Materion Corporation (MTRN) P/E Ratio History
UndervaluedTrading at 38.2x vs 5Y avg 62.1x · 65th percentile · Below historical baseline · Data 1990–2026
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P/E Ratio Analysis
As of November 8, 2026, Materion Corporation (MTRN) trades at a price-to-earnings ratio of 38.2x, with a stock price of $186.11 and trailing twelve-month earnings per share of $4.87.
The current P/E is 38% below its 5-year average of 62.1x. Over the past five years, MTRN's P/E has ranged from a low of 20.0x to a high of 341.0x, placing the current valuation at the 65th percentile of its historical range.
Compared to the Technology sector median P/E of 24.9x, MTRN trades at a 54% premium to its sector peers. The sector includes 329 companies with P/E ratios ranging from 0.0x to 185.0x.
The PEG ratio of 1.04 (P/E divided by 1179% EPS growth) suggests a fair valuation 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, MTRN commands a significant premium over 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 MTRN 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.
MTRN Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MTRN P/E vs Peers
Fab Materials and Subsystems peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 5.3Lowest | - | +419%Best | |
| $2B | 8.3 | 0.27Best | +136% | |
| $14B | 24.4 | - | +42% | |
| $24B | 43.8 | - | +12% | |
| $8B | 37.3 | 1.74 | -22% | |
| $10B | 11.4 | 0.29 | +50% | |
| $1B | 13.2 | - | +325% | |
| $23B | 26.9 | 3.46 | +32% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MTRN 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 Q3 | Oct 02 2026 | $312.16 | $4.88 | 64.0x | +74% |
| FY2026 Q2 | Jul 03 2026 | $265.43 | $4.29 | 61.9x | +68% |
| FY2026 Q1 | Apr 03 2026 | $149.12 | $3.66 | 40.7x | +11% |
| FY2025 Q4 | Dec 31 2025 | $124.32 | $3.59 | 34.6x | -6% |
| FY2025 Q3 | Sep 26 2025 | $119.43 | $0.95 | 125.7x | +242% |
| FY2025 Q2 | Jun 27 2025 | $80.76 | $0.80 | 101.0x | +175% |
| FY2025 Q1 | Mar 28 2025 | $83.41 | $0.50 | 166.8x | +354% |
| FY2024 Q4 | - | $98.88 | $0.29 | 341.0x | +828% |
| FY2024 Q3 | Sep 27 2024 | $112.43 | $3.55 | 31.7x | -14% |
| FY2024 Q2 | Jun 28 2024 | $108.13 | $3.75 | 28.8x | -22% |
| FY2024 Q1 | Mar 29 2024 | $131.75 | $3.99 | 33.0x | -10% |
| FY2023 Q4 | Dec 31 2023 | $130.13 | $4.58 | 28.4x | -23% |
| FY2023 Q3 | Sep 29 2023 | $101.91 | $5.03 | 20.3x | -45% |
| FY2023 Q2 | Jun 30 2023 | $114.20 | $4.72 | 24.2x | -34% |
| FY2023 Q1 | Mar 31 2023 | $116.00 | $4.69 | 24.7x | -33% |
| FY2022 Q4 | Dec 31 2022 | $87.51 | $4.14 | 21.1x | -42% |
| FY2022 Q3 | Sep 30 2022 | $80.00 | $3.71 | 21.6x | -41% |
| FY2022 Q2 | Jul 01 2022 | $72.52 | $3.63 | 20.0x | -46% |
| FY2022 Q1 | Apr 01 2022 | $87.47 | $3.38 | 25.9x | -30% |
