As at Sep 28, 2023, the ITW stock has a PE ratio of 22.88. This is based on the current EPS of $10.14 and the stock price of $232.05 per share. The current PE ratio is comparable to the past four-quarter average.
The mean historical PE ratio of Illinois Tool Works over the last ten years is 21.91. The current 22.88 PE ratio is 4.4% above the historical average. Over the past ten years, ITW's PE ratio was at its highest in the Dec 2017 quarter at 34.05, with a price of $166.85 and an EPS of $4.9. The Sep 2014 quarter recorded the bottom point at 11.91, with a price of $84.42 and an EPS of $7.09.
Maximum annual increase: 124.72% in 2013
Maximum annual decrease: -51.37% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 22.48 | -22.13% |
| 2021 | 28.87 | -5.68% |
| 2020 | 30.61 | 32.57% |
| 2019 | 23.09 | 39.43% |
| 2018 | 16.56 | -51.37% |
| 2017 | 34.05 | 59.34% |
| 2016 | 21.37 | 18.99% |
| 2015 | 17.96 | 39.01% |
| 2014 | 12.92 | -42.22% |
| 2013 | 22.36 | 124.72% |
Currently, ITW's PE ratio is greater than its 10-year historical average, but it is below the 3 and 5-year averages.
ITW's PE ratio is lower than its peer stocks PH and IR, but it is greater than DOV's and LECO's. Illinois Tool Works's current PE ratio of 22.88 is below the average of its peers, which is 24.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MIDD Middleby Corp | 15.2 | $6.88B |
| DOV DOVER Corp | 19.27 | $19.57B |
| LECO Lincoln Electric Holdings Inc | 21.87 | $10.42B |
| FLS Flowserve Corp | 22.27 | $5.29B |
| ITW Illinois Tool Works Inc | 22.7 | $69.6B |
| PH Parker Hannifin Corp | 24.03 | $50.09B |
| GGG Graco Inc | 24.18 | $12.34B |
| NDSN Nordson Corp | 25.66 | $12.8B |
| JBT John Bean Technologies CORP | 26.85 | $3.34B |
| IR Ingersoll Rand Inc | 37 | $25.89B |
| MMM 3M Co | N/A | $51.82B |
The price to earnings ratio for ITW stock is 22.88 as of Sep 28, 2023.
Over the last 3 years, the average price to earnings ratio for ITW stock is 25.73.
Over the last 5 years, the average price to earnings ratio for ITW stock is 23.86.
The highest quarterly PE ratio in the last ten years has been 34.05 and it was in the Dec 2017 quarter.
ITW's current price to earnings ratio is 4.4% above its 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Sep 28, 2023), Illinois Tool Works's stock price is $232.05. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $10.14. Therefore, Illinois Tool Works's P/E ratio for today is 22.88. PE RATIO(22.88) = STOCK PRICE($232.05) / TTM EPS($10.14)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.