Price to Earnings (P/E)
since 2005
Calculation
Albemarle Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Albemarle Corporation1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 15, 2023 | 11.89 | = | 272.79 | ÷ | 22.95 | 22.95 | = | 2,689,816 | ÷ | 117,197,977 | |
| Feb 22, 2022 | 181.56 | = | 191.85 | ÷ | 1.06 | 1.06 | = | 123,672 | ÷ | 117,036,615 | |
| Feb 19, 2021 | 48.47 | = | 156.17 | ÷ | 3.22 | 3.22 | = | 375,764 | ÷ | 116,632,439 | |
| Feb 26, 2020 | 17.06 | = | 85.65 | ÷ | 5.02 | 5.02 | = | 533,228 | ÷ | 106,206,157 | |
| Feb 27, 2019 | 14.07 | = | 92.28 | ÷ | 6.56 | 6.56 | = | 693,562 | ÷ | 105,753,864 | |
| Feb 28, 2018 | 202.58 | = | 100.43 | ÷ | 0.50 | 0.50 | = | 54,850 | ÷ | 110,638,449 | |
| Feb 28, 2017 | 17.75 | = | 101.51 | ÷ | 5.72 | 5.72 | = | 643,675 | ÷ | 112,566,316 | |
| Feb 29, 2016 | 18.84 | = | 56.22 | ÷ | 2.98 | 2.98 | = | 334,906 | ÷ | 112,250,676 | |
| Mar 2, 2015 | 47.68 | = | 56.68 | ÷ | 1.19 | 1.19 | = | 133,316 | ÷ | 112,155,745 | |
| Feb 25, 2014 | 12.37 | = | 64.28 | ÷ | 5.20 | 5.20 | = | 413,171 | ÷ | 79,497,921 | |
| Feb 15, 2013 | 18.65 | = | 65.42 | ÷ | 3.51 | 3.51 | = | 311,536 | ÷ | 88,836,443 | |
| Feb 22, 2012 | 13.49 | = | 66.19 | ÷ | 4.91 | 4.91 | = | 436,280 | ÷ | 88,937,768 | |
| Feb 25, 2011 | 16.20 | = | 57.24 | ÷ | 3.53 | 3.53 | = | 323,720 | ÷ | 91,633,335 | |
| Feb 26, 2010 | 19.19 | = | 37.49 | ÷ | 1.95 | 1.95 | = | 178,368 | ÷ | 91,314,008 | |
| Feb 27, 2009 | 9.10 | = | 19.35 | ÷ | 2.13 | 2.13 | = | 194,202 | ÷ | 91,377,788 | |
| Feb 29, 2008 | 15.10 | = | 37.94 | ÷ | 2.51 | 2.51 | = | 229,690 | ÷ | 91,407,676 | |
| Mar 1, 2007 | 27.28 | = | 40.98 | ÷ | 1.50 | 1.50 | = | 142,969 | ÷ | 95,174,444 | |
| Mar 15, 2006 | 18.13 | = | 22.05 | ÷ | 1.22 | 1.22 | = | 114,867 | ÷ | 94,462,906 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Albemarle Corp. Annual Report.
The financial metrics from 2006 to 2023 reveal a long-term appreciation in share price characterized by extreme volatility in earnings per share, which has resulted in highly erratic Price-to-Earnings (P/E) valuations.
- Share Price Appreciation
- A consistent long-term upward trajectory is observed in the share price, which grew from $22.05 in 2006 to $272.79 in 2023. The most significant acceleration occurred between February 2020 and February 2023, during which the price increased from $85.65 to $272.79.
- Earnings Per Share (EPS) Volatility
- Earnings have demonstrated substantial instability over the analyzed period. While EPS remained relatively steady between 2006 and 2014, sharp contractions occurred in 2015 ($1.19), 2018 ($0.50), and 2022 ($1.06). This volatility concluded with a massive surge to $22.95 in 2023, representing a significant expansion in profitability.
- P/E Ratio Anomalies
- The P/E ratio frequently shifted between periods of stability and extreme spikes. While the ratio generally fluctuated between 9.10 and 19.19 during most years, critical outliers appeared in 2018 (202.58) and 2022 (181.56). These anomalies were driven by the intersection of declining earnings and rising or stable share prices, suggesting that market valuation remained high despite temporary collapses in actual earnings.
