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 |
|---|---|---|
| 2021 | 28.9 | -5.71% |
| 2020 | 30.6 | 32.76% |
| 2019 | 23.1 | 39.24% |
| 2018 | 16.6 | -51.46% |
| 2017 | 34.1 | 59.65% |
| 2016 | 21.4 | 19.22% |
| 2015 | 17.9 | 38.76% |
| 2014 | 12.9 | -42.22% |
| 2013 | 22.4 | 125.42% |
| 2012 | 9.92 | -10.8% |
| 2011 | 11.1 | -36.27% |
| 2010 | 17.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 19.5 | -15.45% | 🇺🇸 USA |
 Parker-Hannifin
PH | 23.7 | 2.80% | 🇺🇸 USA |
 3M MMM | -34.6 | -249.94% | 🇺🇸 USA |
 Flowserve
FLS | 21.7 | -5.82% | 🇺🇸 USA |
 Ingersoll Rand IR | 37.0 | 60.64% | 🇮🇪 Ireland |
 Middleby MIDD | 15.5 | -32.63% | 🇺🇸 USA |
 Nordson NDSN | 25.6 | 11.26% | 🇺🇸 USA |
 Lincoln Electric
LECO | 21.5 | -6.75% | 🇺🇸 USA |
 John Bean Technologies JBT | 26.2 | 13.48% | 🇺🇸 USA |
 Graco GGG | 24.5 | 6.28% | 🇺🇸 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.