The Scotts Miracle-Gro Company (SMG) P/E Ratio History
UndervaluedTrading at 21.4x vs 5Y avg 33.7x · 45th percentile · Below historical baseline · Data 1992–2026
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P/E Ratio Analysis
As of September 24, 2026, The Scotts Miracle-Gro Company (SMG) trades at a price-to-earnings ratio of 21.4x, with a stock price of $52.83 and trailing twelve-month earnings per share of $1.25.
The current P/E is 37% below its 5-year average of 33.7x. Over the past five years, SMG's P/E has ranged from a low of 12.5x to a high of 109.5x, placing the current valuation at the 45th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.1x, SMG is roughly in line with its sector peers. The sector includes 123 companies with P/E ratios ranging from 0.4x to 152.2x.
Relative to the broader market, SMG trades roughly in line with the S&P 500 median P/E of 25.3x. 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 SMG 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.
SMG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
SMG P/E vs Peers
Consumer and specialty ag systems peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 22.4 | 1.73 | -6% | |
| $2B | 15.5 | 5.17 | +57% | |
| $2B | 24.1 | 0.37 | -16% | |
| $219B | 28.5 | 9.70 | +88% | |
| $7B | 29.4 | 0.51 | -44% | |
| $36B | 15.9 | 0.39 | +249%Best | |
| $8B | 14.3 | - | +209% | |
| $19B | 13.5Lowest | 0.31Best | +33% | |
| $54B | 50.3 | 4.21 | +23% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
SMG Historical P/E Data (1992–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Jun 27 2026 | $69.91 | $1.15 | 60.8x | +110% |
| FY2026 Q2 | Mar 28 2026 | $60.65 | $1.79 | 33.9x | +17% |
| FY2026 Q1 | Dec 27 2025 | $57.93 | $1.47 | 39.4x | +36% |
| FY2025 Q4 | - | $56.95 | $2.42 | 23.5x | -19% |
| FY2025 Q3 | Jun 28 2025 | $65.74 | $0.76 | 86.5x | +199% |
| FY2025 Q2 | Mar 29 2025 | $54.76 | $0.50 | 109.5x | +278% |
| FY2022 Q2 | Apr 02 2022 | $127.36 | $7.14 | 17.8x | -38% |
| FY2022 Q1 | Jan 01 2022 | $161.00 | $7.63 | 21.1x | -27% |
| FY2021 Q4 | - | $146.36 | $8.96 | 16.3x | -44% |
| FY2021 Q3 | Jul 03 2021 | $188.59 | $9.87 | 19.1x | -34% |
| FY2021 Q2 | Apr 03 2021 | $250.00 | $9.48 | 26.4x | -9% |
| FY2021 Q1 | Jan 02 2021 | $199.14 | $8.52 | 23.4x | -19% |
| FY2020 Q4 | Sep 30 2020 | $152.91 | $6.81 | 22.5x | -22% |
| FY2020 Q3 | Jun 27 2020 | $127.56 | $5.70 | 22.4x | -23% |
| FY2020 Q2 | Mar 28 2020 | $102.53 | $5.71 | 18.0x | -38% |
| FY2020 Q1 | Dec 28 2019 | $106.75 | $8.33 | 12.8x | -56% |
