Callaway Golf Company (CALY) P/E Ratio History
UndervaluedTrading at 20.8x vs 5Y avg 38.8x · 30th percentile · Below historical baseline · Data 1992–2026
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P/E Ratio Analysis
As of November 8, 2026, Callaway Golf Company (CALY) trades at a price-to-earnings ratio of 20.8x, with a stock price of $16.83 and trailing twelve-month earnings per share of $0.81.
The current P/E is 46% below its 5-year average of 38.8x. Over the past five years, CALY's P/E has ranged from a low of 11.3x to a high of 160.7x, placing the current valuation at the 30th percentile of its historical range.
Relative to the broader market, CALY trades roughly in line with the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CALY DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CALY Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
CALY P/E vs Peers
Closest public peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 21.8 | 1.13 | -8% | |
| $12B | 15.1Lowest | 1.29 | -29% | |
| $3B | 68.9 | - | +354%Best | |
| $5B | 19.5 | - | +31% | |
| $57B | 18.5 | - | -3% | |
| $6B | 15.2 | 1.42 | -5% | |
| $10B | 23.2 | 1.45 | -6% | |
| $37B | 20.5 | 0.71Best | -2% | |
| $17B | 42.8 | 0.85 | +5% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
CALY Historical P/E Data (1992–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $14.09 | $0.78 | 18.1x | -40% |
| FY2026 Q2 | - | $18.79 | $0.45 | 41.8x | +39% |
| FY2026 Q1 | - | $13.88 | $0.14 | 99.1x | +229% |
| FY2024 Q2 | Jun 30 2024 | $15.30 | $0.10 | 160.7x | +433% |
| FY2024 Q1 | Mar 31 2024 | $16.17 | $0.36 | 45.5x | +51% |
| FY2023 Q4 | Dec 31 2023 | $14.34 | $0.44 | 32.6x | +8% |
| FY2023 Q3 | Sep 30 2023 | $13.84 | $0.47 | 29.4x | -2% |
| FY2023 Q2 | Jun 30 2023 | $19.85 | $0.50 | 39.7x | +32% |
| FY2023 Q1 | Mar 31 2023 | $21.62 | $0.45 | 48.0x | +59% |
| FY2022 Q4 | Dec 31 2022 | $19.75 | $0.76 | 26.0x | -14% |
| FY2022 Q3 | Sep 30 2022 | $19.26 | $1.01 | 19.1x | -37% |
| FY2022 Q2 | - | $20.40 | $0.73 | 27.8x | -8% |
| FY2022 Q1 | - | $23.42 | $0.67 | 34.7x | +15% |
| FY2021 Q4 | Dec 31 2021 | $27.44 | $2.43 | 11.3x | -63% |
| FY2021 Q3 | - | $27.63 | $2.14 | 12.9x | -57% |
| FY2021 Q2 | Jun 30 2021 | $33.73 | $2.77 | 12.2x | -60% |
| FY2021 Q1 | Mar 31 2021 | $26.75 | $0.52 | 51.4x | +71% |
| FY2020 Q1 | - | $10.22 | $0.61 | 16.8x | -44% |
| FY2019 Q4 | - | $21.20 | $0.81 | 26.2x | -13% |
| FY2019 Q3 | Sep 30 2019 | $19.41 | $0.82 | 23.7x | -21% |
| FY2019 Q2 | Jun 30 2019 | $17.16 | $0.60 | 28.7x | -5% |
| FY2019 Q1 | Mar 31 2019 | $15.93 | $0.93 | 17.2x | -43% |
| FY2018 Q4 | Dec 31 2018 | $15.30 | $1.08 | 14.2x | -53% |
| FY2018 Q3 | Sep 30 2018 | $24.29 | $1.18 | 20.6x | -32% |
| FY2018 Q2 | Jun 30 2018 | $18.97 | $1.11 | 17.1x | -43% |
| FY2018 Q1 | Mar 31 2018 | $16.36 | $0.81 | 20.2x | -33% |
