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 |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Boeing BA | -24.2 | -233.43% | 🇺🇸 USA |
 Lockheed Martin LMT | 21.7 | 19.82% | 🇺🇸 USA |
 AAR AIR | 21.0 | 15.71% | 🇺🇸 USA |
 General Dynamics GD | 18.3 | 0.82% | 🇺🇸 USA |
 AeroVironment AVAV | -259 | -1,527.63% | 🇺🇸 USA |
 Embraer ERJ | 200 | 1,001.62% | 🇧🇷 Brazil |
 Spirit AeroSystems SPR | -5.91 | -132.60% | 🇺🇸 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.