Mueller Water Products, Inc. (MWA) P/E Ratio History
UndervaluedTrading at 21.4x vs 5Y avg 25.7x · 30th percentile · Below historical baseline · Data 2007–2026
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P/E Ratio Analysis
As of June 21, 2026, Mueller Water Products, Inc. (MWA) trades at a price-to-earnings ratio of 21.4x, with a stock price of $26.13 and trailing twelve-month earnings per share of $1.32.
The current P/E is 17% below its 5-year average of 25.7x. Over the past five years, MWA's P/E has ranged from a low of 18.9x to a high of 33.8x, placing the current valuation at the 30th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, MWA trades at a 16% discount to its sector peers. The sector includes 403 companies with P/E ratios ranging from 0.1x to 198.8x.
The PEG ratio of 0.97 (P/E divided by 65% 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, MWA 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 MWA 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.
MWA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MWA P/E vs Peers
Flow control and water equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 17.7 | 4.90 | +36% | |
| $24B | 21.9 | 2.78 | +6% | |
| $5B | 32.1 | 3.68 | -16% | |
| $4B | 83.6 | 4.69 | -74% | |
| $11B | 34.0 | 1.65 | -2% | |
| $29B | 41.1 | - | +119%Best | |
| $5B | 20.2 | 1.10Best | +52% | |
| $4B | 12.4Lowest | - | +26% | |
| $3B | 22.9 | 2.99 | +6% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MWA Historical P/E Data (2007–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $27.49 | $1.31 | 21.0x | -26% |
| FY2026 Q1 | Dec 31 2025 | $23.82 | $1.26 | 18.9x | -33% |
| FY2025 Q4 | - | $25.52 | $1.21 | 21.1x | -25% |
| FY2025 Q3 | Jun 30 2025 | $24.04 | $0.94 | 25.5x | -10% |
| FY2025 Q2 | Mar 31 2025 | $25.42 | $0.91 | 27.8x | -2% |
| FY2025 Q1 | - | $22.50 | $0.86 | 26.1x | -8% |
| FY2024 Q4 | Sep 30 2024 | $21.70 | $0.73 | 29.5x | +4% |
| FY2024 Q3 | Jun 30 2024 | $17.92 | $0.78 | 22.9x | -19% |
| FY2024 Q2 | Mar 31 2024 | $16.09 | $0.64 | 25.1x | -11% |
| FY2024 Q1 | Dec 31 2023 | $14.40 | $0.50 | 28.7x | +2% |
| FY2023 Q4 | Sep 30 2023 | $12.68 | $0.55 | 23.1x | -18% |
| FY2023 Q3 | Jun 30 2023 | $16.23 | $0.49 | 33.1x | +17% |
| FY2023 Q2 | Mar 31 2023 | $13.94 | $0.50 | 27.9x | -1% |
| FY2023 Q1 | Dec 31 2022 | $10.76 | $0.51 | 21.1x | -25% |
| FY2022 Q4 | Sep 30 2022 | $10.27 | $0.49 | 21.0x | -26% |
| FY2022 Q3 | - | $11.73 | $0.56 | 20.9x | -26% |
| FY2022 Q2 | - | $12.92 | $0.48 | 26.9x | -5% |
| FY2022 Q1 | Dec 31 2021 | $14.40 | $0.46 | 31.3x | +11% |
| FY2021 Q4 | - | $15.22 | $0.45 | 33.8x | +19% |
| FY2021 Q3 | Jun 30 2021 | $14.42 | $0.50 | 28.8x | +2% |
| FY2021 Q2 | Mar 31 2021 | $13.89 | $0.48 | 28.9x | +2% |
| FY2021 Q1 | - | $12.38 | $0.50 | 24.7x | -13% |
| FY2020 Q4 | Sep 30 2020 | $10.39 | $0.46 | 22.8x | -19% |
| FY2020 Q3 | - | $9.43 | $0.54 | 17.6x | -38% |
| FY2020 Q2 | - | $8.01 | $0.67 | 11.9x | -58% |
| FY2020 Q1 | - | $11.98 | $0.59 | 20.2x | -29% |
| FY2019 Q4 | Sep 30 2019 | $11.24 | $0.40 | 28.2x | -0% |
| FY2019 Q3 | Jun 30 2019 | $9.82 | $0.31 | 31.8x | +13% |
| FY2019 Q2 | Mar 31 2019 | $10.04 | $0.19 | 51.6x | +82% |
| FY2019 Q1 | Dec 31 2018 | $9.10 | $0.19 | 47.9x | +69% |
| FY2018 Q4 | Sep 30 2018 | $11.51 | $0.66 | 17.4x | -38% |
| FY2018 Q3 | Jun 30 2018 | $11.72 | $0.62 | 18.9x | -33% |
| FY2018 Q2 | Mar 31 2018 | $10.87 | $0.67 | 16.1x | -43% |
