 | 19.6 | -1.15% |
| 2020 | 19.9 | -6.97% |
| 2019 | 21.3 | -18.82% |
| 2018 | 26.3 | -16.9% |
| 2017 | 31.6 | 14.57% |
| 2016 | 27.6 | 57.49% |
| 2015 | 17.5 | 44.83% |
| 2014 | 12.1 | -167.65% |
| 2013 | -17.9 | -141.86% |
| 2012 | 42.8 | |
| 2010 | 24.0 | -112.55% |
| 2009 | -191 | 131776.87% |
| 2008 | -0.1450 | -100.83% |
| 2007 | 17.4 | 10.33% |
| 2006 | 15.8 | -43.72% |
| 2005 | 28.1 | 39.83% |
| 2004 | 20.1 | -52.8% |
| 2003 | 42.6 | 451.2% |
| 2002 | 7.72 | -47.89% |
| 2001 | 14.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Archer Daniels Midland (ADM)
ADM | 8.54 | -52.99% | 🇺🇸 USA |
 Dupont De Nemours DD | 8.01 | -55.93% | 🇺🇸 USA |
 Valero Energy VLO | 5.40 | -70.27% | 🇺🇸 USA |
 Ingredion INGR | 13.7 | -24.69% | 🇺🇸 USA |
 Bunge BG | 7.97 | -56.13% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.