- Valuation Convergence
- In 2023, a convergence is observed where the P/E ratio dropped to 11.89 despite the share price reaching its peak. This compression is a direct result of the exponential increase in EPS, which brought the valuation back in line with historical norms after the distorted peaks seen in previous years.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
Albemarle Corp., P/E, long-term trends, comparison to competitors
| Albemarle Corp. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Feb 15, 2023 | 11.89 | 41.34 | 28.48 |
| Feb 22, 2022 | 181.56 | 38.92 | 37.32 |
| Feb 19, 2021 | 48.47 | 52.57 | 31.64 |
| Feb 26, 2020 | 17.06 | 46.22 | 34.31 |
| Feb 27, 2019 | 14.07 | 19.41 | 36.79 |
| Feb 28, 2018 | 202.58 | 34.48 | 21.12 |
| Feb 28, 2017 | 17.75 | 22.87 | 25.74 |
| Feb 29, 2016 | 18.84 | 18.76 | 22.74 |
| Mar 2, 2015 | 47.68 | 21.92 | 31.54 |
| Feb 25, 2014 | 12.37 | 21.31 | 26.50 |
| Feb 15, 2013 | 18.65 | 19.64 | 26.48 |
| Feb 22, 2012 | 13.49 | 19.45 | 23.80 |
| Feb 25, 2011 | 16.20 | 24.62 | 19.17 |
| Feb 26, 2010 | 19.19 | 18.56 | 16.18 |
| Feb 27, 2009 | 9.10 | 15.03 | 11.36 |
| Feb 29, 2008 | 15.10 | 22.42 | 10.62 |
| Mar 1, 2007 | 27.28 | 20.00 | 15.53 |
| Mar 15, 2006 | 18.13 | 24.39 | 12.72 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Chemicals)
Albemarle Corp., P/E, long-term trends, comparison to sector (chemicals)
| Albemarle Corp. | Chemicals | |
|---|---|---|
| Feb 15, 2023 | 11.89 | 37.13 |
| Feb 22, 2022 | 181.56 | 38.39 |
| Feb 19, 2021 | 48.47 | 43.19 |
| Feb 26, 2020 | 17.06 | 41.42 |
| Feb 27, 2019 | 14.07 | 22.92 |
| Feb 28, 2018 | 202.58 | 26.64 |
| Feb 28, 2017 | 17.75 | 24.11 |
| Feb 29, 2016 | 18.84 | 20.37 |
| Mar 2, 2015 | 47.68 | 25.17 |
| Feb 25, 2014 | 12.37 | 22.86 |
| Feb 15, 2013 | 18.65 | 21.50 |
| Feb 22, 2012 | 13.49 | 20.36 |
| Feb 25, 2011 | 16.20 | 23.10 |
| Feb 26, 2010 | 19.19 | 17.95 |
| Feb 27, 2009 | 9.10 | 14.00 |
| Feb 29, 2008 | 15.10 | 18.37 |
| Mar 1, 2007 | 27.28 | 18.36 |
| Mar 15, 2006 | 18.13 | 19.84 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
Albemarle Corp., P/E, long-term trends, comparison to industry (materials)
| Albemarle Corp. | Materials | |
|---|---|---|
| Feb 15, 2023 | 11.89 | 30.05 |
| Feb 22, 2022 | 181.56 | 28.21 |
| Feb 19, 2021 | 48.47 | 47.50 |
| Feb 26, 2020 | 17.06 | 49.13 |
| Feb 27, 2019 | 14.07 | 17.75 |
| Feb 28, 2018 | 202.58 | 22.15 |
| Feb 28, 2017 | 17.75 | — |
| Feb 29, 2016 | 18.84 | — |
| Mar 2, 2015 | 47.68 | 69.44 |
| Feb 25, 2014 | 12.37 | 17.83 |
| Feb 15, 2013 | 18.65 | 15.06 |
| Feb 22, 2012 | 13.49 | 12.60 |
| Feb 25, 2011 | 16.20 | 14.83 |
| Feb 26, 2010 | 19.19 | 14.87 |
| Feb 27, 2009 | 9.10 | — |
| Feb 29, 2008 | 15.10 | 15.68 |
| Mar 1, 2007 | 27.28 | 13.52 |
| Mar 15, 2006 | 18.13 | 15.84 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).