Hormel Foods Historical PE Ratio image   This HRL PE ratio history page last updated 3/11/2024
Hormel Foods Historical PE Ratio Chart
PeriodPriceAdj. EPSAnnualizedPE
Q1 2024
2/29/2024
35.320.411.6421.5
Q4 2023
11/29/2023
30.470.421.6818.1
Q3 2023
8/31/2023
38.590.401.6024.1
Q2 2023
6/1/2023
40.200.401.6025.1
Q1 2023
3/2/2023
41.830.401.6026.1
Q4 2022
11/30/2022
47.000.512.0423.0
Q3 2022
9/1/2022
46.980.401.6029.4
Q2 2022
6/2/2022
45.760.481.9223.8
Q1 2022
3/1/2022
49.540.441.7628.1
Q4 2021
12/9/2021
44.800.512.0422.0
Q3 2021
9/2/2021
43.570.391.5627.9
Q2 2021
5/20/2021
49.360.421.6829.4
Q1 2021
2/18/2021
47.490.411.6429.0
Q4 2020
11/24/2020
47.210.431.7227.4
Q3 2020
8/25/2020
51.540.371.4834.8
Q2 2020
5/21/2020
46.010.421.6827.4
Q1 2020
2/20/2020
45.530.451.8025.3
Q4 2019
11/26/2019
44.280.471.8823.6
Q3 2019
8/22/2019
42.950.371.4829.0
Q2 2019
5/23/2019
39.130.461.8421.3
Q1 2019
2/21/2019
41.990.441.7623.9
Q4 2018
11/20/2018
44.950.512.0422.0
Q3 2018
8/23/2018
37.330.391.5623.9
Q2 2018
5/24/2018
35.420.441.7620.1
Q1 2018
2/22/2018
33.000.441.7618.8
Q4 2017
11/21/2017
34.520.411.6421.0
Q3 2017
8/24/2017
32.090.341.3623.6
Q2 2017
5/25/2017
33.130.391.5621.2
Q1 2017
2/23/2017
35.290.441.7620.1
Q4 2016
11/22/2016
35.860.451.8019.9
Q3 2016
8/18/2016
37.040.361.4425.7
Q2 2016
5/18/2016
35.480.401.6022.2
Q1 2016
2/16/2016
44.440.431.7225.8
Q4 2015
11/24/2015
35.660.371.4824.1
Q3 2015
8/19/2015
30.610.281.1227.3
Q2 2015
5/20/2015
29.070.341.3621.4
Q1 2015
2/19/2015
28.830.351.4020.6
Q4 2014
11/25/2014
25.660.321.2820.0
Q3 2014
8/21/2014
24.960.261.0424.0
Q2 2014
5/21/2014
23.570.261.0422.7
Q1 2014
2/20/2014
23.100.291.1619.9
Q4 2013
11/26/2013
22.480.291.1619.4
Q3 2013
8/22/2013
21.380.210.8425.5
Q2 2013
5/23/2013
20.630.230.9222.4
Q1 2013
2/21/2013
18.260.240.9619.0
Q4 2012
11/20/2012
15.030.251.0015.0
Q3 2012
8/23/2012
14.410.180.7220.0
Q2 2012
5/23/2012
14.760.240.9615.4
Q1 2012
2/23/2012
14.200.240.9614.8
Hormel Foods PE History Chart
PeriodPriceAdj. EPSTTMPE
Q1 2024
2/29/2024
35.320.411.6321.7
Q4 2023
11/29/2023
30.470.421.6218.8
Q3 2023
8/31/2023
38.590.401.7122.6
Q2 2023
6/1/2023
40.200.401.7123.5
Q1 2023
3/2/2023
41.830.401.7923.4
Q4 2022
11/30/2022
47.000.511.8325.7
Q3 2022
9/1/2022
46.980.401.8325.7
Q2 2022
6/2/2022
45.760.481.4332.0
Q1 2022
3/1/2022
49.540.441.3437.0
Q4 2021
12/9/2021
44.800.511.3233.9
Q3 2021
9/2/2021
43.570.391.6526.4
Q2 2021
5/20/2021
49.360.421.6330.3
Q1 2021
2/18/2021
47.490.411.6329.1
Q4 2020
11/24/2020
47.210.431.6728.3
Q3 2020
8/25/2020
51.540.371.7130.1
Q2 2020
5/21/2020
46.010.421.7126.9
Q1 2020
2/20/2020
45.530.451.7526.0
Q4 2019
11/26/2019
44.280.471.7425.4
Q3 2019
8/22/2019
42.950.371.7824.1
Q2 2019
5/23/2019
39.130.461.8021.7
Q1 2019
2/21/2019
41.990.441.7823.6
Q4 2018
11/20/2018
44.950.511.7825.3
Q3 2018
8/23/2018
37.330.391.6822.2
Q2 2018
5/24/2018
35.420.441.6321.7
Q1 2018
2/22/2018
33.000.441.5820.9
Q4 2017
11/21/2017
34.520.411.5821.8
Q3 2017
8/24/2017
32.090.341.6219.8
Q2 2017
5/25/2017
33.130.391.6420.2
Q1 2017
2/23/2017
35.290.441.6521.4
Q4 2016
11/22/2016
35.860.451.6421.9
Q3 2016
8/18/2016
37.040.361.5623.7
Q2 2016
5/18/2016
35.480.401.4824.0
Q1 2016
2/16/2016
44.440.431.4231.3
Q4 2015
11/24/2015
35.660.371.3426.6
Q3 2015
8/19/2015
30.610.281.2923.7
Q2 2015
5/20/2015
29.070.341.2722.9
Q1 2015
2/19/2015
28.830.351.1924.2
Q4 2014
11/25/2014
25.660.321.1322.7
Q3 2014
8/21/2014
24.960.261.1022.7
Q2 2014
5/21/2014
23.570.261.0522.4
Q1 2014
2/20/2014
23.100.291.0222.6
Q4 2013
11/26/2013
22.480.290.9723.2
Q3 2013
8/22/2013
21.380.210.9323.0
Q2 2013
5/23/2013
20.630.230.9022.9
Q1 2013
2/21/2013
18.260.240.9120.1
Q4 2012
11/20/2012
15.030.250.9116.5
Q3 2012
8/23/2012
14.410.18NANA
Q2 2012
5/23/2012
14.760.24NANA
Q1 2012
2/23/2012
14.200.24NANA
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Hormel Foods (HRL) is categorized under the Consumer sector; to help you further research PE history across stocks, below are some other companies in the same sector:

