CarMax, Inc. (KMX) P/E Ratio History
ExpensiveTrading at 31.9x vs 5Y avg 22.3x · 100th percentile · Material premium to history · Data 2001–2027
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P/E Ratio Analysis
As of June 22, 2026, CarMax, Inc. (KMX) trades at a price-to-earnings ratio of 31.9x, with a stock price of $53.66 and trailing twelve-month earnings per share of $1.57.
The current P/E is 44% above its 5-year average of 22.3x. Over the past five years, KMX's P/E has ranged from a low of 12.8x to a high of 31.8x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, KMX trades at a 51% premium to its sector peers. The sector includes 307 companies with P/E ratios ranging from 0.1x to 184.9x.
Relative to the broader market, KMX commands a significant premium over 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 KMX 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.
KMX Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
KMX P/E vs Peers
Specialty Vehicle Dealers and Finance peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $6B | 11.1 | 0.35Best | +1% | |
| $12B | 12.4 | 0.78 | -2% | |
| $7B | 9.1 | 0.86 | +9% | |
| $3B | 23.6 | - | -45% | |
| $4B | 7.8Lowest | 0.57 | +17% | |
| $4B | 12.5 | 1.23 | -32% | |
| $72B | 39.4 | - | +431%Best | |
| $3B | 16.7 | - | +264% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
KMX Historical P/E Data (2001–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q1 | May 31 2026 | $44.62 | $1.61 | 27.7x | +24% |
| FY2026 Q4 | Feb 28 2026 | $43.17 | $1.68 | 25.7x | +15% |
| FY2026 Q3 | Nov 30 2025 | $38.66 | $3.03 | 12.8x | -43% |
| FY2026 Q2 | Aug 31 2025 | $61.35 | $3.41 | 18.0x | -19% |
| FY2026 Q1 | May 31 2025 | $64.46 | $3.62 | 17.8x | -20% |
| FY2025 Q4 | Feb 28 2025 | $82.97 | $3.21 | 25.8x | +16% |
| FY2025 Q3 | Nov 30 2024 | $83.97 | $2.95 | 28.5x | +28% |
| FY2025 Q2 | Aug 31 2024 | $84.55 | $2.66 | 31.8x | +43% |
| FY2025 Q1 | May 31 2024 | $70.26 | $2.56 | 27.4x | +23% |
| FY2024 Q4 | - | $79.00 | $3.03 | 26.1x | +17% |
| FY2024 Q3 | - | $63.94 | $3.15 | 20.3x | -9% |
| FY2024 Q2 | - | $81.68 | $2.87 | 28.5x | +28% |
| FY2024 Q1 | May 31 2023 | $72.21 | $2.91 | 24.8x | +11% |
| FY2023 Q4 | - | $69.04 | $3.03 | 22.8x | +2% |
| FY2023 Q3 | Nov 30 2022 | $69.36 | $3.57 | 19.4x | -13% |
| FY2023 Q2 | Aug 31 2022 | $88.44 | $4.96 | 17.8x | -20% |
| FY2023 Q1 | - | $99.27 | $5.89 | 16.9x | -24% |
| FY2022 Q4 | Feb 28 2022 | $109.33 | $6.96 | 15.7x | -30% |
| FY2022 Q3 | - | $141.25 | $7.25 | 19.5x | -13% |
| FY2022 Q2 | - | $125.21 | $7.04 | 17.8x | -20% |
| FY2022 Q1 | May 31 2021 | $115.19 | $7.11 | 16.2x | -27% |
| FY2021 Q4 | Feb 28 2021 | $119.51 | $4.51 | 26.5x | +19% |
| FY2021 Q3 | Nov 30 2020 | $93.48 | $4.54 | 20.6x | -8% |
| FY2021 Q2 | Aug 31 2020 | $106.93 | $4.16 | 25.7x | +15% |
| FY2021 Q1 | May 31 2020 | $88.05 | $3.77 | 23.4x | +5% |
| FY2020 Q4 | Feb 29 2020 | $87.31 | $5.33 | 16.4x | -27% |
| FY2020 Q3 | Nov 30 2019 | $97.26 | $5.16 | 18.8x | -15% |
| FY2020 Q2 | Aug 31 2019 | $83.28 | $5.21 | 16.0x | -28% |
| FY2020 Q1 | May 31 2019 | $78.28 | $5.05 | 15.5x | -30% |
