Advanced Drainage Systems, Inc. (WMS) P/E Ratio History
Fairly ValuedTrading at 23.8x, near 5Y avg of 24.7x · 55th percentile · In line with own history · Data 2015–2027
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P/E Ratio Analysis
As of September 24, 2026, Advanced Drainage Systems, Inc. (WMS) trades at a price-to-earnings ratio of 23.8x, with a stock price of $129.74 and trailing twelve-month earnings per share of $5.86.
The current P/E is roughly in line with its 5-year average of 24.7x. Over the past five years, WMS's P/E has ranged from a low of 13.9x to a high of 47.9x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Industrials sector median P/E of 26.2x, WMS is roughly in line with its sector peers. The sector includes 397 companies with P/E ratios ranging from 0.1x to 194.2x.
The PEG ratio of 1.49 (P/E divided by -6% 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, WMS 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 WMS 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.
WMS Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
WMS P/E vs Peers
Site, water and foundation infrastructure peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $17B | 14.3 | 1.05Best | -14% | |
| $7B | 63.8 | 11.74 | -36% | |
| $5B | 15.8 | - | -34% | |
| $5B | 24.5 | 7.33 | -15% | |
| $9B | 14.0Lowest | 1.07 | +6% | |
| $989M | 28.8 | 2.21 | +5% | |
| $5B | 39.2 | 2.35 | +311%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
WMS Historical P/E Data (2015–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q1 | - | $156.96 | $5.79 | 27.1x | -22% |
| FY2026 Q4 | - | $137.13 | $5.44 | 25.2x | -27% |
| FY2026 Q3 | Dec 31 2025 | $144.83 | $6.01 | 24.1x | -30% |
| FY2026 Q2 | - | $138.70 | $5.86 | 23.7x | -32% |
| FY2026 Q1 | Jun 30 2025 | $114.86 | $5.54 | 20.7x | -40% |
| FY2025 Q4 | Mar 31 2025 | $108.65 | $5.76 | 18.9x | -46% |
| FY2025 Q3 | - | $115.60 | $5.98 | 19.3x | -44% |
| FY2025 Q2 | Sep 30 2024 | $157.16 | $6.28 | 25.0x | -28% |
| FY2025 Q1 | Jun 30 2024 | $160.39 | $6.32 | 25.4x | -27% |
| FY2024 Q4 | Mar 31 2024 | $172.24 | $6.44 | 26.7x | -23% |
| FY2024 Q3 | Dec 31 2023 | $140.64 | $6.29 | 22.4x | -35% |
| FY2024 Q2 | Sep 30 2023 | $113.83 | $5.94 | 19.2x | -45% |
| FY2024 Q1 | Jun 30 2023 | $113.78 | $6.03 | 18.9x | -46% |
| FY2023 Q4 | Mar 31 2023 | $84.21 | $6.07 | 13.9x | -60% |
| FY2023 Q3 | Dec 31 2022 | $81.97 | $5.64 | 14.5x | -58% |
| FY2023 Q2 | Sep 30 2022 | $124.37 | $5.51 | 22.6x | -35% |
| FY2023 Q1 | - | $90.07 | $4.59 | 19.6x | -43% |
| FY2022 Q4 | - | $118.81 | $3.24 | 36.7x | +6% |
| FY2022 Q3 | Dec 31 2021 | $136.13 | $2.84 | 47.9x | +38% |
| FY2022 Q2 | - | $108.17 | $2.60 | 41.6x | +20% |
| FY2022 Q1 | Jun 30 2021 | $116.57 | $2.85 | 40.9x | +18% |
| FY2021 Q4 | Mar 31 2021 | $103.39 | $2.98 | 34.7x | +0% |
| FY2021 Q3 | - | $83.58 | $3.18 | 26.3x | -24% |
| FY2021 Q2 | Sep 30 2020 | $62.44 | $2.90 | 21.5x | -38% |
| FY2021 Q1 | - | $49.40 | $1.89 | 26.1x | -25% |
| FY2019 Q4 | Mar 31 2019 | $25.77 | $1.35 | 19.1x | -45% |
| FY2019 Q3 | Dec 31 2018 | $24.25 | $1.23 | 19.7x | -43% |
| FY2019 Q2 | Sep 30 2018 | $30.90 | $1.53 | 20.2x | -42% |
| FY2019 Q1 | Jun 30 2018 | $28.55 | $1.35 | 21.1x | -39% |
| FY2018 Q4 | Mar 31 2018 | $25.90 | $1.11 | 23.3x | -33% |
| FY2018 Q3 | Dec 31 2017 | $23.85 | $0.88 | 27.1x | -22% |
| FY2018 Q2 | Sep 30 2017 | $20.25 | $0.47 | 43.1x | +24% |
| FY2018 Q1 | Jun 30 2017 | $20.10 | $0.58 | 34.7x | +0% |
| FY2017 Q4 | Mar 31 2017 | $21.90 | $0.70 | 31.3x | -10% |
| FY2017 Q3 | Dec 31 2016 | $20.60 | $0.82 | 25.1x | -28% |
| FY2017 Q2 | Sep 30 2016 | $24.06 | $0.80 | 30.1x | -13% |
| FY2017 Q1 | - | $27.37 | $0.57 | 48.0x | +39% |
| FY2016 Q4 | - | $21.30 | $0.32 | 66.6x | +92% |
| FY2016 Q3 | - | $24.03 | $0.34 | 70.7x | +104% |
| FY2016 Q2 | Sep 30 2015 | $28.93 | $0.19 | 149.8x | +332% |
| FY2016 Q1 | - | $29.33 | $0.39 | 74.6x | +115% |
| FY2015 Q4 | - | $29.94 | $0.46 | 64.7x | +87% |
| FY2015 Q3 | Dec 31 2014 | $22.98 | $0.43 | 53.1x | +53% |
| FY2015 Q2 | - | $20.95 | $0.35 | 59.7x | +72% |
Average P/E for displayed period: 34.7x
WMS 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.
WMS — Frequently Asked Questions
Quick answers to the most common questions about buying WMS stock.
What is WMS's P/E ratio?
Advanced Drainage Systems, Inc. (WMS) trailing twelve-month P/E ratio is 23.8x, based on TTM diluted EPS of $5.86. The 5-year average P/E is 24.7x and the historical range spans 13.9x to 47.9x.
Is WMS stock overvalued or undervalued?
WMS trades at 23.8x P/E, near its 5-year average of 24.7x. The 55th percentile ranking within the 13.9x–47.9x historical range places valuation within normal bounds.
Is WMS stock expensive?
WMS is fairly valued relative to its own history. The current P/E of 23.8x is near the 5-year average of 24.7x (55th percentile of historical range).
What is WMS's historical P/E range?
Over the past 5 years, WMS's P/E ratio has ranged from 13.9x to 47.9x, with a median of 23.7x and an average of 24.7x. The current P/E of 23.8x places the stock at the 55th percentile of this range. Full historical data spans 2015–2027.
How does WMS's P/E compare to the S&P 500?
WMS trades at 23.8x P/E versus the S&P 500 median of 25.3x. The 6% discount to the market suggests lower growth expectations or perceived higher risk.
How does WMS's valuation compare to Industrials peers?
Advanced Drainage Systems, Inc. P/E of 23.8x compares to the Industrials sector median of 26.2x. 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 WMS's PEG ratio?
WMS PEG ratio is 1.49, based on a P/E of 23.8x and EPS growth of -5.6%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is WMS's earnings yield?
WMS earnings yield is 4.19%, the inverse of its 23.8x 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.