McCormick & Company, Incorporated Ratios | P/E, ROE & Valuation

On the Key Ratios page for McCormick & Company, Incorporated (MKC), the latest P/E of 8.9 frames valuation, while ROE 25.58% and ROIC 6.16% indicates profitability and capital efficiency. Together with the current ratio of 0.78 and debt-to-equity 0.71, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

MKC Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$27.44$25.04$24.82$23.68$23.64$21.02$20.16$20.17$18.65$17.42
Net Income per Share$6.05$2.94$2.54$2.54$2.83$2.80$2.65$3.55$1.88$1.87
Operating Cash Flow per Share$4.57$3.43$4.61$2.43$3.10$3.91$3.57$3.12$3.21$2.60
Free Cash Flow per Share$4.30$2.41$3.63$1.45$2.06$3.06$2.92$2.48$2.50$1.99
Cash per Share$1.23$0.69$0.62$1.25$1.32$1.59$0.59$0.37$0.74$0.47
Book Value per Share$28.13$19.80$18.94$17.52$16.56$14.78$13.03$12.10$10.14$6.47
Tangible Book Value per Share$-13.58$-12.70$-13.76$-15.15$-16.85$-16.52$-14.98$-16.21$-19.68$-2.20
Interest Debt per Share$19.09$17.57$17.88$20.41$20.67$19.30$16.93$18.53$20.20$5.94
CAPEX per Share$0.27$1.02$0.98$0.98$1.04$0.85$0.65$0.64$0.72$0.61

MKC Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)8.9426.725.5733.530.3733.3431.9421.1327.1424.45
Price to Book (P/B)2.073.983.444.885.26.356.526.225.067.1
Price to Sales (P/S)1.963.132.613.63.634.454.23.722.742.62
Enterprise Value to EBITDA13.8819.5818.1923.9522.9624.9623.2822.821.8217.08
EV to Sales2.583.773.284.384.435.274.984.593.762.92
EV to Operating Cash Flow15.4827.5317.6442.7333.7828.3328.1129.6121.8319.56
EV to Free Cash Flow16.4739.2222.4271.4750.8436.1534.4237.2928.1225.53
Enterprise Value$19.07B$25.38B$21.83B$27.84B$27.98B$29.50B$26.61B$24.32B$17.80B$12.87B

MKC Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)25.58%14.90%13.45%14.57%17.12%19.04%20.40%29.44%18.65%29.04%
Return on Invested Capital (ROIC)6.16%7.91%7.51%6.18%7.36%7.95%8.79%12.04%5.89%13.42%
Return on Tangible Assets31.03%18.15%16.66%15.63%18.99%19.94%23.95%33.20%16.90%19.36%
Earnings Yield11.24%3.75%3.91%2.99%3.29%3.00%3.13%4.73%3.68%4.09%
Free Cash Flow Yield8.01%3.07%5.59%1.70%2.40%3.28%3.44%3.31%4.88%4.37%
Dividend Yield3.51%2.14%2.41%1.74%1.58%1.32%1.35%1.39%1.83%1.89%

MKC Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.780.740.650.70.680.680.720.740.831
Interest Coverage5.485.14.925.797.437.375.85.17.2711.45
Income Quality0.761.171.820.961.11.391.350.881.711.39
Debt to Equity0.710.850.911.141.221.281.261.481.960.89
Debt to Assets29.94%34.49%35.70%40.58%41.75%41.42%41.73%45.79%48.40%31.22%
Net Debt to EBITDA3.353.333.694.294.133.883.654.315.931.76

MKC Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover10.4111.4511.3411.0711.510.610.6310.248.529.48
Payables Turnover2.993.343.723.483.593.23.784.524.595.72
Inventory Turnover3.223.333.693.043.233.244.083.73.41
Days Sales Outstanding35.0631.8932.1932.9731.7534.4434.3335.6642.8338.49
Days Payables Outstanding121.99109.3598.21104.86101.6114.1596.5480.7479.5463.78
Days of Inventory on Hand113.41109.5198.85120112.87114.1891.3389.4298.61107

MKC Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA13.8819.5818.1923.9522.9624.9623.2822.821.8217.08
Market Cap$14.46B$21.05B$17.40B$22.85B$22.94B$24.92B$22.44B$19.72B$12.96B$11.55B
Enterprise Value$19.07B$25.38B$21.83B$27.84B$27.98B$29.50B$26.61B$24.32B$17.80B$12.87B
Dividend Yield3.51%2.14%2.41%1.74%1.58%1.32%1.35%1.39%1.83%1.89%
Payout Ratio30.67%57.20%61.49%58.17%48.10%44.17%43.01%29.29%49.77%46.11%

Frequently Asked Questions

How does McCormick & Company, Incorporated’s P/E ratio compare with its history?

On this page, MKC's current P/E is 8.9, compared with a multi-year average around 26.3. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is McCormick & Company, Incorporated market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $14.46B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does McCormick & Company, Incorporated’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with McCormick & Company, Incorporated's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does McCormick & Company, Incorporated compare to its competitors in key financial ratios?

The fastest way to compare McCormick & Company, Incorporated with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see McCormick & Company, Incorporated outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do McCormick & Company, Incorporated's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that McCormick & Company, Incorporated is financially strong. Current ratio is about 0.78, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 5.48, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.71, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do McCormick & Company, Incorporated's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If McCormick & Company, Incorporated is sustaining strong returns (for example ROE at 25.58% and ROIC at 6.16%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.