| FY2019 Q4 | Sep 30 2019 | $101.82 | $8.17 | 12.5x | -57% |
| FY2019 Q3 | Jun 29 2019 | $98.50 | $6.56 | 15.0x | -48% |
| FY2019 Q2 | Mar 30 2019 | $78.58 | $4.47 | 17.6x | -39% |
| FY2018 Q4 | Sep 30 2018 | $78.73 | $1.04 | 75.7x | +161% |
| FY2018 Q3 | Jun 30 2018 | $83.16 | $3.12 | 26.7x | -8% |
| FY2018 Q2 | Mar 31 2018 | $85.75 | $4.18 | 20.5x | -29% |
| FY2018 Q1 | Dec 30 2017 | $106.99 | $4.32 | 24.8x | -14% |
| FY2017 Q4 | Sep 30 2017 | $97.34 | $3.60 | 27.0x | -7% |
| FY2017 Q3 | Jul 01 2017 | $89.46 | $3.81 | 23.5x | -19% |
| FY2017 Q2 | Apr 01 2017 | $93.39 | $4.72 | 19.8x | -32% |
| FY2017 Q1 | Dec 31 2016 | $95.55 | $5.37 | 17.8x | -39% |
| FY2016 Q4 | Sep 30 2016 | $83.27 | $5.14 | 16.2x | -44% |
| FY2016 Q3 | Jul 02 2016 | $69.60 | $5.12 | 13.6x | -53% |
| FY2016 Q2 | Apr 02 2016 | $73.01 | $3.82 | 19.1x | -34% |
| FY2016 Q1 | Jan 02 2016 | $64.51 | $2.45 | 26.3x | -9% |
| FY2015 Q4 | Sep 30 2015 | $60.82 | $2.54 | 23.9x | -17% |
| FY2015 Q3 | Jun 27 2015 | $60.88 | $2.67 | 22.8x | -21% |
| FY2015 Q2 | Mar 28 2015 | $65.65 | $2.48 | 26.5x | -9% |
| FY2015 Q1 | Dec 27 2014 | $62.64 | $2.47 | 25.4x | -12% |
| FY2014 Q4 | - | $55.00 | $2.64 | 20.8x | -28% |
| FY2014 Q3 | Jun 28 2014 | $56.91 | $2.58 | 22.1x | -24% |
| FY2014 Q2 | Mar 29 2014 | $60.03 | $3.00 | 20.0x | -31% |
| FY2014 Q1 | Dec 28 2013 | $62.22 | $2.60 | 23.9x | -17% |
| FY2013 Q4 | Sep 30 2013 | $55.03 | $2.56 | 21.5x | -26% |
| FY2013 Q3 | Jun 29 2013 | $48.31 | $2.21 | 21.9x | -25% |
| FY2013 Q2 | Mar 30 2013 | $43.24 | $1.34 | 32.3x | +11% |
| FY2013 Q1 | Dec 29 2012 | $43.72 | $1.79 | 24.4x | -16% |
| FY2012 Q4 | Sep 30 2012 | $43.47 | $1.68 | 25.9x | -11% |
| FY2012 Q3 | Jun 30 2012 | $41.12 | $1.66 | 24.8x | -14% |
| FY2012 Q2 | Mar 31 2012 | $54.16 | $1.85 | 29.3x | +1% |
| FY2012 Q1 | Dec 31 2011 | $46.69 | $2.02 | 23.1x | -20% |
| FY2011 Q4 | Sep 30 2011 | $44.60 | $2.21 | 20.2x | -30% |
| FY2011 Q3 | Jul 02 2011 | $51.61 | $2.41 | 21.4x | -26% |
| FY2011 Q2 | Apr 02 2011 | $58.40 | $3.31 | 17.6x | -39% |
| FY2011 Q1 | Jan 01 2011 | $50.77 | $2.85 | 17.8x | -38% |
| FY2010 Q4 | - | $51.73 | $2.99 | 17.3x | -40% |
| FY2010 Q3 | Jul 03 2010 | $45.00 | $3.24 | 13.9x | -52% |
| FY2010 Q2 | Apr 03 2010 | $46.65 | $2.88 | 16.2x | -44% |
| FY2010 Q1 | Jan 02 2010 | $39.31 | $2.30 | 17.1x | -41% |
| FY2009 Q4 | Sep 30 2009 | $42.95 | $2.30 | 18.7x | -36% |
| FY2009 Q3 | Jun 27 2009 | $35.17 | $1.99 | 17.7x | -39% |
| FY2009 Q2 | Mar 28 2009 | $35.53 | $0.11 | 323.0x | +1015% |
| FY2008 Q2 | Mar 29 2008 | $32.20 | $1.35 | 23.9x | -18% |
