Price to Earnings (P/E)
since 2005
Calculation
McDonald’s Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2024 | 25.23 | = | 295.92 | ÷ | 11.73 | 11.73 | = | 8,468,800 | ÷ | 722,051,488 | |
| Feb 24, 2023 | 31.22 | = | 263.68 | ÷ | 8.44 | 8.44 | = | 6,177,400 | ÷ | 731,496,951 | |
| Feb 24, 2022 | 24.15 | = | 245.03 | ÷ | 10.15 | 10.15 | = | 7,545,200 | ÷ | 743,584,718 | |
| Feb 23, 2021 | 33.31 | = | 211.32 | ÷ | 6.34 | 6.34 | = | 4,730,500 | ÷ | 745,572,145 | |
| Feb 26, 2020 | 25.99 | = | 210.10 | ÷ | 8.08 | 8.08 | = | 6,025,400 | ÷ | 745,446,655 | |
| Feb 22, 2019 | 23.66 | = | 183.17 | ÷ | 7.74 | 7.74 | = | 5,924,300 | ÷ | 765,317,332 | |
| Feb 23, 2018 | 24.95 | = | 163.06 | ÷ | 6.54 | 6.54 | = | 5,192,300 | ÷ | 794,497,880 | |
| Mar 1, 2017 | 22.55 | = | 129.05 | ÷ | 5.72 | 5.72 | = | 4,686,500 | ÷ | 818,993,182 | |
| Feb 25, 2016 | 23.56 | = | 118.37 | ÷ | 5.02 | 5.02 | = | 4,529,300 | ÷ | 901,607,888 | |
| Feb 24, 2015 | 19.19 | = | 94.98 | ÷ | 4.95 | 4.95 | = | 4,757,800 | ÷ | 961,118,669 | |
| Feb 24, 2014 | 17.10 | = | 96.50 | ÷ | 5.64 | 5.64 | = | 5,585,900 | ÷ | 989,881,374 | |
| Feb 25, 2013 | 17.64 | = | 96.14 | ÷ | 5.45 | 5.45 | = | 5,464,800 | ÷ | 1,002,791,769 | |
| Feb 24, 2012 | 18.57 | = | 100.32 | ÷ | 5.40 | 5.40 | = | 5,503,100 | ÷ | 1,018,555,678 | |
| Feb 25, 2011 | 15.70 | = | 74.44 | ÷ | 4.74 | 4.74 | = | 4,946,300 | ÷ | 1,043,298,941 | |
| Feb 26, 2010 | 15.10 | = | 63.85 | ÷ | 4.23 | 4.23 | = | 4,551,000 | ÷ | 1,075,960,799 | |
| Feb 25, 2009 | 14.02 | = | 54.29 | ÷ | 3.87 | 3.87 | = | 4,313,200 | ÷ | 1,113,621,747 | |
| Feb 25, 2008 | 26.95 | = | 56.05 | ÷ | 2.08 | 2.08 | = | 2,395,100 | ÷ | 1,151,643,390 | |
| Feb 26, 2007 | 15.55 | = | 45.80 | ÷ | 2.94 | 2.94 | = | 3,544,200 | ÷ | 1,203,480,015 | |
| Feb 27, 2006 | 17.02 | = | 35.25 | ÷ | 2.07 | 2.07 | = | 2,602,200 | ÷ | 1,256,645,011 |
Based on: 10-K (reporting date: 2023-12-31), 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 McDonald’s Corp. Annual Report.
