Darden Restaurants, Inc. (DRI) P/E Ratio History
Fairly ValuedTrading at 19.7x, near 5Y avg of 19.8x · 55th percentile · In line with own history · Data 1996–2026
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P/E Ratio Analysis
As of July 8, 2026, Darden Restaurants, Inc. (DRI) trades at a price-to-earnings ratio of 19.7x, with a stock price of $204.50 and trailing twelve-month earnings per share of $10.47.
The current P/E is roughly in line with its 5-year average of 19.8x. Over the past five years, DRI's P/E has ranged from a low of 16.9x to a high of 24.5x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, DRI is roughly in line with its sector peers. The sector includes 309 companies with P/E ratios ranging from 0.1x to 184.9x.
The PEG ratio of 1.17 (P/E divided by 17% 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, DRI trades at a notable discount to the S&P 500 median P/E of 25.9x. 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 DRI 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.
DRI Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
DRI P/E vs Peers
Casual and Family Dining Chains peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $8B | 21.1 | 0.31Best | +145% | |
| $12B | 30.7 | 0.45 | -6% | |
| $680M | 126.5 | - | +104% | |
| $322M | 15.2Lowest | - | +17% | |
| $4B | 25.3 | - | -4% | |
| $1B | 24.0 | - | +13% | |
| $1B | 27.9 | - | +209%Best | |
| $201B | 23.6 | 1.73 | +5% | |
| $46B | 30.1 | 2.22 | +7% | |
| $45B | 30.1 | 0.85 | +3% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
DRI Historical P/E Data (1996–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | May 31 2026 | $203.91 | $10.39 | 19.6x | +8% |
| FY2026 Q3 | Feb 22 2026 | $217.27 | $9.45 | 23.0x | +27% |
| FY2026 Q2 | Nov 23 2025 | $174.72 | $9.54 | 18.3x | +1% |
| FY2026 Q1 | Aug 24 2025 | $208.58 | $9.33 | 22.4x | +23% |
| FY2025 Q4 | May 25 2025 | $204.02 | $8.88 | 23.0x | +27% |
| FY2025 Q3 | Feb 23 2025 | $191.21 | $8.87 | 21.6x | +19% |
| FY2025 Q2 | Nov 24 2024 | $167.69 | $8.73 | 19.2x | +6% |
| FY2025 Q1 | Aug 25 2024 | $154.07 | $8.67 | 17.8x | -2% |
| FY2024 Q4 | May 26 2024 | $147.60 | $8.52 | 17.3x | -4% |
| FY2024 Q3 | Feb 25 2024 | $169.51 | $8.53 | 19.9x | +10% |
| FY2024 Q2 | Nov 26 2023 | $156.01 | $8.27 | 18.9x | +4% |
| FY2024 Q1 | Aug 27 2023 | $155.99 | $8.03 | 19.4x | +7% |
| FY2023 Q4 | May 31 2023 | $158.52 | $8.00 | 19.8x | +9% |
| FY2023 Q3 | Feb 26 2023 | $144.53 | $7.66 | 18.9x | +4% |
| FY2023 Q2 | Nov 27 2022 | $148.39 | $7.25 | 20.5x | +13% |
