Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 25.77 is in line with its 5-year average of 24.23, around the middle of its 5-year range (7.97–48.91).
As of 2026-09-12T00:15:46.919Z. 1.16% below its 12-month average of 26.07.
Calculation as of: 2026-09-12T00:15:46.919Z.
Quote observation: 2026-09-11T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 21d4530f46c27a330a27e13acc83cdd67f4baeb56c07e52c66d3cc6e0046e444
PE Ratio (25.77) = Close Price ($311.54) / Diluted TTM EPS ($12.09)
PE RATIO
25.77
PE RATIO AVG TTM
26.07
PE RATIO AVG 3Y
32.60
PE RATIO AVG 5Y
24.23
PE RATIO AVG 10Y
21.22
PE RATIO AVG 15Y
16.99
PE RATIO AVG 20Y
16.47
CURRENT VS TTM AVG
-1.16%
CURRENT VS 3Y AVG
-20.96%
CURRENT VS 5Y AVG
+6.35%
CURRENT VS 10Y AVG
+21.45%
CURRENT VS 15Y AVG
+51.66%
CURRENT VS 20Y AVG
+56.46%
SECTOR MEDIAN · HEALTHCARE
27.27
median of 75 covered companies
CURRENT VS SECTOR MEDIAN
-5.50%
vs the sector median at left
Market Cap
$25.94B
PE Ratio
24.95
TTM Avg
22.49
3Y Avg
21.00
5Y Avg
17.76
Market Cap
$26.14B
PE Ratio
29.07
TTM Avg
31.86
3Y Avg
32.67
5Y Avg
35.38
Market Cap
$24.37B
PE Ratio
44.27
TTM Avg
40.72
3Y Avg
42.55
5Y Avg
42.74
Market Cap
$28.88B
PE Ratio
18.53
TTM Avg
18.49
3Y Avg
20.58
5Y Avg
20.24
Market Cap
$21.10B
PE Ratio
17.81
TTM Avg
18.79
3Y Avg
15.33
5Y Avg
16.01
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Labcorp Holdings Inc. (LH) | $25.55B | 25.77 | 26.07 | 32.60 | 24.23 |
| Quest Diagnostics Incorporated (DGX)vs › | $25.94B | 24.95 | 22.49 | 21.00 | 17.76 |
| Mettler-Toledo International Inc. (MTD)vs › | $26.14B | 29.07 | 31.86 | 32.67 | 35.38 |
| Incyte Corporation (INCY)vs › | $24.62B | 15.47 | 16.31 | 111.37 | 78.66 |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.37B | 44.27 | 40.72 | 42.55 | 42.74 |
| BioNTech SE (BNTX)vs › | $24.30B | N/A | 56.34 | 22.85 | 82.93 |
| Medline Inc. (MDLN)vs › | $27.51B | 37.83 | 35.26 | 35.26 | 35.26 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $28.88B | 18.53 | 18.49 | 20.58 | 20.24 |
| United Therapeutics Corporation (UTHR)vs › | $21.10B | 17.81 | 18.79 | 15.33 | 16.01 |
| Waters Corporation (WAT)vs › | $30.54B | 101.83 | 40.98 | 34.32 | 31.80 |
At 25.8, P/E is above its 20-year median — higher than 86% of readings in its 20-year history.
20-year low
7.5
median
15.7
20-year high
53.4
Trailing P/E
25.8
Forward P/E
17.0
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$311.54
Forward EPS (Est.)
