CALY Historical PE Ratio Notes

— Callaway Golf Company (ticker: CALY) is a leading manufacturer of golf equipment, including clubs, balls, bags, and accessories, as well as an operator of golf-focused apparel brands. The company has diversified by expanding into lifestyle & sporting goods through acquisitions, such as the 2017 purchase of TravisMathew & the 2021 merger with Topgolf. This evolution has transformed Callaway from a traditional golf club manufacturer into a broader sporting & entertainment business. When examining CALY’s historical price-to-earnings (PE) ratio, it’s important to recognize how these strategic changes impact its earnings profile & market valuation. Periods of expansion or high investment may temporarily depress earnings, raising the PE ratio, while successful integration & growth of new segments typically lower the PE by boosting profits. Additionally, seasonality in golf sales & macroeconomic factors affecting consumer discretionary spending can cause fluctuations in both earnings and valuation multiples. As you review historical charts & tables, consider how product launches, acquisitions, and market cycles influenced investor expectations, leading to shifts in CALY’s PE ratio over time.

On this page we presented the CALY Historical PE Ratio information for Callaway Golf' stock. The average CALY historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 22.2. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average CALY historical PE based on this TTM earnings result method is 44.5. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this CALY historical PE result, against the recent PE: when this page was posted on 9/3/2026, the most recent closing price for CALY had been 15.72, and the most recent quarterly earnings result, annualized, was 1.56. Meanwhile, the most recent TTM earnings summed to 0.65. From these numbers, we calculate the recent CALY PE on 9/3/2026 based on annualized quarterly EPS was 10.1. Based on CALY's history, that recent PE is low relative to the historical average, with the recent PE 54.5% lower than the historical average PE across our data set for Callaway Golf. Looking at the recent CALY PE on 9/3/2026 based on TTM EPS, we calculate the ratio at 24.2. Based on CALY's history, that recent PE is low relative to the historical average, with the recent PE 45.6% lower than the average PE across our Callaway Golf data set with TTM EPS used in the calculation at each period.

Another interesting CALY historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for CALY, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for CALY, we start with the past four EPS numbers and we first sort them from lowest to highest: -0.25, -0.05, 0.39, and 0.56. We then toss out the highest and lowest result, and then take the average of those two middle numbers — -0.05 and 0.39 — which gives us the median of 0.17. Basically the way to think about this 0.17 number is this: for the trailing four earnings reports, 0.17 marks the "middle ground" number where CALY has reported a value higher than 0.17 half the time, and has reported a value lower than 0.17 half the time. Annualizing that median value then gets us to 0.68/share, which we use as the denominator in our next PE calculation. With 15.72 as the numerator (as of 9/3/2026), the calculation is then 15.72 / 0.68 = 23.1 as the CALY PE ratio as of 9/3/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on CALY or any other given stock, valuation analysis for CALY can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Callaway Golf PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for CALY. Thanks for visiting, and the next time you need to research CALY Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.