| FY2023 Q1 | Aug 28 2022 | $124.97 | $7.21 | 17.3x | -4% |
| FY2022 Q4 | - | $125.00 | $7.40 | 16.9x | -7% |
| FY2022 Q3 | Feb 27 2022 | $145.08 | $7.94 | 18.3x | +1% |
| FY2022 Q2 | Nov 28 2021 | $140.55 | $6.99 | 20.1x | +11% |
| FY2022 Q1 | Aug 29 2021 | $153.08 | $6.24 | 24.5x | +35% |
| FY2021 Q4 | May 31 2021 | $143.23 | $4.77 | 30.0x | +66% |
| FY2020 Q3 | Feb 23 2020 | $121.10 | $5.13 | 23.6x | +30% |
| FY2020 Q2 | Nov 24 2019 | $114.67 | $5.03 | 22.8x | +26% |
| FY2020 Q1 | Aug 25 2019 | $120.53 | $5.75 | 21.0x | +16% |
| FY2019 Q4 | May 31 2019 | $116.32 | $5.70 | 20.4x | +13% |
| FY2019 Q3 | Feb 24 2019 | $111.76 | $5.42 | 20.6x | +14% |
| FY2019 Q2 | Nov 25 2018 | $111.57 | $5.36 | 20.8x | +15% |
| FY2019 Q1 | Aug 26 2018 | $114.33 | $5.11 | 22.4x | +23% |
| FY2018 Q4 | - | $87.41 | $4.72 | 18.5x | +2% |
| FY2018 Q3 | Feb 25 2018 | $95.35 | $4.31 | 22.1x | +22% |
| FY2018 Q2 | Nov 26 2017 | $80.24 | $3.90 | 20.6x | +13% |
| FY2018 Q1 | Aug 27 2017 | $83.68 | $3.87 | 21.6x | +19% |
| FY2017 Q4 | May 31 2017 | $88.93 | $3.81 | 23.3x | +29% |
| FY2017 Q3 | Feb 26 2017 | $75.46 | $3.92 | 19.3x | +6% |
| FY2017 Q2 | Nov 27 2016 | $74.95 | $3.42 | 21.9x | +21% |
| FY2017 Q1 | Aug 28 2016 | $61.19 | $3.11 | 19.7x | +8% |
| FY2016 Q4 | - | $67.83 | $2.91 | 23.3x | +29% |
| FY2016 Q3 | Feb 28 2016 | $63.74 | $2.64 | 24.1x | +33% |
| FY2016 Q2 | Nov 29 2015 | $57.05 | $2.87 | 19.9x | +10% |
| FY2016 Q1 | Aug 30 2015 | $61.83 | $2.28 | 27.1x | +50% |
| FY2015 Q4 | May 31 2015 | $58.69 | $1.46 | 40.2x | +122% |
| FY2015 Q3 | Feb 22 2015 | $55.70 | $1.29 | 43.2x | +138% |
| FY2015 Q2 | Nov 23 2014 | $50.01 | $1.06 | 47.2x | +160% |
| FY2015 Q1 | Aug 24 2014 | $42.60 | $1.47 | 29.0x | +60% |
| FY2014 Q4 | May 31 2014 | $44.88 | $2.15 | 20.9x | +15% |
| FY2014 Q3 | Feb 23 2014 | $45.68 | $2.51 | 18.2x | +0% |
| FY2014 Q2 | Nov 24 2013 | $48.24 | $2.71 | 17.8x | -2% |
| FY2014 Q1 | Aug 25 2013 | $42.09 | $2.82 | 14.9x | -18% |
| FY2013 Q4 | May 31 2013 | $46.38 | $3.14 | 14.8x | -19% |
| FY2013 Q3 | Feb 24 2013 | $41.40 | $3.28 | 12.6x | -30% |
| FY2013 Q2 | Nov 25 2012 | $47.93 | $3.51 | 13.7x | -25% |
| FY2013 Q1 | Aug 26 2012 | $46.88 | $3.65 | 12.8x | -29% |
| FY2012 Q4 | - | $46.32 | $3.58 | 12.9x | -29% |
| FY2012 Q3 | Feb 26 2012 | $44.05 | $3.42 | 12.9x | -29% |
| FY2012 Q2 | Nov 27 2011 | $39.94 | $3.25 | 12.3x | -32% |
| FY2012 Q1 | Aug 28 2011 | $41.05 | $3.38 | 12.1x | -33% |
| FY2011 Q4 | - | $45.35 | $3.40 | 13.3x | -26% |
| FY2011 Q3 | Feb 27 2011 | $42.34 | $3.21 | 13.2x | -27% |