$18.35
Forward P/E
16.98
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PE RATIO |
|---|---|
| 2026-09-10 | 25.39 |
| 2026-09-09 | 26.56 |
| 2026-09-08 | 26.87 |
| 2026-09-04 | 27.04 |
| 2026-09-03 | 27.42 |
| 2026-09-02 | 27.43 |
| 2026-09-01 | 27.10 |
| 2026-08-31 | 27.52 |
| 2026-08-28 | 27.72 |
| 2026-08-27 | 27.84 |
| 2026-08-26 | 27.77 |
| 2026-08-25 | 27.93 |
| 2026-08-24 | 28.07 |
| 2026-08-21 | 27.82 |
| 2026-08-20 | 27.53 |
| 2026-08-19 | 27.33 |
| 2026-08-18 | 26.65 |
| 2026-08-17 | 26.74 |
| 2026-08-14 | 26.31 |
| 2026-08-13 | 26.68 |
| 2026-08-12 | 26.76 |
| 2026-08-11 | 26.67 |
| 2026-08-10 | 26.58 |
| 2026-08-07 | 26.40 |
| 2026-08-06 | 26.18 |
| 2026-08-05 | 27.81 |
| 2026-08-04 | 27.67 |
| 2026-08-03 | 27.23 |
| 2026-07-31 | 27.39 |
| 2026-07-30 | 27.95 |
| 2026-07-29 | 27.21 |
| 2026-07-28 | 27.83 |
| 2026-07-27 | 26.68 |
| 2026-07-24 | 26.29 |
| 2026-07-23 | 25.78 |
| 2026-07-22 | 24.93 |
| 2026-07-21 | 24.75 |
| 2026-07-20 | 24.93 |
| 2026-07-17 | 25.10 |
| 2026-07-16 | 24.97 |
| 2026-07-15 | 24.09 |
| 2026-07-14 | 24.42 |
| 2026-07-13 | 24.51 |
| 2026-07-10 | 24.52 |
| 2026-07-09 | 24.59 |
| 2026-07-08 | 24.60 |
| 2026-07-07 | 25.14 |
| 2026-07-06 | 25.19 |
| 2026-07-02 | 25.42 |
| 2026-07-01 | 25.14 |
| 2026-06-30 | 24.80 |
| 2026-06-29 | 24.76 |
| 2026-06-26 | 24.05 |
| 2026-06-25 | 23.59 |
| 2026-06-24 | 23.49 |
| 2026-06-23 | 22.90 |
| 2026-06-22 | 22.54 |
| 2026-06-18 | 22.66 |
| 2026-06-17 | 22.99 |
| 2026-06-16 | 23.45 |
| 2026-06-15 | 23.47 |
| 2026-06-12 | 23.57 |
| 2026-06-11 | 23.50 |
| 2026-06-10 | 23.79 |
| 2026-06-09 | 24.02 |
| 2026-06-08 | 23.21 |
| 2026-06-05 | 23.49 |
| 2026-06-04 | 23.12 |
| 2026-06-03 | 22.93 |
| 2026-06-02 | 22.83 |
| 2026-06-01 | 22.75 |
| 2026-05-29 | 23.03 |
| 2026-05-28 | 23.27 |
| 2026-05-27 | 22.87 |
| 2026-05-26 | 22.89 |
| 2026-05-22 | 23.02 |
| 2026-05-21 | 22.65 |
| 2026-05-20 | 22.80 |
| 2026-05-19 | 22.47 |
| 2026-05-18 | 22.64 |
| 2026-05-15 | 22.18 |
| 2026-05-14 | 22.50 |
| 2026-05-13 | 22.53 |
| 2026-05-12 | 22.79 |
| 2026-05-11 | 22.59 |
| 2026-05-08 | 22.51 |
| 2026-05-07 | 22.86 |
| 2026-05-06 | 22.76 |
| 2026-05-05 | 22.78 |
| 2026-05-04 | 24.19 |
| 2026-05-01 | 24.46 |
| 2026-04-30 | 24.55 |
| 2026-04-29 | 24.58 |
| 2026-04-28 | 24.82 |
| 2026-04-27 | 25.18 |
| 2026-04-24 | 25.22 |
| 2026-04-23 | 25.33 |
| 2026-04-22 | 26.06 |
| 2026-04-21 | 26.14 |
| 2026-04-20 | 25.74 |
| 2026-04-17 | 25.88 |
| 2026-04-16 | 25.46 |
| 2026-04-15 | 25.50 |
| 2026-04-14 | 25.70 |
| 2026-04-13 | 25.26 |
| 2026-04-10 | 24.95 |
| 2026-04-09 | 26.12 |
| 2026-04-08 | 26.26 |
| 2026-04-07 | 25.73 |
| 2026-04-06 | 26.24 |
| 2026-04-02 | 26.17 |
| 2026-04-01 | 26.07 |
| 2026-03-31 | 25.51 |
| 2026-03-30 | 25.20 |
| 2026-03-27 | 25.26 |
| 2026-03-26 | 25.66 |
| 2026-03-25 | 25.43 |
| 2026-03-24 | 25.44 |
| 2026-03-23 | 25.28 |
| 2026-03-20 | 25.14 |
| 2026-03-19 | 25.25 |
| 2026-03-18 | 25.41 |
| 2026-03-17 | 25.87 |
| 2026-03-16 | 25.51 |
| 2026-03-13 | 25.22 |
| 2026-03-12 | 25.13 |
| 2026-03-11 | 25.85 |
| 2026-03-10 | 25.69 |
| 2026-03-09 | 26.16 |