| FY2019 Q4 | - | $62.10 | $4.79 | 13.0x | -42% |
| FY2019 Q3 | Nov 30 2018 | $66.07 | $4.33 | 15.3x | -32% |
| FY2019 Q2 | Aug 31 2018 | $78.05 | $4.05 | 19.3x | -14% |
| FY2019 Q1 | - | $68.92 | $3.79 | 18.2x | -18% |
| FY2018 Q4 | Feb 28 2018 | $61.92 | $3.59 | 17.2x | -23% |
| FY2018 Q3 | - | $68.91 | $3.73 | 18.5x | -17% |
| FY2018 Q2 | - | $67.15 | $3.64 | 18.4x | -17% |
| FY2018 Q1 | May 31 2017 | $62.83 | $3.50 | 18.0x | -19% |
| FY2017 Q4 | - | $64.54 | $3.27 | 19.7x | -11% |
| FY2017 Q3 | Nov 30 2016 | $57.79 | $3.17 | 18.2x | -18% |
| FY2017 Q2 | Aug 31 2016 | $58.95 | $3.08 | 19.1x | -14% |
| FY2017 Q1 | - | $53.66 | $3.06 | 17.5x | -21% |
| FY2016 Q4 | Feb 29 2016 | $46.26 | $3.02 | 15.3x | -31% |
| FY2016 Q3 | Nov 30 2015 | $57.30 | $2.98 | 19.2x | -14% |
| FY2016 Q2 | Aug 31 2015 | $61.00 | $2.95 | 20.7x | -7% |
| FY2016 Q1 | May 31 2015 | $71.04 | $2.83 | 25.1x | +13% |
| FY2015 Q4 | Feb 28 2015 | $67.11 | $2.73 | 24.6x | +10% |
| FY2015 Q3 | Nov 30 2014 | $56.98 | $2.50 | 22.8x | +2% |
| FY2015 Q2 | Aug 31 2014 | $52.40 | $2.37 | 22.1x | -1% |
| FY2015 Q1 | May 31 2014 | $44.31 | $2.29 | 19.3x | -13% |
| FY2014 Q4 | Feb 28 2014 | $48.43 | $2.17 | 22.3x | +0% |
| FY2014 Q3 | Nov 30 2013 | $50.35 | $2.19 | 23.0x | +3% |
| FY2014 Q2 | Aug 31 2013 | $47.56 | $2.13 | 22.3x | +0% |
| FY2014 Q1 | May 31 2013 | $46.77 | $1.99 | 23.5x | +5% |
| FY2013 Q4 | - | $38.41 | $1.87 | 20.5x | -8% |
| FY2013 Q3 | Nov 30 2012 | $36.26 | $1.82 | 19.9x | -11% |
| FY2013 Q2 | Aug 31 2012 | $30.59 | $1.77 | 17.3x | -22% |
| FY2013 Q1 | - | $28.21 | $1.77 | 15.9x | -29% |
| FY2012 Q4 | Feb 29 2012 | $30.69 | $1.79 | 17.1x | -23% |
| FY2012 Q3 | Nov 30 2011 | $28.76 | $1.78 | 16.2x | -28% |
| FY2012 Q2 | Aug 31 2011 | $28.11 | $1.78 | 15.8x | -29% |
| FY2012 Q1 | - | $29.66 | $1.78 | 16.7x | -25% |
| FY2011 Q4 | Feb 28 2011 | $35.37 | $1.68 | 21.1x | -6% |
| FY2011 Q3 | Dec 27 2010 | $32.17 | $1.62 | 19.9x | -11% |
| FY2011 Q2 | Sep 10 2010 | $22.39 | $1.59 | 14.1x | -37% |
| FY2011 Q1 | May 31 2010 | $21.73 | $1.57 | 13.8x | -38% |
| FY2010 Q4 | Feb 28 2010 | $20.19 | $1.26 | 16.0x | -28% |
| FY2010 Q3 | Nov 30 2009 | $19.88 | $1.09 | 18.2x | -18% |
| FY2010 Q2 | Aug 31 2009 | $17.31 | $0.66 | 26.2x | +18% |
| FY2010 Q1 | May 31 2009 | $11.21 | $0.26 | 43.1x | +93% |
| FY2009 Q4 | - | $12.23 | $0.26 | 47.0x | +111% |
| FY2009 Q3 | Nov 30 2008 | $7.61 | $0.19 | 40.1x | +80% |
| FY2009 Q2 | Aug 31 2008 | $14.80 | $0.43 | 34.4x | +54% |
| FY2009 Q1 | May 31 2008 | $19.66 | $0.66 | 29.8x | +34% |
| FY2008 Q4 | Feb 29 2008 | $18.36 | $0.83 | 22.1x | -1% |
| FY2008 Q3 | Nov 30 2007 | $22.87 | $0.93 | 24.6x | +10% |
| FY2008 Q2 | Aug 31 2007 | $22.66 | $1.00 | 22.7x | +2% |
| FY2008 Q1 | - | $24.00 | $0.96 | 25.0x | +12% |
| FY2007 Q4 | Feb 28 2007 | $26.35 | $0.93 | 28.3x | +27% |
| FY2007 Q3 | - | $23.07 | $0.92 | 25.1x | +12% |
| FY2007 Q2 | - | $18.84 | $0.82 | 23.0x | +3% |
| FY2007 Q1 | May 31 2006 | $15.90 | $0.75 | 21.2x | -5% |
| FY2006 Q4 | - | $15.71 | $0.66 | 23.8x | +7% |
| FY2006 Q3 | Nov 30 2005 | $13.71 | $0.61 | 22.5x | +1% |
