The Macerich Company (MAC) P/E Ratio History
Historical price-to-earnings valuation from 1995 to 2024
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MAC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, The Macerich Company (MAC) trades at a price-to-earnings ratio of -28.9x, with a stock price of $22.23 and trailing twelve-month earnings per share of $-0.77.
The current P/E is 141% below its 5-year average of 71.0x. Over the past five years, MAC's P/E has ranged from a low of 8.3x to a high of 343.6x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.3x, MAC trades at a 219% discount to its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.1x to 195.0x.
Relative to the broader market, MAC trades at a notable discount to the S&P 500 median P/E of 25.2x. 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 MAC 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.
MAC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $67B | 14.5 | 0.46 | +95% | |
| $1B | 10.2 | - | +132% | |
| $16B | 28.7 | - | +51% | |
| $14B | 28.0 | 0.46 | +34% | |
| $3B | 233.3 | - | -50% | |
| $43B | 37.7 | 3.24 | +23% | |
| $15B | 19.8 | 1.22 | +45% | |
| $16B | 11.6 | 0.22Best | +1427% | |
| $152B | 155.7 | - | -11% | |
| $6B | 7.5Lowest | - | +10400%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MAC Historical P/E Data (1995–2024)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $18.24 | $0.36 | 50.7x | +6% |
| FY2022 Q2 | $8.71 | $0.18 | 48.4x | +2% | |
| FY2022 Q1 | $15.64 | $0.19 | 82.3x | +73% | |
| FY2020 Q2 | $8.97 | $0.39 | 23.0x | -52% | |
| FY2020 Q1 | $5.63 | $0.68 | 8.3x | -83% | |
| FY2019 Q4 | $26.92 | $0.69 | 39.3x | -18% | |
| FY2019 Q3 | Mon Sep 30 2019 00:00:00 GM | $31.59 | $0.58 | 54.6x | +15% |
| FY2019 Q2 | Sun Jun 30 2019 00:00:00 GM | $33.49 | $0.77 | 43.6x | -9% |
| FY2019 Q1 | Sun Mar 31 2019 00:00:00 GM | $43.35 | $0.71 | 60.7x | +27% |
| FY2018 Q4 | Mon Dec 31 2018 00:00:00 GM | $43.28 | $0.42 | 103.4x | +117% |
| FY2018 Q3 | Sun Sep 30 2018 00:00:00 GM | $55.29 | $0.57 | 97.8x | +105% |
| FY2018 Q2 | Sat Jun 30 2018 00:00:00 GM | $56.83 | $0.17 | 343.6x | +621% |
Average P/E for displayed period: 47.6x
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Start ComparisonMAC — Frequently Asked Questions
Quick answers to the most common questions about buying MAC stock.
Is MAC stock overvalued or undervalued?
MAC trades at -28.9x P/E, below its 5-year average of 71.0x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MAC's valuation compare to peers?
The Macerich Company P/E of -28.9x compares to sector median of 24.3x. The discount suggests lower growth expectations or higher risk.
What is MAC's PEG ratio?
MAC PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1995-2024.