The PE ratio for Eaton stock stands at 37.71 as of May 3, 2024. This results from the current EPS of $8.5 and stock price of $320.5. An increase of 21% has been recorded in the PE ratio compared to the average of 31.2 of the last four quarters.
Over the last ten years, the average PE ratio of Eaton has been 20.91. The current 37.71 P/E ratio is 80% higher than the historical average. In the past ten years, ETN's PE ratio peaked in the Mar 2021 quarter at 38.63, with a price of $138.28 and an EPS of $3.58. The Jun 2018 quarter marked the lowest point at 10.51, with a price of $74.74 and an EPS of $7.11.
Maximum annual increase: 90.8% in 2020
Maximum annual decrease: -31.59% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 29.88 | 17.45% |
| 2022 | 25.44 | -20.8% |
| 2021 | 32.12 | -6.16% |
| 2020 | 34.23 | 90.8% |
| 2019 | 17.94 | 28.79% |
| 2018 | 13.93 | 18.35% |
| 2017 | 11.77 | -26.16% |
| 2016 | 15.94 | 29.59% |
| 2015 | 12.3 | -31.59% |
| 2014 | 17.98 | -7.18% |
The current PE ratio of ETN is higher than its 3, 5 and 10-year historical averages.
ETN's PE ratio stands lower than its peer stock RBC, but it is higher than EMR's and AME's. Eaton is presently trading at a higher PE ratio (37.71) than its peer group average of 24.45.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EMR Emerson Electric Co | 5.51 | $60.91B |
| AOS Smith A O Corp | 21.84 | $12.37B |
| AME Ametek Inc | 29.07 | $38.55B |
| ETN Eaton Corp plc | 37.71 | $128.14B |
| RBC RBC Bearings Inc. | 41.39 | $7.3B |
The price to earnings ratio for ETN stock is 37.71 as of May 3, 2024.
As an average over the last 3 years, ETN stock has a PE ratio of 28.44.
As an average over the last 5 years, ETN stock has a PE ratio of 26.57.
Over the last ten years, the quarterly PE ratio reached a historic high of 38.63 in the Mar 2021 quarter.
ETN's price to earnings ratio is currently 80% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), Eaton's stock price is $320.5. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $8.5. Therefore, Eaton's PE ratio for today is 37.71. PE RATIO(37.71) = STOCK PRICE($320.5) / TTM EPS($8.5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.