| FY2017 Q4 | Dec 31 2017 | $13.93 | $0.43 | 32.3x | +7% |
| FY2017 Q3 | Sep 30 2017 | $14.43 | $1.91 | 7.5x | -75% |
| FY2017 Q2 | Jun 30 2017 | $12.78 | $1.82 | 7.0x | -77% |
| FY2017 Q1 | Mar 31 2017 | $11.07 | $1.85 | 6.0x | -80% |
| FY2016 Q4 | Dec 31 2016 | $10.96 | $1.98 | 5.5x | -82% |
| FY2016 Q3 | Sep 30 2016 | $11.61 | $0.37 | 31.6x | +5% |
| FY2016 Q2 | - | $10.21 | $0.39 | 26.4x | -12% |
| FY2016 Q1 | - | $9.12 | $0.17 | 54.6x | +81% |
| FY2015 Q4 | - | $9.42 | $0.15 | 64.1x | +113% |
| FY2014 Q4 | Dec 31 2014 | $7.70 | $0.08 | 98.3x | +226% |
| FY2009 Q2 | - | $5.07 | $0.04 | 124.9x | +314% |
| FY2009 Q1 | - | $7.18 | $0.52 | 13.8x | -54% |
| FY2008 Q4 | Dec 31 2008 | $9.29 | $1.02 | 9.1x | -70% |
| FY2008 Q3 | - | $14.07 | $0.83 | 17.0x | -44% |
| FY2008 Q2 | Jun 30 2008 | $11.83 | $0.97 | 12.2x | -59% |
| FY2008 Q1 | Mar 31 2008 | $14.68 | $0.92 | 16.0x | -47% |
| FY2007 Q4 | Dec 31 2007 | $17.43 | $0.79 | 22.1x | -27% |
| FY2007 Q3 | Sep 30 2007 | $16.01 | $0.88 | 18.2x | -40% |
| FY2007 Q2 | Jun 30 2007 | $17.81 | $0.68 | 26.2x | -13% |
| FY2007 Q1 | Mar 31 2007 | $15.76 | $0.48 | 32.8x | +9% |
| FY2006 Q4 | Dec 31 2006 | $14.41 | $0.33 | 43.7x | +45% |
| FY2006 Q3 | Sep 30 2006 | $13.11 | $0.21 | 62.4x | +107% |
| FY2006 Q2 | Jun 30 2006 | $12.99 | $0.32 | 40.6x | +35% |
| FY2006 Q1 | Mar 31 2006 | $17.20 | $0.26 | 66.1x | +119% |
| FY2005 Q4 | Dec 31 2005 | $13.84 | $0.20 | 69.1x | +129% |
| FY2005 Q3 | Sep 30 2005 | $15.09 | $0.05 | 300.6x | +898% |
| FY2004 Q2 | Jun 30 2004 | $11.34 | $0.32 | 34.9x | +16% |
| FY2004 Q1 | Mar 31 2004 | $18.98 | $0.64 | 29.4x | -2% |
| FY2003 Q4 | Dec 31 2003 | $16.85 | $0.69 | 24.2x | -20% |
| FY2003 Q3 | - | $14.27 | $1.11 | 12.8x | -57% |
| FY2003 Q2 | Jun 30 2003 | $13.22 | $1.19 | 11.1x | -63% |
| FY2003 Q1 | Mar 31 2003 | $11.88 | $1.22 | 9.8x | -68% |
| FY2002 Q4 | - | $13.25 | $1.03 | 12.9x | -57% |
| FY2002 Q3 | Sep 30 2002 | $10.40 | $0.98 | 10.6x | -65% |
| FY2002 Q2 | Jun 30 2002 | $15.84 | $0.96 | 16.5x | -45% |
| FY2002 Q1 | Mar 31 2002 | $19.25 | $0.77 | 25.0x | -17% |
| FY2001 Q4 | Dec 31 2001 | $19.15 | $0.79 | 24.2x | -20% |
| FY2001 Q3 | Sep 30 2001 | $12.80 | $0.93 | 13.8x | -54% |
| FY2001 Q2 | Jun 30 2001 | $15.80 | $1.12 | 14.1x | -53% |
| FY2001 Q1 | Mar 31 2001 | $22.21 | $1.38 | 16.1x | -46% |
| FY2000 Q4 | Dec 31 2000 | $18.63 | $1.13 | 16.5x | -45% |
| FY2000 Q3 | Sep 30 2000 | $15.38 | $1.12 | 13.7x | -54% |
| FY2000 Q2 | Jun 30 2000 | $16.30 | $1.09 | 14.9x | -50% |
| FY2000 Q1 | Mar 31 2000 | $15.50 | $0.82 | 18.9x | -37% |
| FY1999 Q4 | Dec 31 1999 | $17.69 | $0.78 | 22.6x | -25% |
| FY1998 Q3 | Sep 30 1998 | $10.56 | $0.88 | 12.0x | -60% |
| FY1998 Q2 | - | $19.69 | $1.32 | 14.9x | -51% |
| FY1998 Q1 | - | $29.00 | $1.68 | 17.3x | -43% |
| FY1997 Q4 | Dec 31 1997 | $28.56 | $1.86 | 15.4x | -49% |
| FY1997 Q3 | - | $34.88 | $1.88 | 18.6x | -38% |
