Textron
TXT
#1122
Rank
$13.99 B
Marketcap
$68.72
Share price
1.45%
Change (1 day)
-8.04%
Change (1 year)

P/E ratio for Textron (TXT)

P/E ratio as of March 2023 (TTM): 18.1

According to Textron's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.1319. At the end of 2018 the company had a P/E ratio of 9.35.

P/E ratio history for Textron from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20189.35-81.16%
201749.6265%
201613.6-18.21%
201516.6-14.57%
201419.5-5.83%
201320.769.74%
201212.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-24.2-233.43%๐Ÿ‡บ๐Ÿ‡ธ USA
21.7 19.82%๐Ÿ‡บ๐Ÿ‡ธ USA
21.0 15.71%๐Ÿ‡บ๐Ÿ‡ธ USA
18.3 0.82%๐Ÿ‡บ๐Ÿ‡ธ USA
-259-1,527.63%๐Ÿ‡บ๐Ÿ‡ธ USA
200 1,001.62%๐Ÿ‡ง๐Ÿ‡ท Brazil
-5.91-132.60%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.