The Hershey Company (HSY) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Hershey is a leading US confectionery manufacturer (in a $55 billion market, according to Euromonitor), controlling more than 35% of the domestic chocolate aisle. Beyond its namesake label, the fir...
The Hershey Company (HSY) currently trades at a P/E ratio of 23.05 (historical range: 8.59–34.56, median: 13.66), placing it at the 94th percentile — expensive relative to its history, P/S ratio of 2.82 (range: 1.39–3.15, 94th percentile — expensive relative to its history), EV/EBITDA of 17.71 (range: 7.84–24.39, 93th percentile).
The Hershey Company trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 23.05 | 13.66 | 94th | expensive relative to its history |
| P/S Ratio | 2.82 | 1.91 | 94th | expensive relative to its history |
| EV/EBITDA | 17.71 | 11.71 | 93th | expensive relative to its history |
| FCF Yield | 6.49% | 7.52% | 11th | expensive relative to its history |
The Hershey Company (HSY) Valuation & P/E History
The Hershey Company (HSY) is a US-listed stock operating in the Consumer Defensive sector, specifically the Sugar & Confectionery Products industry currently trading at $170.50 with a market capitalization of $34.3 billion. This page provides historical valuation analysis for HSY based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 23.05 is above the historical median of 13.66, placing HSY at the 94th percentile of its valuation range. The P/S ratio of 2.82 compares to a median of 1.91.
HSY Valuation Metrics & Historical Range
The valuation table above shows The Hershey Company's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether HSY is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests HSY is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for The Hershey Company.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is HSY Overvalued or Undervalued?
The Hershey Company trades well above its own historical valuation range across most metrics. The overall valuation percentile of 94 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive HSY is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full HSY analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.HSY trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.