| FY1997 Q2 | Jun 30 1997 | $35.50 | $1.90 | 18.7x | -38% |
| FY1997 Q1 | Mar 31 1997 | $28.63 | $1.79 | 16.0x | -47% |
| FY1996 Q4 | - | $28.75 | $1.73 | 16.6x | -45% |
| FY1996 Q3 | Sep 30 1996 | $34.13 | $1.70 | 20.1x | -33% |
| FY1996 Q2 | Jun 30 1996 | $33.25 | $1.60 | 20.8x | -31% |
| FY1996 Q1 | Mar 31 1996 | $26.75 | $1.44 | 18.6x | -38% |
| FY1995 Q4 | Dec 31 1995 | $22.63 | $1.39 | 16.3x | -46% |
| FY1995 Q3 | Sep 30 1995 | $15.50 | $1.35 | 11.5x | -62% |
| FY1995 Q2 | Jun 30 1995 | $15.00 | $1.28 | 11.7x | -61% |
| FY1995 Q1 | Mar 31 1995 | $14.00 | $1.21 | 11.6x | -62% |
| FY1994 Q4 | Dec 31 1994 | $16.56 | $1.14 | 14.5x | -52% |
| FY1994 Q3 | Sep 30 1994 | $17.19 | $1.00 | 17.2x | -43% |
| FY1994 Q2 | - | $19.50 | $0.82 | 23.8x | -21% |
| FY1994 Q1 | - | $16.31 | $0.68 | 24.0x | -20% |
| FY1993 Q4 | Dec 31 1993 | $13.34 | $0.65 | 20.5x | -32% |
| FY1993 Q3 | - | $14.75 | $0.59 | 24.9x | -17% |
| FY1993 Q2 | Jun 30 1993 | $10.50 | $0.49 | 21.2x | -30% |
| FY1993 Q1 | Mar 31 1993 | $7.88 | $0.42 | 18.5x | -39% |
| FY1992 Q4 | - | $4.34 | $0.35 | 12.6x | -58% |
Average P/E for displayed period: 30.1x
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CALY — Frequently Asked Questions
Quick answers to the most common questions about buying CALY stock.
What is CALY's P/E ratio?
Callaway Golf Company (CALY) trailing twelve-month P/E ratio is 20.8x, based on TTM diluted EPS of $0.81. The 5-year average P/E is 38.8x and the historical range spans 11.3x to 160.7x.
Is CALY stock overvalued or undervalued?
CALY trades at 20.8x P/E, below its 5-year average of 38.8x. At the 30th percentile of its historical range (11.3x–160.7x), the stock is priced at a discount to its own history.
Is CALY stock expensive?
No, CALY is not expensive on a historical basis. The current P/E of 20.8x is below the 5-year average of 38.8x and sits at the 30th percentile of its valuation range.
What is CALY's historical P/E range?
Over the past 5 years, CALY's P/E ratio has ranged from 11.3x to 160.7x, with a median of 29.4x and an average of 38.8x. The current P/E of 20.8x places the stock at the 30th percentile of this range. Full historical data spans 1992–2026.
How does CALY's P/E compare to the S&P 500?
CALY trades at 20.8x P/E versus the S&P 500 median of 21.8x. The 5% discount to the market suggests lower growth expectations or perceived higher risk.
How does CALY's valuation compare to sector peers?
Callaway Golf Company P/E of 20.8x can be benchmarked against sector peers in the comparison table on this page.
What is CALY's PEG ratio?
CALY PEG ratio is N/A, based on a P/E of 20.8x and EPS growth of 102.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is CALY's earnings yield?
CALY earnings yield is 4.80%, the inverse of its 20.8x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.