| FY2021 Q4 | Dec 31 2021 | $91.94 | $3.51 | 26.2x | -29% |
| FY2021 Q3 | Oct 01 2021 | $69.65 | $2.95 | 23.6x | -36% |
| FY2021 Q2 | Jul 02 2021 | $76.18 | $2.34 | 32.6x | -11% |
| FY2021 Q1 | Apr 02 2021 | $67.72 | $1.75 | 38.7x | +5% |
| FY2020 Q4 | - | $63.72 | $0.75 | 85.0x | +131% |
| FY2020 Q3 | Sep 25 2020 | $51.68 | $1.07 | 48.3x | +31% |
| FY2020 Q2 | Jun 26 2020 | $58.53 | $0.97 | 60.4x | +64% |
| FY2020 Q1 | Mar 27 2020 | $35.23 | $1.44 | 24.5x | -33% |
| FY2019 Q4 | - | $59.45 | $2.45 | 24.3x | -34% |
| FY2019 Q3 | Sep 27 2019 | $61.69 | $0.71 | 86.9x | +136% |
| FY2019 Q2 | Jun 28 2019 | $67.81 | $1.51 | 44.9x | +22% |
| FY2019 Q1 | Mar 29 2019 | $57.06 | $1.30 | 43.9x | +19% |
| FY2018 Q4 | Dec 31 2018 | $44.99 | $0.99 | 45.4x | +24% |
| FY2018 Q3 | Sep 28 2018 | $60.50 | $1.61 | 37.6x | +2% |
| FY2018 Q2 | Jun 29 2018 | $54.15 | $1.10 | 49.2x | +34% |
| FY2018 Q1 | Mar 30 2018 | $51.05 | $0.92 | 55.5x | +51% |
| FY2017 Q4 | Dec 31 2017 | $48.60 | $0.56 | 86.8x | +136% |
| FY2017 Q3 | Sep 30 2017 | $43.15 | $1.30 | 33.2x | -10% |
| FY2017 Q2 | Jun 30 2017 | $37.40 | $1.24 | 30.2x | -18% |
| FY2017 Q1 | Mar 31 2017 | $33.55 | $1.15 | 29.2x | -21% |
| FY2016 Q4 | Dec 31 2016 | $39.60 | $1.27 | 31.2x | -15% |
| FY2016 Q3 | Sep 30 2016 | $30.71 | $1.27 | 24.2x | -34% |
| FY2016 Q2 | Jul 01 2016 | $25.62 | $1.21 | 21.2x | -42% |
| FY2016 Q1 | Apr 01 2016 | $26.29 | $1.38 | 19.1x | -48% |
| FY2015 Q4 | - | $28.00 | $1.58 | 17.7x | -52% |
| FY2015 Q3 | Oct 02 2015 | $30.93 | $1.83 | 16.9x | -54% |
| FY2015 Q2 | Jul 03 2015 | $34.41 | $2.09 | 16.5x | -55% |
| FY2015 Q1 | - | $38.43 | $2.12 | 18.1x | -51% |
| FY2014 Q4 | Dec 31 2014 | $35.23 | $2.00 | 17.6x | -52% |
| FY2014 Q3 | Sep 26 2014 | $31.63 | $1.60 | 19.8x | -46% |
| FY2014 Q2 | Jun 27 2014 | $36.45 | $1.24 | 29.4x | -20% |
| FY2014 Q1 | Mar 28 2014 | $33.39 | $1.20 | 27.8x | -24% |
| FY2013 Q4 | - | $30.85 | $1.18 | 26.1x | -29% |
| FY2013 Q3 | Sep 27 2013 | $32.64 | $1.12 | 29.1x | -21% |
| FY2013 Q2 | Jun 28 2013 | $27.09 | $1.27 | 21.3x | -42% |
| FY2013 Q1 | Mar 29 2013 | $28.50 | $1.22 | 23.4x | -36% |
| FY2012 Q4 | Dec 31 2012 | $25.78 | $1.19 | 21.7x | -41% |
| FY2012 Q3 | Sep 28 2012 | $23.80 | $1.11 | 21.4x | -42% |
| FY2012 Q2 | Jun 29 2012 | $23.03 | $1.37 | 16.8x | -54% |
| FY2012 Q1 | Mar 30 2012 | $28.73 | $1.66 | 17.3x | -53% |
| FY2011 Q4 | Dec 31 2011 | $24.28 | $1.93 | 12.6x | -66% |
| FY2011 Q3 | Sep 30 2011 | $22.68 | $2.49 | 9.1x | -75% |
| FY2011 Q2 | Jul 01 2011 | $37.18 | $2.49 | 14.9x | -59% |
| FY2011 Q1 | Apr 01 2011 | $40.82 | $2.49 | 16.4x | -55% |
| FY2010 Q4 | Dec 31 2010 | $38.64 | $2.25 | 17.2x | -53% |
| FY2010 Q3 | Oct 01 2010 | $28.83 | $1.47 | 19.6x | -47% |