| 2026-03-06 | 25.78 |
| 2026-03-05 | 26.38 |
| 2026-03-04 | 26.85 |
| 2026-03-03 | 27.05 |
| 2026-03-02 | 27.39 |
| 2026-02-27 | 27.64 |
| 2026-02-26 | 27.50 |
| 2026-02-25 | 27.03 |
| 2026-02-24 | 28.21 |
| 2026-02-23 | 28.03 |
| 2026-02-20 | 27.77 |
| 2026-02-19 | 27.75 |
| 2026-02-18 | 27.38 |
| 2026-02-17 | 27.18 |
| 2026-02-13 | 27.76 |
| 2026-02-12 | 27.32 |
| 2026-02-11 | 28.48 |
| 2026-02-10 | 27.95 |
| 2026-02-09 | 26.92 |
| 2026-02-06 | 27.23 |
| 2026-02-05 | 27.33 |
| 2026-02-04 | 27.13 |
| 2026-02-03 | 26.74 |
| 2026-02-02 | 26.55 |
| 2026-01-30 | 26.67 |
| 2026-01-29 | 26.50 |
| 2026-01-28 | 26.33 |
| 2026-01-27 | 26.63 |
| 2026-01-26 | 26.27 |
| 2026-01-23 | 26.19 |
| 2026-01-22 | 26.52 |
| 2026-01-21 | 26.44 |
| 2026-01-20 | 26.65 |
| 2026-01-16 | 26.61 |
| 2026-01-15 | 26.41 |
| 2026-01-14 | 25.74 |
| 2026-01-13 | 24.95 |
| 2026-01-12 | 24.60 |
| 2026-01-09 | 24.74 |
| 2026-01-08 | 25.02 |
| 2026-01-07 | 24.92 |
| 2026-01-06 | 25.58 |
| 2026-01-05 | 24.87 |
| 2026-01-02 | 24.72 |
| 2025-12-31 | 24.64 |
| 2025-12-30 | 24.86 |
| 2025-12-29 | 24.85 |
| 2025-12-26 | 24.94 |
| 2025-12-24 | 25.00 |
| 2025-12-23 | 24.87 |
| 2025-12-22 | 25.06 |
| 2025-12-19 | 24.76 |
| 2025-12-18 | 24.76 |
| 2025-12-17 | 25.13 |
| 2025-12-16 | 25.35 |
| 2025-12-15 | 25.87 |
| 2025-12-12 | 25.95 |
| 2025-12-11 | 26.00 |
| 2025-12-10 | 25.74 |
| 2025-12-09 | 25.35 |
| 2025-12-08 | 25.53 |
| 2025-12-05 | 25.38 |
| 2025-12-04 | 25.69 |
| 2025-12-03 | 26.11 |
| 2025-12-02 | 26.12 |
| 2025-12-01 | 26.30 |
| 2025-11-28 | 26.40 |
| 2025-11-26 | 26.35 |
| 2025-11-25 | 26.51 |
| 2025-11-24 | 26.06 |
| 2025-11-21 | 26.09 |
| 2025-11-20 | 25.68 |
| 2025-11-19 | 25.59 |
| 2025-11-18 | 25.52 |
| 2025-11-17 | 25.67 |
| 2025-11-14 | 26.22 |
| 2025-11-13 | 26.31 |
| 2025-11-12 | 26.13 |
| 2025-11-11 | 26.35 |
| 2025-11-10 | 25.65 |
| 2025-11-07 | 24.83 |
| 2025-11-06 | 24.23 |
| 2025-11-05 | 24.63 |
| 2025-11-04 | 24.79 |
| 2025-11-03 | 25.33 |
| 2025-10-31 | 28.00 |
| 2025-10-30 | 27.82 |
| 2025-10-29 | 27.36 |
| 2025-10-28 | 28.63 |
| 2025-10-27 | 30.39 |
| 2025-10-24 | 30.81 |
| 2025-10-23 | 31.31 |
| 2025-10-22 | 31.18 |
| 2025-10-21 | 31.33 |
| 2025-10-20 | 32.08 |
| 2025-10-17 | 31.53 |
| 2025-10-16 | 31.28 |
| 2025-10-15 | 31.17 |
| 2025-10-14 | 30.85 |
| 2025-10-13 | 30.50 |
| 2025-10-10 | 30.64 |
| 2025-10-09 | 30.63 |
| 2025-10-08 | 30.60 |
| 2025-10-07 | 30.83 |
| 2025-10-06 | 30.33 |
| 2025-10-03 | 30.53 |
| 2025-10-02 | 30.81 |
| 2025-10-01 | 30.77 |
| 2025-09-30 | 31.65 |
| 2025-09-29 | 31.17 |
| 2025-09-26 | 30.94 |
| 2025-09-25 | 30.45 |
| 2025-09-24 | 30.80 |
| 2025-09-23 | 30.86 |
| 2025-09-22 | 30.75 |
| 2025-09-19 | 30.57 |
| 2025-09-18 | 30.56 |
| 2025-09-17 | 30.44 |
| 2025-09-16 | 30.22 |
| 2025-09-15 | 30.36 |
| 2025-09-12 | 30.64 |
| 2025-09-11 | 30.84 |
| 2025-09-10 | 30.09 |
| 2025-09-09 | 30.66 |
| 2025-09-08 | 30.56 |
| 2025-09-05 | 30.72 |
| 2025-09-04 | 30.35 |
| 2025-09-03 | 30.19 |
| 2025-09-02 | 30.19 |
| 2025-08-29 | 30.65 |
| 2025-08-28 | 30.35 |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.