P/E ratio for Eaton (ETN)
P/E ratio as of April 2024 (TTM): 41.7
According to Eaton's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.712. At the end of 2022 the company had a P/E ratio of 25.4.
P/E ratio history for Eaton from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.4 | -20.81% |
| 2021 | 32.1 | -6.42% |
| 2020 | 34.3 | 90.98% |
| 2019 | 18.0 | 29.05% |
| 2018 | 13.9 | 18.63% |
| 2017 | 11.7 | -25.98% |
| 2016 | 15.9 | 29.53% |
| 2015 | 12.2 | -31.71% |
| 2014 | 17.9 | -7.42% |
| 2013 | 19.4 | 26.91% |
| 2012 | 15.3 | 39.54% |
| 2011 | 10.9 | -40.52% |
| 2010 | 18.4 | -32.94% |
| 2009 | 27.4 | 263.54% |
| 2008 | 7.54 | -47.48% |
| 2007 | 14.4 | 20.81% |
| 2006 | 11.9 | -5.01% |
| 2005 | 12.5 | -26.66% |
| 2004 | 17.1 | -17.97% |
| 2003 | 20.8 | 6.28% |
| 2002 | 19.6 | -36.07% |
| 2001 | 30.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ametek AME | 32.3 | -22.45% | 🇺🇸 USA |
 A. O. Smith AOS | 44.3 | 6.15% | 🇺🇸 USA |
 Emerson EMR | 4.77 | -88.56% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.