P/E ratio for Illinois Tool Works (ITW)
P/E ratio as of April 2024 (TTM): 24.0
According to Illinois Tool Works 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24. At the end of 2022 the company had a P/E ratio of 22.5.
P/E ratio history for Illinois Tool Works from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.5 | -22.2% |
| 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 | -35.23% |
| 2010 | 17.2 | -32.74% |
| 2009 | 25.5 | 114.12% |
| 2008 | 11.9 | -24.51% |
| 2007 | 15.8 | -7.17% |
| 2006 | 17.0 | -25.24% |
| 2005 | 22.8 | -45.73% |
| 2004 | 41.9 | 66.93% |
| 2003 | 25.1 | -10.14% |
| 2002 | 28.0 | -20.28% |
| 2001 | 35.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 24.5 | 1.95% | 🇺🇸 USA |
 Parker-Hannifin
PH | 30.1 | 25.22% | 🇺🇸 USA |
 3M MMM | -6.85 | -128.55% | 🇺🇸 USA |
 Flowserve
FLS | 24.8 | 3.28% | 🇺🇸 USA |
 Ingersoll Rand IR | 48.7 | 102.89% | 🇮🇪 Ireland |
 Middleby MIDD | 16.7 | -30.21% | 🇺🇸 USA |
 Nordson NDSN | 29.6 | 23.51% | 🇺🇸 USA |
 Lincoln Electric
LECO | 26.3 | 9.67% | 🇺🇸 USA |
 John Bean Technologies JBT | 5.05 | -78.95% | 🇺🇸 USA |
 Graco GGG | 26.7 | 11.37% | 🇺🇸 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.