Comparison to Competitors
McDonald’s Corp., P/E, long-term trends, comparison to competitors
| McDonald’s Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | Starbucks Corp. | |
|---|---|---|---|---|---|
| Feb 22, 2024 | 25.23 | 20.59 | 31.09 | 58.48 | 29.09 |
| Feb 24, 2023 | 31.22 | 44.53 | 29.87 | 49.37 | 34.26 |
| Feb 24, 2022 | 24.15 | — | 86.68 | 67.03 | 30.95 |
| Feb 23, 2021 | 33.31 | — | 1,696.44 | 122.18 | 118.26 |
| Feb 26, 2020 | 25.99 | — | 14.16 | 67.72 | 27.63 |
| Feb 22, 2019 | 23.66 | — | 21.46 | 91.33 | 18.71 |
| Feb 23, 2018 | 24.95 | — | 38.61 | 42.15 | 28.08 |
| Mar 1, 2017 | 22.55 | — | 37.59 | 499.87 | 28.81 |
| Feb 25, 2016 | 23.56 | — | 24.03 | 29.06 | 32.88 |
| Feb 24, 2015 | 19.19 | — | 26.12 | 47.09 | 28.27 |
| Feb 24, 2014 | 17.10 | — | 35.35 | 51.40 | 7,312.64 |
| Feb 25, 2013 | 17.64 | — | 24.45 | 35.78 | 26.20 |
| Feb 24, 2012 | 18.57 | — | 27.89 | 54.76 | 25.14 |
| Feb 25, 2011 | 15.70 | — | 42.86 | 46.04 | 24.20 |
| Feb 26, 2010 | 15.10 | — | 21.47 | 26.12 | 40.57 |
| Feb 25, 2009 | 14.02 | — | 17.74 | 21.96 | 19.66 |
| Feb 25, 2008 | 26.95 | — | 28.12 | 48.84 | 25.02 |
| Feb 26, 2007 | 15.55 | — | 27.54 | 50.83 | 48.96 |
| Feb 27, 2006 | 17.02 | — | 4.89 | 46.61 | 48.21 |
Based on: 10-K (reporting date: 2023-12-31), 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 (Consumer Services)
McDonald’s Corp., P/E, long-term trends, comparison to sector (consumer services)
| McDonald’s Corp. | Consumer Services | |
|---|---|---|
| Feb 22, 2024 | 25.23 | 27.84 |
| Feb 24, 2023 | 31.22 | 34.32 |
| Feb 24, 2022 | 24.15 | 42.14 |
| Feb 23, 2021 | 33.31 | 360.30 |
| Feb 26, 2020 | 25.99 | 23.50 |
| Feb 22, 2019 | 23.66 | 22.35 |
| Feb 23, 2018 | 24.95 | 29.11 |
| Mar 1, 2017 | 22.55 | 28.83 |
| Feb 25, 2016 | 23.56 | 26.42 |
| Feb 24, 2015 | 19.19 | 24.14 |
| Feb 24, 2014 | 17.10 | 30.71 |
| Feb 25, 2013 | 17.64 | 20.75 |
| Feb 24, 2012 | 18.57 | 21.79 |
| Feb 25, 2011 | 15.70 | 19.91 |
| Feb 26, 2010 | 15.10 | 17.70 |
| Feb 25, 2009 | 14.02 | 14.65 |
| Feb 25, 2008 | 26.95 | 27.08 |
| Feb 26, 2007 | 15.55 | 20.57 |
| Feb 27, 2006 | 17.02 | 21.30 |
Based on: 10-K (reporting date: 2023-12-31), 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 (Consumer Discretionary)
McDonald’s Corp., P/E, long-term trends, comparison to industry (consumer discretionary)
| McDonald’s Corp. | Consumer Discretionary | |
|---|---|---|
| Feb 22, 2024 | 25.23 | 33.07 |
| Feb 24, 2023 | 31.22 | 44.76 |
| Feb 24, 2022 | 24.15 | 38.75 |
| Feb 23, 2021 | 33.31 | 72.10 |
| Feb 26, 2020 | 25.99 | 39.37 |
| Feb 22, 2019 | 23.66 | 33.13 |
| Feb 23, 2018 | 24.95 | 47.03 |
| Mar 1, 2017 | 22.55 | 29.19 |
| Feb 25, 2016 | 23.56 | 24.70 |
| Feb 24, 2015 | 19.19 | 29.48 |
| Feb 24, 2014 | 17.10 | 26.50 |
| Feb 25, 2013 | 17.64 | 20.90 |
| Feb 24, 2012 | 18.57 | 11.38 |
| Feb 25, 2011 | 15.70 | 17.54 |
| Feb 26, 2010 | 15.10 | 18.66 |
| Feb 25, 2009 | 14.02 | 303.41 |
| Feb 25, 2008 | 26.95 | 24.33 |
| Feb 26, 2007 | 15.55 | 117.34 |
| Feb 27, 2006 | 17.02 | 17.54 |
Based on: 10-K (reporting date: 2023-12-31), 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).