| FY2008 Q1 | Dec 29 2007 | $37.66 | $1.70 | 22.2x | -24% |
| FY2007 Q4 | Sep 30 2007 | $42.75 | $1.70 | 25.1x | -13% |
| FY2007 Q3 | Jun 30 2007 | $42.94 | $1.71 | 25.1x | -13% |
| FY2007 Q2 | Mar 31 2007 | $44.03 | $1.65 | 26.7x | -8% |
| FY2007 Q1 | Dec 30 2006 | $51.65 | $1.78 | 29.0x | +0% |
| FY2006 Q4 | Sep 30 2006 | $44.49 | $1.89 | 23.5x | -19% |
| FY2006 Q3 | Jul 01 2006 | $42.32 | $2.39 | 17.7x | -39% |
| FY2006 Q2 | Apr 01 2006 | $45.76 | $1.76 | 26.0x | -10% |
| FY2006 Q1 | Dec 31 2005 | $45.24 | $1.62 | 27.9x | -4% |
| FY2005 Q4 | Sep 30 2005 | $43.96 | $1.44 | 30.5x | +5% |
| FY2005 Q3 | Jul 02 2005 | $35.98 | $1.53 | 23.5x | -19% |
| FY2005 Q2 | Apr 02 2005 | $34.56 | $1.75 | 19.7x | -32% |
| FY2005 Q1 | Jan 01 2005 | $36.76 | $1.64 | 22.4x | -23% |
| FY2004 Q4 | - | $32.07 | $1.49 | 21.5x | -26% |
| FY2004 Q3 | Jun 26 2004 | $30.98 | $1.47 | 21.1x | -27% |
| FY2004 Q2 | Mar 27 2004 | $31.63 | $1.37 | 23.1x | -20% |
| FY2004 Q1 | Dec 27 2003 | $29.60 | $1.23 | 24.0x | -17% |
| FY2003 Q4 | - | $27.35 | $1.56 | 17.5x | -40% |
| FY2003 Q3 | Jun 28 2003 | $24.68 | $1.40 | 17.6x | -39% |
| FY2003 Q2 | Mar 29 2003 | $26.25 | $1.50 | 17.5x | -40% |
| FY2003 Q1 | Dec 28 2002 | $24.47 | $1.56 | 15.7x | -46% |
| FY2002 Q4 | Sep 30 2002 | $20.85 | $1.52 | 13.7x | -53% |
| FY2002 Q3 | Jun 29 2002 | $22.70 | $0.63 | 36.0x | +24% |
| FY2002 Q1 | Dec 29 2001 | $23.45 | $0.24 | 97.7x | +237% |
| FY2001 Q4 | Sep 30 2001 | $17.05 | $0.14 | 121.8x | +321% |
| FY2001 Q3 | Jun 30 2001 | $20.73 | $1.00 | 20.7x | -28% |
| FY2001 Q2 | Mar 31 2001 | $19.02 | $1.14 | 16.7x | -42% |
| FY2001 Q1 | Dec 30 2000 | $18.47 | $0.82 | 22.5x | -22% |
| FY2000 Q4 | Sep 30 2000 | $16.75 | $1.21 | 13.8x | -52% |
| FY2000 Q3 | Jul 01 2000 | $18.25 | $1.16 | 15.7x | -46% |
| FY2000 Q2 | Apr 01 2000 | $21.00 | $0.95 | 22.1x | -24% |
| FY2000 Q1 | Jan 01 2000 | $20.13 | $0.68 | 29.6x | +2% |
| FY1999 Q4 | - | $17.31 | $1.03 | 16.8x | -42% |
| FY1999 Q3 | Jul 03 1999 | $23.50 | $1.07 | 22.0x | -24% |
| FY1999 Q2 | Apr 03 1999 | $18.94 | $0.79 | 24.0x | -17% |
| FY1999 Q1 | Jan 02 1999 | $19.22 | $0.52 | 37.0x | +28% |
| FY1998 Q4 | Sep 30 1998 | $15.31 | $0.54 | 28.4x | -2% |
| FY1998 Q3 | Jul 04 1998 | $18.88 | $0.73 | 25.8x | -11% |
| FY1998 Q2 | Apr 04 1998 | $17.75 | $0.69 | 25.7x | -11% |
| FY1998 Q1 | Jan 03 1998 | $15.53 | $0.63 | 24.6x | -15% |
| FY1997 Q4 | - | $13.13 | $0.71 | 18.6x | -36% |
| FY1997 Q3 | Jun 28 1997 | $14.06 | $0.39 | 35.7x | +23% |
| FY1997 Q2 | Mar 29 1997 | $12.13 | $0.16 | 74.0x | +156% |
| FY1996 Q3 | Jun 29 1996 | $8.75 | $0.26 | 33.5x | +16% |
