Mesa Laboratories, Inc. (MLAB) P/E Ratio History
UndervaluedTrading at 78.6x vs 5Y avg 282.9x · 25th percentile · Below historical baseline · Data 1990–2026
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P/E Ratio Analysis
As of June 22, 2026, Mesa Laboratories, Inc. (MLAB) trades at a price-to-earnings ratio of 78.6x, with a stock price of $95.10 and trailing twelve-month earnings per share of $1.21.
The current P/E is 72% below its 5-year average of 282.9x. Over the past five years, MLAB's P/E has ranged from a low of 40.5x to a high of 1064.8x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, MLAB trades at a 171% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
The PEG ratio of 5.79 (P/E divided by 436% EPS growth) suggests the stock may be expensive 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, MLAB 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 MLAB 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.
MLAB Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MLAB P/E vs Peers
Test, Measurement and Inspection Equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $6B | 105.6 | 32.06 | -17% | |
| $7B | 153.5 | - | +287%Best | |
| $12B | 28.1 | 11.43 | -71% | |
| $8B | 10.1Lowest | - | +143% | |
| $45B | 43.0 | 3.01 | +23% | |
| $5B | 32.1 | 3.68 | -16% | |
| $4B | 25.6 | 1.55Best | +18% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MLAB Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | - | $88.42 | $1.20 | 73.7x | +26% |
| FY2026 Q3 | Dec 31 2025 | $78.50 | $0.64 | 122.7x | +110% |
| FY2024 Q3 | Dec 31 2023 | $104.77 | $0.17 | 616.3x | +957% |
| FY2024 Q1 | Jun 30 2023 | $128.50 | $0.33 | 384.6x | +560% |
| FY2023 Q4 | Mar 31 2023 | $174.73 | $0.16 | 1064.8x | +1726% |
| FY2022 Q4 | - | $254.88 | $0.35 | 728.2x | +1149% |
| FY2022 Q3 | Dec 31 2021 | $328.09 | $1.43 | 229.4x | +294% |
| FY2022 Q2 | - | $302.36 | $0.93 | 325.1x | +458% |
| FY2022 Q1 | Jun 30 2021 | $271.17 | $0.74 | 366.4x | +529% |
| FY2021 Q4 | Mar 31 2021 | $243.50 | $0.62 | 392.7x | +574% |
| FY2020 Q4 | - | $226.09 | $0.43 | 525.8x | +802% |
| FY2020 Q3 | - | $249.40 | $1.16 | 215.0x | +269% |
| FY2020 Q2 | Sep 30 2019 | $237.77 | $2.43 | 97.8x | +68% |
| FY2020 Q1 | Jun 30 2019 | $244.34 | $1.95 | 125.3x | +115% |
| FY2019 Q4 | Mar 31 2019 | $230.50 | $1.88 | 122.6x | +110% |
| FY2019 Q3 | Dec 31 2018 | $208.39 | $2.60 | 80.2x | +37% |
| FY2018 Q2 | Sep 30 2017 | $149.32 | $2.77 | 53.9x | -8% |
| FY2018 Q1 | Jun 30 2017 | $143.31 | $2.79 | 51.4x | -12% |
| FY2017 Q4 | Mar 31 2017 | $122.70 | $2.91 | 42.2x | -28% |
| FY2017 Q3 | Dec 31 2016 | $122.75 | $3.03 | 40.5x | -31% |
