O-I Glass, Inc. (OI) P/E Ratio History
Historical price-to-earnings valuation from 1993 to 2023
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OI Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, O-I Glass, Inc. (OI) trades at a price-to-earnings ratio of -10.8x, with a stock price of $9.09 and trailing twelve-month earnings per share of $-1.22.
The current P/E is 191% below its 5-year average of 11.9x. Over the past five years, OI's P/E has ranged from a low of 3.2x to a high of 31.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.6x, OI trades at a 155% discount to its sector peers. The sector includes 301 companies with P/E ratios ranging from 0.1x to 199.0x.
Relative to the broader market, OI 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 OI 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.
OI P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $6B | 12.3 | 9.66 | +90% | |
| $4B | 15.0 | - | +5% | |
| $8B | 20.9 | 1.62 | +6% | |
| $11B | 15.8 | 1.05 | +80% | |
| $5B | 13.1 | 0.93 | +141%Best | |
| $20B | 26.4 | 2.19 | -4% | |
| $3B | 7.6Lowest | 0.38Best | -31% | |
| $128B | 18.0 | 1.40 | +124% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
OI Historical P/E Data (1993–2023)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $16.73 | $2.38 | 7.0x | -72% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $21.33 | $3.51 | 6.1x | -76% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $22.71 | $4.41 | 5.1x | -79% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $16.57 | $3.89 | 4.3x | -83% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $12.95 | $4.08 | 3.2x | -87% |
| FY2022 Q2 | $14.00 | $3.16 | 4.4x | -82% | |
| FY2022 Q1 | $13.18 | $2.30 | 5.7x | -77% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $12.03 | $0.91 | 13.2x | -47% |
| FY2021 Q3 | $14.27 | $0.46 | 31.0x | +24% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $16.33 | $1.99 | 8.2x | -67% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $14.74 | $0.62 | 23.8x | -5% |
| FY2020 Q4 | $11.90 | $1.56 | 7.6x | -70% |
Average P/E for displayed period: 25.0x
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Start ComparisonOI — Frequently Asked Questions
Quick answers to the most common questions about buying OI stock.
Is OI stock overvalued or undervalued?
OI trades at -10.8x P/E, below its 5-year average of 11.9x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does OI's valuation compare to peers?
O-I Glass, Inc. P/E of -10.8x compares to sector median of 19.6x. The discount suggests lower growth expectations or higher risk.
What is OI's PEG ratio?
OI PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1993-2023.