Raytheon Technologies
RTX
#102
Rank
$138.57 B
Marketcap
$104.23
Share price
-0.76%
Change (1 day)
6.36%
Change (1 year)

P/E ratio for Raytheon Technologies (RTX)

P/E ratio as of June 2024 (TTM): 48.2

According to Raytheon Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.1789. At the end of 2022 the company had a P/E ratio of 28.7.

P/E ratio history for Raytheon Technologies from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202228.7-14.05%
202133.4-211.48%
2020-29.9-305.4%
201914.643.91%
201810.1-27.25%
201713.924.44%
201611.262.19%
20156.89-33.99%
201410.4-7.4%
201311.325.21%
20129.019.46%
20118.23-19.94%
201010.3-1.88%
200910.555.27%
20086.75-38.65%
200711.06.49%
200610.3-8.87%
200511.3-33.32%
200417.0180.65%
20036.05-27.46%
20028.35-16.68%
200110.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.5-76.17%๐Ÿ‡บ๐Ÿ‡ธ USA
48.2 0.00%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.