| FY2017 Q2 | Sep 30 2016 | $114.36 | $2.82 | 40.6x | -30% |
| FY2017 Q1 | - | $123.00 | $2.67 | 46.1x | -21% |
| FY2016 Q4 | - | $96.35 | $2.79 | 34.5x | -41% |
| FY2016 Q3 | - | $99.50 | $2.34 | 42.5x | -27% |
| FY2016 Q2 | Sep 30 2015 | $111.40 | $2.37 | 47.0x | -19% |
| FY2016 Q1 | - | $88.90 | $2.74 | 32.4x | -44% |
| FY2015 Q4 | - | $72.20 | $2.62 | 27.6x | -53% |
| FY2015 Q3 | Dec 31 2014 | $77.31 | $2.96 | 26.1x | -55% |
| FY2015 Q2 | - | $57.78 | $2.78 | 20.8x | -64% |
| FY2015 Q1 | Jun 30 2014 | $83.96 | $2.48 | 33.9x | -42% |
| FY2014 Q4 | Mar 31 2014 | $90.25 | $2.49 | 36.2x | -38% |
| FY2014 Q3 | - | $78.58 | $2.25 | 34.9x | -40% |
| FY2014 Q2 | Sep 30 2013 | $67.61 | $2.21 | 30.6x | -48% |
| FY2014 Q1 | Jun 30 2013 | $54.13 | $2.31 | 23.4x | -60% |
| FY2013 Q4 | Mar 31 2013 | $52.78 | $2.38 | 22.2x | -62% |
| FY2013 Q3 | Dec 31 2012 | $50.11 | $2.33 | 21.5x | -63% |
| FY2013 Q2 | Sep 30 2012 | $48.38 | $2.46 | 19.7x | -66% |
| FY2013 Q1 | Jun 30 2012 | $46.49 | $2.41 | 19.3x | -67% |
| FY2012 Q4 | Mar 31 2012 | $49.32 | $2.31 | 21.4x | -63% |
| FY2012 Q3 | Dec 31 2011 | $41.44 | $2.31 | 17.9x | -69% |
| FY2012 Q2 | Sep 30 2011 | $35.34 | $2.11 | 16.7x | -71% |
| FY2012 Q1 | - | $31.59 | $1.95 | 16.2x | -72% |
| FY2011 Q4 | - | $28.80 | $1.86 | 15.5x | -73% |
| FY2011 Q3 | Dec 31 2010 | $30.00 | $1.62 | 18.5x | -68% |
| FY2011 Q2 | - | $23.00 | $1.60 | 14.4x | -75% |
| FY2011 Q1 | Jun 30 2010 | $24.05 | $1.55 | 15.5x | -73% |
| FY2010 Q4 | Mar 31 2010 | $25.96 | $1.46 | 17.8x | -70% |
| FY2010 Q3 | - | $25.84 | $1.42 | 18.2x | -69% |
| FY2010 Q2 | Sep 30 2009 | $22.89 | $1.45 | 15.8x | -73% |
| FY2010 Q1 | - | $19.61 | $1.49 | 13.2x | -77% |
| FY2009 Q4 | - | $16.00 | $1.49 | 10.7x | -82% |
| FY2009 Q3 | Dec 31 2008 | $17.50 | $1.49 | 11.7x | -80% |
| FY2009 Q2 | - | $21.25 | $1.45 | 14.7x | -75% |
| FY2009 Q1 | Jun 30 2008 | $24.00 | $1.42 | 16.9x | -71% |
| FY2008 Q4 | Mar 31 2008 | $21.93 | $1.42 | 15.4x | -74% |
| FY2008 Q3 | Dec 31 2007 | $25.00 | $1.49 | 16.8x | -71% |
| FY2008 Q2 | Sep 30 2007 | $20.75 | $1.40 | 14.8x | -75% |
| FY2008 Q1 | Jun 30 2007 | $23.30 | $1.29 | 18.1x | -69% |
| FY2007 Q4 | Mar 31 2007 | $19.00 | $1.23 | 15.4x | -74% |
| FY2007 Q3 | Dec 31 2006 | $18.94 | $1.05 | 18.0x | -69% |
| FY2007 Q2 | Sep 30 2006 | $17.15 | $1.01 | 17.0x | -71% |
| FY2007 Q1 | Jun 30 2006 | $15.50 | $0.99 | 15.7x | -73% |
| FY2006 Q4 | Mar 31 2006 | $14.11 | $0.91 | 15.5x | -73% |
| FY2006 Q3 | Dec 31 2005 | $14.95 | $0.83 | 18.0x | -69% |
| FY2006 Q2 | Sep 30 2005 | $12.75 | $0.80 | 15.9x | -73% |
| FY2006 Q1 | - | $13.93 | $0.71 | 19.6x | -66% |