| FY2010 Q2 | Jul 02 2010 | $19.03 | $0.83 | 22.9x | -38% |
| FY2010 Q1 | Apr 02 2010 | $22.71 | $0.12 | 187.5x | +410% |
| FY2009 Q1 | Apr 03 2009 | $14.06 | $0.27 | 52.1x | +42% |
| FY2008 Q4 | Dec 31 2008 | $12.72 | $0.89 | 14.3x | -61% |
| FY2008 Q3 | Sep 26 2008 | $19.76 | $1.65 | 12.0x | -67% |
| FY2008 Q2 | Jun 27 2008 | $25.57 | $1.65 | 15.5x | -58% |
| FY2008 Q1 | Mar 28 2008 | $26.51 | $1.68 | 15.8x | -57% |
| FY2007 Q4 | Dec 31 2007 | $37.02 | $2.58 | 14.3x | -61% |
| FY2007 Q3 | Sep 28 2007 | $51.89 | $3.47 | 15.0x | -59% |
| FY2007 Q2 | Jun 29 2007 | $41.99 | $3.34 | 12.6x | -66% |
| FY2007 Q1 | Mar 30 2007 | $48.47 | $3.31 | 14.6x | -60% |
| FY2006 Q4 | Dec 31 2006 | $33.77 | $2.46 | 13.7x | -63% |
| FY2006 Q3 | Sep 29 2006 | $24.87 | $1.18 | 21.1x | -43% |
| FY2006 Q2 | Jun 30 2006 | $20.85 | $1.03 | 20.2x | -45% |
| FY2006 Q1 | Mar 31 2006 | $19.75 | $0.97 | 20.4x | -45% |
| FY2005 Q4 | Dec 31 2005 | $15.90 | $0.92 | 17.3x | -53% |
| FY2005 Q3 | Sep 30 2005 | $15.88 | $0.79 | 20.1x | -45% |
| FY2005 Q2 | Jul 01 2005 | $14.38 | $0.77 | 18.7x | -49% |
| FY2005 Q1 | Apr 01 2005 | $19.02 | $0.86 | 22.1x | -40% |
| FY2004 Q4 | Dec 31 2004 | $18.50 | $0.86 | 21.5x | -41% |
| FY2004 Q3 | Oct 01 2004 | $20.90 | $0.35 | 59.7x | +62% |
| FY2001 Q3 | Sep 28 2001 | $13.75 | $0.22 | 62.5x | +70% |
| FY2001 Q2 | Jun 29 2001 | $16.00 | $0.94 | 17.0x | -54% |
| FY2001 Q1 | Mar 30 2001 | $18.65 | $1.10 | 17.0x | -54% |
| FY2000 Q4 | Dec 31 2000 | $20.19 | $0.87 | 23.2x | -37% |
| FY2000 Q3 | Sep 29 2000 | $21.63 | $0.71 | 30.5x | -17% |
| FY2000 Q2 | Jun 30 2000 | $15.63 | $0.43 | 36.3x | -1% |
| FY2000 Q1 | Mar 31 2000 | $17.63 | $0.39 | 45.2x | +23% |
| FY1999 Q4 | Dec 31 1999 | $16.81 | $0.40 | 42.0x | +14% |
| FY1999 Q3 | - | $14.69 | $0.30 | 48.8x | +33% |
| FY1999 Q2 | Jun 30 1999 | $18.13 | $0.34 | 53.1x | +45% |
| FY1998 Q3 | Sep 30 1998 | $13.88 | $0.04 | 347.0x | +844% |
| FY1998 Q2 | - | $20.56 | $0.27 | 76.1x | +107% |
| FY1998 Q1 | - | $28.50 | $1.53 | 18.6x | -49% |
| FY1997 Q4 | Dec 31 1997 | $24.50 | $1.56 | 15.7x | -57% |
| FY1997 Q3 | - | $25.69 | $1.51 | 17.0x | -54% |
| FY1997 Q2 | Jun 30 1997 | $20.94 | $1.56 | 13.4x | -63% |
| FY1997 Q1 | Mar 31 1997 | $18.13 | $1.61 | 11.3x | -69% |
| FY1996 Q4 | - | $16.38 | $1.53 | 10.7x | -71% |
| FY1996 Q3 | Sep 30 1996 | $19.25 | $1.37 | 14.1x | -62% |
| FY1996 Q2 | Jun 30 1996 | $19.00 | $1.28 | 14.8x | -60% |
| FY1996 Q1 | Mar 31 1996 | $17.88 | $1.17 | 15.3x | -58% |
| FY1995 Q4 | Dec 31 1995 | $17.25 | $1.27 | 13.6x | -63% |
| FY1995 Q3 | Sep 30 1995 | $18.50 | $1.31 | 14.1x | -62% |
| FY1995 Q2 | Jun 30 1995 | $21.38 | $1.26 | 17.0x | -54% |
| FY1995 Q1 | Mar 31 1995 | $17.63 | $1.22 | 14.5x | -61% |
| FY1994 Q4 | Dec 31 1994 | $17.38 | $1.15 | 15.1x | -59% |