| FY2006 Q2 | Aug 31 2005 | $15.93 | $0.58 | 27.2x | +22% |
| FY2006 Q1 | - | $12.77 | $0.55 | 23.4x | +5% |
| FY2005 Q4 | Feb 28 2005 | $16.50 | $0.54 | 30.8x | +38% |
| FY2005 Q3 | - | $13.93 | $0.51 | 27.6x | +24% |
| FY2005 Q2 | Oct 08 2004 | $11.29 | $0.51 | 22.1x | -1% |
| FY2005 Q1 | May 31 2004 | $11.44 | $0.56 | 20.4x | -8% |
| FY2004 Q4 | Feb 29 2004 | $17.00 | $0.56 | 30.4x | +36% |
| FY2004 Q3 | Nov 30 2003 | $16.46 | $0.54 | 30.3x | +36% |
| FY2004 Q2 | Sep 15 2003 | $17.48 | $0.52 | 33.4x | +50% |
| FY2004 Q1 | May 31 2003 | $11.63 | $0.48 | 24.1x | +8% |
| FY2003 Q4 | Feb 28 2003 | $7.53 | $0.45 | 16.6x | -25% |
| FY2003 Q3 | Nov 30 2002 | $9.85 | $0.45 | 22.0x | -1% |
| FY2003 Q2 | Aug 31 2002 | $8.07 | $0.47 | 17.3x | -23% |
| FY2003 Q1 | May 31 2002 | $13.23 | $0.45 | 29.5x | +32% |
| FY2002 Q4 | - | $13.37 | $0.44 | 30.5x | +37% |
| FY2002 Q3 | Nov 30 2001 | $9.97 | $0.50 | 19.9x | -11% |
| FY2002 Q2 | Aug 31 2001 | $7.10 | $0.45 | 16.0x | -28% |
| FY2002 Q1 | - | $7.43 | $0.39 | 19.1x | -15% |
| FY2001 Q4 | Feb 28 2001 | $2.58 | $0.33 | 7.9x | -64% |
| FY2001 Q3 | - | $2.00 | $0.14 | 14.3x | -36% |
| FY2001 Q2 | - | $2.34 | $0.04 | 57.2x | +156% |
Average P/E for displayed period: 22.3x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
25+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
KMX — Frequently Asked Questions
Quick answers to the most common questions about buying KMX stock.
What is KMX's P/E ratio?
CarMax, Inc. (KMX) trailing twelve-month P/E ratio is 31.9x, based on TTM diluted EPS of $1.57. The 5-year average P/E is 22.3x and the historical range spans 12.8x to 31.8x.
Is KMX stock overvalued or undervalued?
KMX trades at 31.9x P/E, above its 5-year average of 22.3x. The 100th percentile ranking within the 12.8x–31.8x historical range indicates a premium to historical valuation.
Is KMX stock expensive?
Yes, KMX is expensive relative to its own history. The current P/E of 31.9x is above the 5-year average of 22.3x and also above the Consumer Cyclical sector median of 21.2x. The stock sits at the 100th percentile of its 5-year valuation range.
What is KMX's historical P/E range?
Over the past 5 years, KMX's P/E ratio has ranged from 12.8x to 31.8x, with a median of 22.8x and an average of 22.3x. The current P/E of 31.9x places the stock at the 100th percentile of this range. Full historical data spans 2001–2027.
How does KMX's P/E compare to the S&P 500?
KMX trades at 31.9x P/E versus the S&P 500 median of 24.4x. The 31% premium to the market typically reflects higher expected earnings growth or quality.
How does KMX's valuation compare to Consumer Cyclical peers?
CarMax, Inc. P/E of 31.9x compares to the Consumer Cyclical sector median of 21.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is KMX's PEG ratio?
KMX PEG ratio is N/A, based on a P/E of 31.9x and EPS growth of -47.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is KMX's earnings yield?
KMX earnings yield is 3.13%, the inverse of its 31.9x 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.