| FY2005 Q4 | - | $13.75 | $0.74 | 18.6x | -68% |
| FY2005 Q3 | Dec 31 2004 | $12.78 | $0.74 | 17.3x | -70% |
| FY2005 Q2 | - | $11.77 | $0.72 | 16.3x | -72% |
| FY2005 Q1 | Jun 30 2004 | $9.86 | $0.72 | 13.7x | -77% |
| FY2004 Q4 | Mar 31 2004 | $9.55 | $0.69 | 13.8x | -76% |
| FY2004 Q3 | Dec 31 2003 | $9.96 | $0.66 | 15.1x | -74% |
| FY2004 Q2 | - | $9.01 | $0.67 | 13.4x | -77% |
| FY2004 Q1 | Jun 30 2003 | $7.01 | $0.70 | 10.0x | -83% |
| FY2003 Q4 | Mar 31 2003 | $6.15 | $0.65 | 9.5x | -84% |
| FY2003 Q3 | - | $6.62 | $0.62 | 10.7x | -82% |
| FY2003 Q2 | Sep 30 2002 | $6.45 | $0.59 | 10.9x | -81% |
| FY2003 Q1 | Jun 30 2002 | $6.04 | $0.58 | 10.4x | -82% |
| FY2002 Q4 | Mar 31 2002 | $7.70 | $0.59 | 13.1x | -78% |
| FY2002 Q3 | Dec 31 2001 | $6.01 | $0.57 | 10.5x | -82% |
| FY2002 Q2 | Sep 30 2001 | $4.80 | $0.56 | 8.6x | -85% |
| FY2002 Q1 | Jun 30 2001 | $4.80 | $0.51 | 9.4x | -84% |
| FY2001 Q4 | Mar 31 2001 | $5.00 | $0.51 | 9.8x | -83% |
| FY2001 Q3 | Dec 31 2000 | $6.00 | $0.59 | 10.2x | -83% |
| FY2001 Q2 | Sep 30 2000 | $5.50 | $0.60 | 9.2x | -84% |
| FY2001 Q1 | Jun 30 2000 | $5.50 | $0.57 | 9.6x | -83% |
| FY2000 Q4 | Mar 31 2000 | $4.31 | $0.55 | 7.8x | -87% |
| FY2000 Q3 | Dec 31 1999 | $3.81 | $0.50 | 7.6x | -87% |
| FY2000 Q2 | - | $4.38 | $0.49 | 8.9x | -85% |
| FY2000 Q1 | Jun 30 1999 | $5.00 | $0.51 | 9.8x | -83% |
| FY1999 Q4 | Mar 31 1999 | $5.00 | $0.50 | 10.0x | -83% |
| FY1999 Q3 | - | $4.38 | $0.52 | 8.4x | -86% |
| FY1999 Q2 | Sep 30 1998 | $4.25 | $0.50 | 8.5x | -85% |
| FY1999 Q1 | - | $5.13 | $0.49 | 10.5x | -82% |
| FY1998 Q4 | - | $5.81 | $0.49 | 11.9x | -80% |
| FY1998 Q3 | Dec 31 1997 | $6.75 | $0.46 | 14.7x | -75% |
| FY1998 Q2 | - | $6.56 | $0.46 | 14.3x | -76% |
| FY1998 Q1 | Jun 30 1997 | $6.00 | $0.42 | 14.3x | -75% |
| FY1997 Q4 | Mar 31 1997 | $5.00 | $0.40 | 12.5x | -79% |
| FY1997 Q3 | - | $5.38 | $0.40 | 13.4x | -77% |
| FY1997 Q2 | Sep 30 1996 | $6.63 | $0.40 | 16.6x | -72% |
| FY1997 Q1 | Jun 30 1996 | $8.63 | $0.40 | 21.6x | -63% |
| FY1996 Q4 | Mar 31 1996 | $7.25 | $0.39 | 18.6x | -68% |
| FY1996 Q3 | Dec 31 1995 | $4.63 | $0.37 | 12.5x | -79% |
| FY1996 Q2 | Sep 30 1995 | $4.00 | $0.34 | 11.8x | -80% |
| FY1996 Q1 | Jun 30 1995 | $3.50 | $0.33 | 10.6x | -82% |
| FY1995 Q4 | Mar 31 1995 | $2.63 | $0.31 | 8.5x | -85% |
| FY1995 Q3 | Dec 31 1994 | $2.38 | $0.27 | 8.8x | -85% |
| FY1995 Q2 | Sep 30 1994 | $2.75 | $0.26 | 10.6x | -82% |
| FY1995 Q1 | - | $3.00 | $0.25 | 12.0x | -79% |
| FY1994 Q4 | - | $3.00 | $0.25 | 12.0x | -79% |
| FY1994 Q3 | Dec 31 1993 | $3.00 | $0.24 | 12.5x | -79% |
| FY1994 Q2 | - | $2.38 | $0.23 | 10.3x | -82% |