| FY1996 Q2 | Mar 30 1996 | $8.88 | $0.36 | 24.6x | -15% |
| FY1996 Q1 | Dec 30 1995 | $9.69 | $0.56 | 17.3x | -40% |
| FY1995 Q4 | Sep 30 1995 | $11.06 | $0.57 | 19.4x | -33% |
| FY1995 Q3 | Jul 01 1995 | $10.94 | $0.56 | 19.4x | -33% |
| FY1995 Q2 | Apr 01 1995 | $9.16 | $0.58 | 15.7x | -46% |
| FY1995 Q1 | Dec 31 1994 | $7.94 | $0.53 | 14.9x | -49% |
| FY1994 Q4 | Sep 30 1994 | $7.75 | $0.32 | 24.0x | -17% |
| FY1993 Q4 | - | $9.19 | $0.19 | 48.4x | +67% |
| FY1993 Q3 | Jun 30 1993 | $8.63 | $0.53 | 16.2x | -44% |
| FY1993 Q2 | Mar 31 1993 | $9.88 | $0.39 | 25.6x | -12% |
| FY1993 Q1 | - | $8.88 | $0.51 | 17.5x | -39% |
| FY1992 Q4 | Sep 30 1992 | $7.88 | $0.44 | 17.8x | -38% |
| FY1992 Q3 | - | $7.25 | $0.35 | 20.8x | -28% |
| FY1992 Q2 | - | $9.25 | $0.30 | 30.4x | +5% |
Average P/E for displayed period: 29.0x
SMG Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SMG — Frequently Asked Questions
Quick answers to the most common questions about buying SMG stock.
What is SMG's P/E ratio?
The Scotts Miracle-Gro Company (SMG) trailing twelve-month P/E ratio is 21.4x, based on TTM diluted EPS of $1.25. The 5-year average P/E is 33.7x and the historical range spans 12.5x to 109.5x.
Is SMG stock overvalued or undervalued?
SMG trades at 21.4x P/E, below its 5-year average of 33.7x. At the 45th percentile of its historical range (12.5x–109.5x), the stock is priced at a discount to its own history.
Is SMG stock expensive?
No, SMG is not expensive on a historical basis. The current P/E of 21.4x is below the 5-year average of 33.7x and sits at the 45th percentile of its valuation range.
What is SMG's historical P/E range?
Over the past 5 years, SMG's P/E ratio has ranged from 12.5x to 109.5x, with a median of 22.5x and an average of 33.7x. The current P/E of 21.4x places the stock at the 45th percentile of this range. Full historical data spans 1992–2026.
How does SMG's P/E compare to the S&P 500?
SMG trades at 21.4x P/E versus the S&P 500 median of 25.3x. The 15% discount to the market suggests lower growth expectations or perceived higher risk.
How does SMG's valuation compare to Basic Materials peers?
The Scotts Miracle-Gro Company P/E of 21.4x compares to the Basic Materials sector median of 22.1x. 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 SMG's PEG ratio?
SMG PEG ratio is N/A, based on a P/E of 21.4x and EPS growth of 504.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is SMG's earnings yield?
SMG earnings yield is 4.68%, 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.