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	27.5	5.20%	🇺🇸 USA
Graco GGG	28.7	9.82%	🇺🇸 USA
Flowserve FLS	31.5	20.32%	🇺🇸 USA
Lincoln Electric LECO	23.8	-8.93%	🇺🇸 USA
Parker-Hannifin PH	38.1	45.80%	🇺🇸 USA
Middleby MIDD	16.1	-38.56%	🇺🇸 USA
Nordson NDSN	29.1	11.23%	🇺🇸 USA
3M MMM	-9.75	-137.28%	🇺🇸 USA
Ingersoll Rand IR	54.0	106.54%	🇮🇪 Ireland
John Bean Technologies JBT	6.67	-74.48%	🇺🇸 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.