| FY2018 Q1 | Dec 31 2017 | $12.53 | $1.06 | 11.8x | -58% |
| FY2017 Q4 | Sep 30 2017 | $12.80 | $0.76 | 16.8x | -40% |
| FY2017 Q3 | Jun 30 2017 | $11.68 | $0.80 | 14.6x | -48% |
| FY2017 Q2 | Mar 31 2017 | $11.82 | $0.75 | 15.9x | -44% |
| FY2017 Q1 | Dec 31 2016 | $13.31 | $0.39 | 34.0x | +20% |
| FY2016 Q4 | Sep 30 2016 | $12.55 | $0.39 | 32.3x | +14% |
| FY2016 Q3 | - | $11.42 | $0.37 | 30.9x | +9% |
| FY2016 Q2 | - | $9.88 | $0.37 | 26.4x | -7% |
| FY2016 Q1 | - | $8.60 | $0.35 | 24.3x | -14% |
| FY2015 Q4 | Sep 30 2015 | $7.66 | $0.19 | 41.3x | +46% |
| FY2015 Q3 | - | $9.10 | $0.21 | 44.3x | +57% |
| FY2015 Q2 | - | $9.85 | $0.22 | 45.8x | +62% |
| FY2015 Q1 | Dec 31 2014 | $10.24 | $0.20 | 51.2x | +81% |
| FY2014 Q4 | - | $8.28 | $0.34 | 24.6x | -13% |
| FY2014 Q3 | Jun 30 2014 | $8.64 | $0.26 | 33.2x | +17% |
| FY2014 Q2 | Mar 31 2014 | $9.50 | $0.24 | 39.9x | +41% |
| FY2014 Q1 | - | $9.37 | $0.22 | 43.2x | +53% |
| FY2013 Q4 | Sep 30 2013 | $7.99 | $0.25 | 31.4x | +11% |
| FY2013 Q3 | Jun 30 2013 | $6.91 | $0.20 | 35.3x | +25% |
| FY2013 Q2 | Mar 31 2013 | $5.93 | $0.17 | 34.9x | +23% |
| FY2008 Q4 | - | $8.98 | $0.37 | 24.6x | -13% |
| FY2008 Q3 | Jun 30 2008 | $8.07 | $0.35 | 23.4x | -17% |
| FY2008 Q2 | Mar 31 2008 | $8.18 | $0.15 | 53.0x | +88% |
| FY2008 Q1 | Dec 31 2007 | $9.52 | $0.26 | 36.0x | +27% |
| FY2007 Q4 | Sep 30 2007 | $12.39 | $0.43 | 28.9x | +2% |
| FY2007 Q3 | Jun 30 2007 | $17.06 | $0.48 | 35.6x | +26% |
| FY2007 Q2 | Mar 31 2007 | $13.81 | $0.84 | 16.4x | -42% |
| FY2007 Q1 | Dec 31 2006 | $14.87 | $0.66 | 22.4x | -21% |
Average P/E for displayed period: 28.3x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
19+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MWA — Frequently Asked Questions
Quick answers to the most common questions about buying MWA stock.
What is MWA's P/E ratio?
Mueller Water Products, Inc. (MWA) trailing twelve-month P/E ratio is 21.4x, based on TTM diluted EPS of $1.32. The 5-year average P/E is 25.7x and the historical range spans 18.9x to 33.8x.
Is MWA stock overvalued or undervalued?
MWA trades at 21.4x P/E, near its 5-year average of 25.7x. The 30th percentile ranking within the 18.9x–33.8x historical range places valuation within normal bounds.
Is MWA stock expensive?
MWA is fairly valued relative to its own history. The current P/E of 21.4x is near the 5-year average of 25.7x (30th percentile of historical range).
What is MWA's historical P/E range?
Over the past 5 years, MWA's P/E ratio has ranged from 18.9x to 33.8x, with a median of 26.1x and an average of 25.7x. The current P/E of 21.4x places the stock at the 30th percentile of this range. Full historical data spans 2007–2026.
How does MWA's P/E compare to the S&P 500?
MWA trades at 21.4x P/E versus the S&P 500 median of 24.4x. The 12% discount to the market suggests lower growth expectations or perceived higher risk.
How does MWA's valuation compare to Industrials peers?
Mueller Water Products, Inc. P/E of 21.4x compares to the Industrials sector median of 25.6x. 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 MWA's PEG ratio?
MWA PEG ratio is 0.97, based on a P/E of 21.4x and EPS growth of 64.9%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is MWA's earnings yield?
MWA earnings yield is 4.67%, the inverse of its 21.4x 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.