P/E ratio for Illinois Tool Works (ITW)

P/E ratio history for Illinois Tool Works from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Dover DOV	25.5	6.52%	🇺🇸 USA
Graco GGG	27.3	13.88%	🇺🇸 USA
Flowserve FLS	27.2	13.56%	🇺🇸 USA
Lincoln Electric LECO	24.4	1.75%	🇺🇸 USA
Parker-Hannifin PH	30.4	26.76%	🇺🇸 USA
Middleby MIDD	15.7	-34.26%	🇺🇸 USA
Nordson NDSN	28.1	17.40%	🇺🇸 USA
3M MMM	-9.32	-138.92%	🇺🇸 USA
Ingersoll Rand IR	52.5	119.03%	🇮🇪 Ireland
John Bean Technologies JBT	5.81	-75.77%	🇺🇸 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.