MCK P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
MCK's p/e ratio is right around its 10-year median of 20.7.
P/E ratio History
MCK P/E ratio by year
Yearly range of MCK’s p/e ratio from 2016 to 2026. Over the full period it ranged from -102.5 to 2,248.8, averaging 83.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 18.9 | 23.0 | 28.6 | 23.6 |
| 2025 | 23.0 | 27.2 | 30.6 | 23.6 |
| 2024 | 21.4 | 25.5 | 32.6 | 26.1 |
| 2023 | 14.1 | 16.4 | 18.6 | 18.3 |
| 2022 | 24.1 | 34.5 | 46.7 | 26.6 |
| 2021 | -8.3 | -6.8 | 28.0 | 28.0 |
| 2020 | -35.0 | 9.8 | 32.1 | -6.5 |
| 2019 | -102.5 | 498.7 | 2,248.8 | -28.3 |
| 2018 | -83.1 | 197.7 | 687.5 | -83.1 |
| 2017 | 5.8 | 9.4 | 18.1 | 7.4 |
| 2016 | 14.9 | 17.6 | 20.0 | 16.9 |
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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.
Price / Earnings Per ShareThe 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.
- 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 MCK P/E ratio High or Low Right Now?
McKesson Corporation's P/E ratio is currently 23.6, which is around average relative to its 10-year historical range. The 10-year median P/E ratio for MCK is approximately 20.7. See all MCK valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.