| FY1994 Q3 | Sep 30 1994 | $16.00 | $1.08 | 14.8x | -60% |
| FY1994 Q2 | - | $15.88 | $1.03 | 15.4x | -58% |
| FY1994 Q1 | - | $15.50 | $0.68 | 22.8x | -38% |
| FY1993 Q4 | Dec 31 1993 | $14.25 | $0.40 | 35.6x | -3% |
| FY1993 Q3 | - | $12.00 | $0.31 | 38.7x | +5% |
| FY1993 Q2 | Jun 30 1993 | $12.13 | $0.28 | 43.3x | +18% |
| FY1993 Q1 | Mar 31 1993 | $13.50 | $0.46 | 29.3x | -20% |
| FY1992 Q4 | - | $15.38 | $0.65 | 23.7x | -36% |
| FY1991 Q3 | Sep 30 1991 | $14.88 | $0.49 | 30.4x | -17% |
| FY1991 Q2 | Jun 30 1991 | $17.75 | $0.75 | 23.7x | -36% |
| FY1991 Q1 | Mar 31 1991 | $16.13 | $1.01 | 16.0x | -57% |
| FY1990 Q4 | Dec 31 1990 | $14.00 | $1.08 | 13.0x | -65% |
| FY1990 Q3 | Sep 30 1990 | $14.25 | $0.54 | 26.4x | -28% |
| FY1990 Q2 | Jun 30 1990 | $24.88 | $0.70 | 35.5x | -3% |
Average P/E for displayed period: 36.8x
MTRN Chart Terminal
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Historical Returns
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Peer Comparison
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MTRN — Frequently Asked Questions
Quick answers to the most common questions about buying MTRN stock.
What is MTRN's P/E ratio?
Materion Corporation (MTRN) trailing twelve-month P/E ratio is 38.2x, based on TTM diluted EPS of $4.87. The 5-year average P/E is 62.1x and the historical range spans 20.0x to 341.0x.
Is MTRN stock overvalued or undervalued?
MTRN trades at 38.2x P/E, below its 5-year average of 62.1x. At the 65th percentile of its historical range (20.0x–341.0x), the stock is priced at a discount to its own history.
Is MTRN stock expensive?
No, MTRN is not expensive on a historical basis. The current P/E of 38.2x is below the 5-year average of 62.1x and sits at the 65th percentile of its valuation range.
What is MTRN's historical P/E range?
Over the past 5 years, MTRN's P/E ratio has ranged from 20.0x to 341.0x, with a median of 31.7x and an average of 62.1x. The current P/E of 38.2x places the stock at the 65th percentile of this range. Full historical data spans 1990–2026.
How does MTRN's P/E compare to the S&P 500?
MTRN trades at 38.2x P/E versus the S&P 500 median of 21.8x. The 75% premium to the market typically reflects higher expected earnings growth or quality.
How does MTRN's valuation compare to Technology peers?
Materion Corporation P/E of 38.2x compares to the Technology sector median of 24.9x. 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 MTRN's PEG ratio?
MTRN PEG ratio is 1.04, based on a P/E of 38.2x and EPS growth of 1178.6%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is MTRN's earnings yield?
MTRN earnings yield is 2.62%, the inverse of its 38.2x 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.