| FY1994 Q1 | Jun 30 1993 | $2.75 | $0.21 | 13.1x | -78% |
| FY1993 Q4 | Mar 31 1993 | $2.63 | $0.21 | 12.5x | -79% |
| FY1993 Q3 | - | $3.06 | $0.21 | 14.6x | -75% |
| FY1993 Q2 | Sep 30 1992 | $2.81 | $0.21 | 13.4x | -77% |
| FY1993 Q1 | - | $2.81 | $0.20 | 14.1x | -76% |
| FY1992 Q4 | - | $3.38 | $0.19 | 17.8x | -69% |
| FY1992 Q3 | - | $3.63 | $0.23 | 15.8x | -73% |
| FY1992 Q2 | Sep 30 1991 | $3.25 | $0.22 | 14.8x | -75% |
| FY1992 Q1 | Jun 30 1991 | $4.19 | $0.22 | 19.0x | -67% |
| FY1991 Q4 | Mar 31 1991 | $2.19 | $0.21 | 10.4x | -82% |
| FY1991 Q3 | Dec 31 1990 | $0.75 | $0.17 | 4.4x | -92% |
| FY1991 Q2 | Sep 30 1990 | $1.00 | $0.15 | 6.7x | -89% |
| FY1991 Q1 | Jun 30 1990 | $1.38 | $0.14 | 9.9x | -83% |
| FY1990 Q4 | Mar 31 1990 | $0.63 | $0.11 | 5.7x | -90% |
Average P/E for displayed period: 58.3x
Intrinsic Valuation
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Historical Returns
36+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MLAB — Frequently Asked Questions
Quick answers to the most common questions about buying MLAB stock.
What is MLAB's P/E ratio?
Mesa Laboratories, Inc. (MLAB) trailing twelve-month P/E ratio is 78.6x, based on TTM diluted EPS of $1.21. The 5-year average P/E is 282.9x and the historical range spans 40.5x to 1064.8x.
Is MLAB stock overvalued or undervalued?
MLAB trades at 78.6x P/E, below its 5-year average of 282.9x. At the 25th percentile of its historical range (40.5x–1064.8x), the stock is priced at a discount to its own history.
Is MLAB stock expensive?
No, MLAB is not expensive on a historical basis. The current P/E of 78.6x is below the 5-year average of 282.9x and sits at the 25th percentile of its valuation range.
What is MLAB's historical P/E range?
Over the past 5 years, MLAB's P/E ratio has ranged from 40.5x to 1064.8x, with a median of 215.0x and an average of 282.9x. The current P/E of 78.6x places the stock at the 25th percentile of this range. Full historical data spans 1990–2026.
How does MLAB's P/E compare to the S&P 500?
MLAB trades at 78.6x P/E versus the S&P 500 median of 24.4x. The 222% premium to the market typically reflects higher expected earnings growth or quality.
How does MLAB's valuation compare to Technology peers?
Mesa Laboratories, Inc. P/E of 78.6x compares to the Technology sector median of 29.0x. 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 MLAB's PEG ratio?
MLAB PEG ratio is 5.79, based on a P/E of 78.6x and EPS growth of 436.1%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is MLAB's earnings yield?
MLAB earnings yield is 1.27%, the inverse of its 78.6x 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.