ECL Ecolab PE ratio, current and historical analysis
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- PE Ratio
The price-to-earnings ratio for Ecolab stock stands at 36.27 as of Jul 18, 2025. This is based on the current EPS of $7.41 and the stock price of $268.75 per share. An increase of 3% has been recorded in the P/E ratio compared to the average of 35.2 of the last 4 quarters.
ECL PE ratio history
Over the last ten years, the average PE ratio of Ecolab has been 36.3. The current 36.27 PE ratio is comparable to the historical average. In the past ten years, ECL's PE ratio was at its highest in the Dec 2021 quarter at 59.39, with a price of $234.59 and an EPS of $3.95. The Dec 2017 quarter recorded the bottom point at 25.8, with a price of $134.18 and an EPS of $5.2.
Ecolab PE ratio history chart
Ecolab PE ratio by year
Maximum annual increase: 33.5% in 2011
Maximum annual decrease: -36% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 31.54 | -23.35% | $234.32 | $7.43 |
| 2023 | 41.15 | 8.26% | $198.35 | $4.82 |
| 2022 | 38.01 | -36% | $145.56 | $3.83 |
| 2021 | 59.39 | N/A | $234.59 | $3.95 |
| 2020 | N/A | N/A | $216.36 | -$4.2 |
| 2019 | 35.67 | 19.82% | $192.99 | $5.41 |
| 2018 | 29.77 | 15.39% | $147.35 | $4.95 |
| 2017 | 25.8 | -7.56% | $134.18 | $5.2 |
| 2016 | 27.91 | -17.52% | $117.22 | $4.2 |
| 2015 | 33.84 | 29.85% | $114.38 | $3.38 |
| 2014 | 26.06 | -19.27% | $104.52 | $4.01 |
| 2013 | 32.28 | 8.21% | $104.27 | $3.23 |
| 2012 | 29.83 | 0.61% | $71.9 | $2.41 |
| 2011 | 29.65 | 33.5% | $57.81 | $1.95 |
| 2010 | 22.21 | -12.32% | $50.42 | $2.27 |
Ecolab PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 34.21 | 8.47% | $253.52 | $7.41 |
| Dec 2024 | 31.54 | -11.18% | $234.32 | $7.43 |
| Sep 2024 | 35.51 | -10.33% | $255.33 | $7.19 |
| Jun 2024 | 39.6 | -6.54% | $238 | $6.01 |
| Mar 2024 | 42.37 | 2.96% | $230.9 | $5.45 |
| Dec 2023 | 41.15 | 5.19% | $198.35 | $4.82 |
| Sep 2023 | 39.12 | -13.45% | $169.4 | $4.33 |
| Jun 2023 | 45.2 | 10.59% | $186.69 | $4.13 |
| Mar 2023 | 40.87 | 7.52% | $165.53 | $4.05 |
| Dec 2022 | 38.01 | 3.97% | $145.56 | $3.83 |
| Sep 2022 | 36.56 | -8.21% | $144.42 | $3.95 |
| Jun 2022 | 39.83 | -12.69% | $153.76 | $3.86 |
| Mar 2022 | 45.62 | -23.19% | $176.56 | $3.87 |
| Dec 2021 | 59.39 | 12.16% | $234.59 | $3.95 |
| Sep 2021 | 52.95 | -5.65% | $208.62 | $3.94 |
ECL Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
ECL average PE ratio chart
The current PE ratio of ECL is lower than the 3, 5 and 10-year averages.
PE vs average
ECL PE vs peers
ECL's PE ratio is lower than its peer stock CHD, but it is greater than PG's and PPG's. Ecolab is presently trading at a higher PE ratio (36.27) than its peer group average of 26.33.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NEU Newmarket Corp | 14.43 | $6.84B |
| CLX Clorox Co | 22.6 | $15.6B |
| PG PROCTER & GAMBLE Co | 24 | $363.47B |
| PPG Ppg Industries Inc | 24.37 | $26B |
| MOS Mosaic Co | 30.63 | $11.27B |
| ECL Ecolab Inc | 36.18 | $76.01B |
| CHD Church & Dwight Co Inc | 40.89 | $23.76B |
| IFF International Flavors & Fragrances Inc | N/A | $19.5B |
| DD DuPont de Nemours Inc | N/A | $31.78B |
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Frequently asked questions
What is Ecolab's PE ratio?
As of Jul 18, 2025, ECL stock has a price to earnings ratio of 36.27.
What is the 3-year average PE ratio for Ecolab (ECL)?
The 3-year average PE ratio for ECL stock is 38.56.
What is the 5-year average PE ratio for Ecolab (ECL)?
The 5-year average PE ratio for ECL stock is 42.38.
What is the highest PE ratio for ECL?
Over the last ten years, the quarterly PE ratio reached a historic high of 59.39 in the Dec 2021 quarter.
How does the current PE ratio for ECL compare to its historical average?
ECL's current price to earnings ratio is 0.1% below its 10-year historical average.
How is ECL's PE ratio calculated (Ecolab PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jul 18, 2025), Ecolab's stock price is $268.75. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $7.41. Therefore, Ecolab's P/E ratio for today is 36.27. PE RATIO(36.27) = STOCK PRICE($268.75) / TTM EPS($7.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.