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How should the HRL historical PE ratio be determined?
Realizing that PE stands for Price to Earnings ratio, we need two values to compute it: stock price and earnings per share. The stock price at any given date is a known historical value, but what about the earnings number to use?

✔️Accepted answer: There are a number of different approaches when it comes to calculating a historical PE ratio for a company like Hormel Foods. We like to take our measurements on each of the past quarterly earnings reports. That only leaves the question of whether the earnings number at that quarterly report should be used on an annualized basis, or some other method. We approach this question using three different methods, on this HRL Historical PE Ratio page.

What is the average historical PE for HRL based on annualized quarterly earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use that quarter's earnings result annualized?

✔️Accepted answer: The HRL historical PE ratio using the annualized quarterly earnings method works out to 23.2.

What is the average historical PE for HRL based on trailing twelve month earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the trailing twelve months combined earnings result in the calculation?

✔️Accepted answer: The HRL historical PE ratio using the TTM earnings method works out to 24.4.

What is the average historical PE for HRL based on median TTM earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the median earnings over the trailing twelve months and annualize that median result in the calculation?

✔️Accepted answer: The HRL historical PE ratio using the annualized median TTM earnings method works out to 1.64.

On this page we presented the Hormel Foods Historical PE Ratio information for Hormel Foods' stock. The average HRL 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 23.2. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average HRL historical PE based on this TTM earnings result method is 24.4.

Let's now compare this HRL historical PE result, against the recent PE: when this page was posted on 3/8/2024, the most recent closing price for HRL had been 34.11, and the most recent quarterly earnings result, annualized, was 1.64. Meanwhile, the most recent TTM earnings summed to 1.63. From these numbers, we calculate the recent HRL PE on 3/8/2024 based on annualized quarterly EPS was 20.8. Based on HRL's history, that recent PE is low relative to the historical average, with the recent PE 10.3% lower than the historical average PE across our data set for Hormel Foods. Looking at the recent HRL PE on 3/8/2024 based on TTM EPS, we calculate the ratio at 20.9. Based on HRL's history, that recent PE is low relative to the historical average, with the recent PE 14.3% lower than the average PE across our Hormel Foods data set with TTM EPS used in the calculation at each period.

Another interesting HRL historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for HRL, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for HRL, we start with the past four EPS numbers and we first sort them from lowest to highest: 0.40, 0.40, 0.41, and 0.42. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.40 and 0.41 — which gives us the median of 0.41. Basically the way to think about this 0.41 number is this: for the trailing four earnings reports, 0.41 marks the "middle ground" number where HRL has reported a value higher than 0.41 half the time, and has reported a value lower than 0.41 half the time. Annualizing that median value then gets us to 1.64/share, which we use as the denominator in our next PE calculation. With 34.11 as the numerator (as of 3/8/2024), the calculation is then 34.11 / 1.64 = 20.8 as the HRL PE ratio as of 3/8/2024, based on that annualized median value we calculated.

For self directed investors doing their due diligence on HRL or any other given stock, valuation analysis for HRL 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 Hormel Foods 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 HRL. Thanks for visiting, and the next time you need to research HRL 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.

Recommended: JNPR RSI, TWKS Average Annual Return, STRM market cap history.

 

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