P/E ratio for Textron (TXT)
P/E ratio as of April 2024 (TTM): 19.7
According to Textron's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.7399. At the end of 2022 the company had a P/E ratio of 17.5.
P/E ratio history for Textron from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.5 | -24.59% |
| 2021 | 23.2 | -35.24% |
| 2020 | 35.8 | 181.74% |
| 2019 | 12.7 | 35.85% |
| 2018 | 9.35 | -81.16% |
| 2017 | 49.6 | 265% |
| 2016 | 13.6 | -18.21% |
| 2015 | 16.6 | -14.57% |
| 2014 | 19.5 | -5.83% |
| 2013 | 20.7 | 69.74% |
| 2012 | 12.2 | -45.99% |
| 2011 | 22.5 | -70.43% |
| 2010 | 76.3 | -140.54% |
| 2009 | -188 | -2771.64% |
| 2008 | 7.04 | -63.81% |
| 2007 | 19.5 | -2.28% |
| 2006 | 19.9 | -60.95% |
| 2005 | 51.0 | 83.75% |
| 2004 | 27.7 | -7.13% |
| 2003 | 29.9 | 80.68% |
| 2002 | 16.5 | -53.34% |
| 2001 | 35.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Boeing BA | -36.2 | -283.48% | 🇺🇸 USA |
 Lockheed Martin LMT | 16.6 | -15.89% | 🇺🇸 USA |
 AAR AIR | 32.7 | 65.44% | 🇺🇸 USA |
 General Dynamics GD | 23.6 | 19.73% | 🇺🇸 USA |
 AeroVironment AVAV | -25.4 | -228.80% | 🇺🇸 USA |
 Embraer ERJ | -932 | -4,819.06% | 🇧🇷 Brazil |
 Spirit AeroSystems SPR | -3.72 | -118.87% | 🇺🇸 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.