| FY2011 Q2 | Nov 28 2010 | $44.31 | $3.07 | 14.4x | -20% |
| FY2011 Q1 | Aug 29 2010 | $38.05 | $2.97 | 12.8x | -29% |
| FY2010 Q4 | May 31 2010 | $38.41 | $2.84 | 13.5x | -25% |
| FY2010 Q3 | Feb 28 2010 | $36.31 | $2.91 | 12.5x | -31% |
| FY2010 Q2 | Nov 29 2009 | $27.89 | $2.75 | 10.1x | -44% |
| FY2010 Q1 | Aug 30 2009 | $30.01 | $2.75 | 10.9x | -40% |
| FY2009 Q4 | May 31 2009 | $32.39 | $2.66 | 12.2x | -33% |
| FY2009 Q3 | Feb 22 2009 | $25.28 | $2.50 | 10.1x | -44% |
| FY2009 Q2 | Nov 23 2008 | $12.80 | $2.60 | 4.9x | -73% |
| FY2009 Q1 | Aug 24 2008 | $30.06 | $2.47 | 12.2x | -33% |
| FY2008 Q4 | May 31 2008 | $30.67 | $2.61 | 11.8x | -35% |
| FY2008 Q3 | Feb 24 2008 | $28.10 | $1.52 | 18.5x | +2% |
| FY2008 Q2 | Nov 25 2007 | $35.28 | $1.36 | 25.9x | +43% |
| FY2008 Q1 | Aug 26 2007 | $37.90 | $1.47 | 25.8x | +42% |
| FY2007 Q4 | - | $40.80 | $1.34 | 30.4x | +68% |
| FY2007 Q3 | Feb 25 2007 | $38.20 | $2.32 | 16.5x | -9% |
| FY2007 Q2 | Nov 26 2006 | $36.04 | $2.27 | 15.9x | -12% |
| FY2007 Q1 | Aug 27 2006 | $31.03 | $2.21 | 14.0x | -23% |
| FY2006 Q4 | May 31 2006 | $31.71 | $2.15 | 14.7x | -19% |
| FY2006 Q3 | Feb 26 2006 | $38.28 | $2.07 | 18.5x | +2% |
| FY2006 Q2 | Nov 27 2005 | $32.32 | $1.96 | 16.5x | -9% |
| FY2006 Q1 | Aug 28 2005 | $28.29 | $1.87 | 15.1x | -17% |
| FY2005 Q4 | - | $29.08 | $1.78 | 16.3x | -10% |
| FY2005 Q3 | Feb 27 2005 | $24.62 | $1.58 | 15.6x | -14% |
| FY2005 Q2 | Nov 28 2004 | $24.54 | $1.47 | 16.7x | -8% |
| FY2005 Q1 | Aug 29 2004 | $19.05 | $1.39 | 13.7x | -24% |
| FY2004 Q4 | May 31 2004 | $20.15 | $1.35 | 14.9x | -18% |
| FY2004 Q3 | Feb 22 2004 | $19.72 | $1.38 | 14.3x | -21% |
| FY2004 Q2 | Nov 23 2003 | $17.77 | $1.28 | 13.9x | -23% |
| FY2004 Q1 | Aug 24 2003 | $18.58 | $1.31 | 14.2x | -22% |
| FY2003 Q4 | May 31 2003 | $17.74 | $1.31 | 13.5x | -25% |
| FY2003 Q3 | Feb 23 2003 | $15.27 | $1.36 | 11.2x | -38% |
| FY2003 Q2 | Nov 24 2002 | $19.10 | $1.37 | 13.9x | -23% |
| FY2003 Q1 | Aug 25 2002 | $22.21 | $1.36 | 16.3x | -10% |
| FY2002 Q4 | May 31 2002 | $22.50 | $1.30 | 17.3x | -5% |
| FY2002 Q3 | Feb 24 2002 | $25.39 | $1.23 | 20.6x | +14% |
| FY2002 Q2 | Nov 25 2001 | $18.36 | $1.14 | 16.1x | -11% |
| FY2002 Q1 | Aug 26 2001 | $17.05 | $1.10 | 15.5x | -15% |
| FY2001 Q4 | - | $16.66 | $1.07 | 15.6x | -14% |
| FY2001 Q3 | Feb 25 2001 | $12.54 | $1.05 | 11.9x | -34% |
| FY2001 Q2 | Nov 26 2000 | $15.45 | $1.02 | 15.1x | -16% |
| FY2001 Q1 | Aug 27 2000 | $10.78 | $0.98 | 11.0x | -39% |
| FY2000 Q4 | May 31 2000 | $10.26 | $0.90 | 11.4x | -37% |
