P/E ratio for Raytheon Technologies (RTX)
P/E ratio as of April 2024 (TTM): 46.7
According to Raytheon Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.656. 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 |
|---|---|---|
| 2022 | 28.7 | -14.05% |
| 2021 | 33.4 | -211.48% |
| 2020 | -29.9 | -305.4% |
| 2019 | 14.6 | 43.91% |
| 2018 | 10.1 | -27.25% |
| 2017 | 13.9 | 24.44% |
| 2016 | 11.2 | 62.19% |
| 2015 | 6.89 | -33.99% |
| 2014 | 10.4 | -7.4% |
| 2013 | 11.3 | 25.21% |
| 2012 | 9.01 | 9.46% |
| 2011 | 8.23 | -19.94% |
| 2010 | 10.3 | -1.88% |
| 2009 | 10.5 | 55.27% |
| 2008 | 6.75 | -38.65% |
| 2007 | 11.0 | 6.49% |
| 2006 | 10.3 | -8.87% |
| 2005 | 11.3 | -33.32% |
| 2004 | 17.0 | 180.65% |
| 2003 | 6.05 | -27.46% |
| 2002 | 8.35 | -16.68% |
| 2001 | 10.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Triumph Group
TGI | 10.6 | -77.35% | 🇺🇸 USA |
 Raytheon Technologies RTX | 46.7 | 0.00% | 🇺🇸 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.