Core & Main, Inc. (CNM) P/E Ratio History
UndervaluedTrading at 21.0x vs 5Y avg 28.6x · 30th percentile · Below historical baseline · Data 2021–2026
Loading P/E history...
P/E Ratio Analysis
As of June 22, 2026, Core & Main, Inc. (CNM) trades at a price-to-earnings ratio of 21.0x, with a stock price of $48.58 and trailing twelve-month earnings per share of $2.29.
The current P/E is 26% below its 5-year average of 28.6x. Over the past five years, CNM's P/E has ranged from a low of 11.7x to a high of 126.9x, placing the current valuation at the 30th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.5x, CNM trades at a 18% discount to its sector peers. The sector includes 404 companies with P/E ratios ranging from 0.1x to 198.8x.
The PEG ratio of 0.29 (P/E divided by 8% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, CNM trades roughly in line with the S&P 500 median P/E of 24.4x. 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 CNM 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.
CNM Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
CNM P/E vs Peers
Electrical and Utility Products Distribution peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 32.7 | 7.88 | +24% | |
| $6B | 22.5 | 0.92 | +7% | |
| $9B | 20.7Lowest | 2.62 | -57% | |
| $7B | 33.2 | - | -22% | |
| $53B | 42.1 | 5.42 | +9% | |
| $16B | 32.7 | 2.77 | -8% | |
| $12B | 33.4 | 0.45Best | +3% | |
| $18B | 28.0 | 0.52 | +0% | |
| $4B | 21.4 | 0.97 | +65%Best | |
| $11B | 34.0 | 1.65 | -2% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
CNM Historical P/E Data (2021–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | May 03 2026 | $49.02 | $2.35 | 20.9x | -27% |
| FY2025 Q4 | Feb 01 2026 | $53.36 | $2.30 | 23.2x | -19% |
| FY2025 Q3 | Nov 02 2025 | $52.18 | $2.28 | 22.9x | -20% |
| FY2025 Q2 | Aug 03 2025 | $62.68 | $2.25 | 27.9x | -3% |
| FY2025 Q1 | May 04 2025 | $53.88 | $2.14 | 25.2x | -12% |
| FY2024 Q4 | Jan 31 2025 | $56.44 | $2.11 | 26.7x | -6% |
| FY2024 Q3 | Oct 27 2024 | $45.20 | $2.10 | 21.5x | -25% |
| FY2024 Q2 | Jul 28 2024 | $53.53 | $2.06 | 26.0x | -9% |
| FY2024 Q1 | Apr 28 2024 | $57.32 | $1.95 | 29.4x | +3% |
| FY2023 Q4 | Jan 31 2024 | $41.31 | $1.96 | 21.1x | -26% |
| FY2023 Q3 | Oct 29 2023 | $29.43 | $1.29 | 22.8x | -20% |
| FY2023 Q2 | Jul 30 2023 | $32.33 | $1.29 | 25.1x | -12% |
| FY2023 Q1 | Apr 30 2023 | $26.06 | $1.48 | 17.6x | -38% |
| FY2022 Q4 | - | $22.07 | $1.48 | 14.9x | -48% |
| FY2022 Q3 | Oct 30 2022 | $23.56 | $2.01 | 11.7x | -59% |
| FY2022 Q2 | Jul 31 2022 | $24.14 | $1.75 | 13.8x | -52% |
| FY2022 Q1 | May 01 2022 | $23.76 | $1.19 | 20.0x | -30% |
| FY2021 Q4 | Jan 31 2022 | $24.05 | $0.80 | 30.1x | +5% |
| FY2021 Q3 | Oct 31 2021 | $27.36 | $0.62 | 44.2x | +55% |
| FY2021 Q2 | Aug 01 2021 | $26.50 | $0.21 | 126.9x | +344% |
Average P/E for displayed period: 28.6x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
CNM — Frequently Asked Questions
Quick answers to the most common questions about buying CNM stock.
What is CNM's P/E ratio?
Core & Main, Inc. (CNM) trailing twelve-month P/E ratio is 21.0x, based on TTM diluted EPS of $2.29. The 5-year average P/E is 28.6x and the historical range spans 11.7x to 126.9x.
Is CNM stock overvalued or undervalued?
CNM trades at 21.0x P/E, below its 5-year average of 28.6x. At the 30th percentile of its historical range (11.7x–126.9x), the stock is priced at a discount to its own history.
Is CNM stock expensive?
No, CNM is not expensive on a historical basis. The current P/E of 21.0x is below the 5-year average of 28.6x and sits at the 30th percentile of its valuation range.
What is CNM's historical P/E range?
Over the past 5 years, CNM's P/E ratio has ranged from 11.7x to 126.9x, with a median of 23.2x and an average of 28.6x. The current P/E of 21.0x places the stock at the 30th percentile of this range. Full historical data spans 2021–2026.
How does CNM's P/E compare to the S&P 500?
CNM trades at 21.0x P/E versus the S&P 500 median of 24.4x. The 14% discount to the market suggests lower growth expectations or perceived higher risk.
How does CNM's valuation compare to Industrials peers?
Core & Main, Inc. P/E of 21.0x compares to the Industrials sector median of 25.5x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is CNM's PEG ratio?
CNM PEG ratio is 0.29, based on a P/E of 21.0x and EPS growth of 8.5%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is CNM's earnings yield?
CNM earnings yield is 4.75%, the inverse of its 21.0x 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.