Alcon Inc.ALC

Where ALC's P/E ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$66.55-1.88 (-2.75%)Previous close
NYSEHealthcare

ALC P/E ratio: current value, 10-year range and year-by-year history

51.2Above average

ALC's p/e ratio is higher than 65% of the last 10 years.

P/E ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
ALC P/E ratio historyALC P/E ratio from Sep 2023 to Sep 2026: low 34.07, high 115.6, latest 51.19.27.5451.1974.8398.48122.12Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 41

ALC P/E ratio by year

Yearly range of ALC’s p/e ratio from 2019 to 2026. Over the full period it ranged from -95.3 to 235.8, averaging 34.4.

ALC P/E ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202637.245.258.051.2
202534.139.747.240.0
202435.740.445.241.4
202377.3103.6120.386.8
202249.177.2114.059.6
2021-95.346.4235.8114.0
2020-60.5-44.1-29.7-60.5
2019-83.3-52.1-36.6-42.2

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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.

FormulaPrice / Earnings Per Share
Full guide
How to read this chart

The chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.

Key caveats
  • Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
  • A falling P/E trend may signal a business in structural decline, not a buying opportunity.

Is ALC P/E ratio High or Low Right Now?

Alcon Inc.'s P/E ratio is currently 51.2, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for ALC is approximately 41.1. See all ALC valuation metrics →

Pro — up to 30-year history

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