| FY2000 Q3 | Feb 27 2000 | $8.10 | $0.84 | 9.6x | -47% |
| FY2000 Q2 | Nov 28 1999 | $10.22 | $0.78 | 13.1x | -28% |
| FY2000 Q1 | Aug 29 1999 | $10.60 | $0.73 | 14.5x | -20% |
| FY1999 Q4 | May 31 1999 | $12.72 | $0.66 | 19.2x | +6% |
| FY1999 Q3 | Feb 28 1999 | $13.13 | $0.59 | 22.1x | +22% |
| FY1999 Q2 | Nov 29 1998 | $9.63 | $0.54 | 17.7x | -2% |
| FY1999 Q1 | Aug 30 1998 | $9.25 | $0.50 | 18.4x | +1% |
| FY1998 Q4 | May 31 1998 | $9.22 | $0.45 | 20.3x | +12% |
| FY1997 Q3 | Feb 23 1997 | $4.18 | $0.25 | 16.9x | -7% |
| FY1997 Q2 | Nov 24 1996 | $5.07 | $0.33 | 15.4x | -15% |
| FY1997 Q1 | Aug 25 1996 | $4.78 | $0.44 | 10.8x | -41% |
| FY1996 Q4 | May 31 1996 | $7.09 | $0.30 | 23.4x | +29% |
Average P/E for displayed period: 18.1x
Intrinsic Valuation
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Historical Returns
30+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
DRI — Frequently Asked Questions
Quick answers to the most common questions about buying DRI stock.
What is DRI's P/E ratio?
Darden Restaurants, Inc. (DRI) trailing twelve-month P/E ratio is 19.7x, based on TTM diluted EPS of $10.47. The 5-year average P/E is 19.8x and the historical range spans 16.9x to 24.5x.
Is DRI stock overvalued or undervalued?
DRI trades at 19.7x P/E, near its 5-year average of 19.8x. The 55th percentile ranking within the 16.9x–24.5x historical range places valuation within normal bounds.
Is DRI stock expensive?
DRI is fairly valued relative to its own history. The current P/E of 19.7x is near the 5-year average of 19.8x (55th percentile of historical range).
What is DRI's historical P/E range?
Over the past 5 years, DRI's P/E ratio has ranged from 16.9x to 24.5x, with a median of 19.6x and an average of 19.8x. The current P/E of 19.7x places the stock at the 55th percentile of this range. Full historical data spans 1996–2026.
How does DRI's P/E compare to the S&P 500?
DRI trades at 19.7x P/E versus the S&P 500 median of 25.9x. The 24% discount to the market suggests lower growth expectations or perceived higher risk.
How does DRI's valuation compare to Consumer Cyclical peers?
Darden Restaurants, Inc. P/E of 19.7x compares to the Consumer Cyclical sector median of 21.2x. 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 DRI's PEG ratio?
DRI PEG ratio is 1.17, based on a P/E of 19.7x and EPS growth of 17.3%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is DRI's earnings yield?
DRI earnings yield is 5.08%, the inverse of its 19.7x 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.