Illinois Tool Works
ITW
#205
Rank
$70.61 B
Marketcap
$233.51
Share price
0.60%
Change (1 day)
23.62%
Change (1 year)

P/E ratio for Illinois Tool Works (ITW)

P/E ratio as of September 2023 (TTM): 23.0

According to Illinois Tool Works 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0478. At the end of 2021 the company had a P/E ratio of 28.9.

P/E ratio history for Illinois Tool Works from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202128.9-5.71%
202030.632.76%
201923.139.24%
201816.6-51.46%
201734.159.65%
201621.419.22%
201517.938.76%
201412.9-42.22%
201322.4125.42%
20129.92-10.8%
201111.1-36.27%
201017.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
19.5-15.45%๐Ÿ‡บ๐Ÿ‡ธ USA
23.7 2.80%๐Ÿ‡บ๐Ÿ‡ธ USA
-34.6-249.94%๐Ÿ‡บ๐Ÿ‡ธ USA
21.7-5.82%๐Ÿ‡บ๐Ÿ‡ธ USA
37.0 60.64%๐Ÿ‡ฎ๐Ÿ‡ช Ireland
15.5-32.63%๐Ÿ‡บ๐Ÿ‡ธ USA
25.6 11.26%๐Ÿ‡บ๐Ÿ‡ธ USA
21.5-6.75%๐Ÿ‡บ๐Ÿ‡ธ USA
26.2 13.48%๐Ÿ‡บ๐Ÿ‡ธ USA
24.5 6.28%๐Ÿ‡บ๐Ÿ‡ธ 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.