Illinois Tool Works
ITW
#248
Rank
$71.89 B
Marketcap
$240.94
Share price
1.13%
Change (1 day)
0.49%
Change (1 year)

P/E ratio for Illinois Tool Works (ITW)

P/E ratio as of June 2024 (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 23.0406. 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
202222.5-22.2%
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%
201111.1-35.23%
201017.2-32.74%
200925.5114.12%
200811.9-24.51%
200715.8-7.17%
200617.0-25.24%
200522.8-45.73%
200441.966.93%
200325.1-10.14%
200228.0-20.28%
200135.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.2 5.11%๐Ÿ‡บ๐Ÿ‡ธ USA
28.6 24.17%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.60-132.96%๐Ÿ‡บ๐Ÿ‡ธ USA
25.4 10.29%๐Ÿ‡บ๐Ÿ‡ธ USA
48.3 109.84%๐Ÿ‡ฎ๐Ÿ‡ช Ireland
14.7-36.20%๐Ÿ‡บ๐Ÿ‡ธ USA
25.8 11.82%๐Ÿ‡บ๐Ÿ‡ธ USA
21.4-7.25%๐Ÿ‡บ๐Ÿ‡ธ USA
5.41-76.50%๐Ÿ‡บ๐Ÿ‡ธ USA
25.6 11.02%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.