ITW Illinois Tool Works PE ratio, current and historical analysis
As at Feb 4, 2025, the ITW stock has a PE ratio of 21.96. This is based on the current EPS of $11.6 and the stock price of $254.68 per share. A decrease of 11% has been seen in the P/E ratio compared to the average of 24.7 of the last 4 quarters.
ITW PE ratio history
The mean historical PE ratio of Illinois Tool Works over the last ten years is 23.13. The current 21.96 PE ratio is 5% below 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 Mar 2015 quarter recorded the bottom point at 13.04, with a price of $97.14 and an EPS of $7.45.
Illinois Tool Works PE ratio by year
Maximum annual increase: 124.72% in 2013
Maximum annual decrease: -51.37% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2023 | 26.81 | 19.26% | $261.94 | $9.77 |
| 2022 | 22.48 | -22.13% | $220.3 | $9.8 |
| 2021 | 28.87 | -5.68% | $246.8 | $8.55 |
| 2020 | 30.61 | 32.57% | $203.88 | $6.66 |
| 2019 | 23.09 | 39.43% | $179.63 | $7.78 |
| 2018 | 16.56 | -51.37% | $126.69 | $7.65 |
| 2017 | 34.05 | 59.34% | $166.85 | $4.9 |
| 2016 | 21.37 | 18.99% | $122.46 | $5.73 |
| 2015 | 17.96 | 39.01% | $92.68 | $5.16 |
| 2014 | 12.92 | -42.22% | $94.7 | $7.33 |
| 2013 | 22.36 | 124.72% | $84.08 | $3.76 |
| 2012 | 9.95 | -10.36% | $60.81 | $6.11 |
| 2011 | 11.1 | -37.64% | $46.71 | $4.21 |
| 2010 | 17.8 | -28.05% | $53.4 | $3 |
| 2009 | 24.74 | 106.86% | $47.99 | $1.94 |
Illinois Tool Works PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2024 | 22.59 | -2.46% | $262.07 | $11.6 |
| Jun 2024 | 23.16 | -12.21% | $236.96 | $10.23 |
| Mar 2024 | 26.38 | -1.6% | $268.33 | $10.17 |
| Dec 2023 | 26.81 | 20.22% | $261.94 | $9.77 |
| Sep 2023 | 22.3 | -9.61% | $230.31 | $10.33 |
| Jun 2023 | 24.67 | 1.52% | $250.16 | $10.14 |
| Mar 2023 | 24.3 | 8.1% | $243.45 | $10.02 |
| Dec 2022 | 22.48 | 9.39% | $220.3 | $9.8 |
| Sep 2022 | 20.55 | -4.6% | $180.65 | $8.79 |
| Jun 2022 | 21.54 | -12.05% | $182.25 | $8.46 |
| Mar 2022 | 24.49 | -15.17% | $209.4 | $8.55 |
| Dec 2021 | 28.87 | 20.69% | $246.8 | $8.55 |
| Sep 2021 | 23.92 | -9.6% | $206.63 | $8.64 |
| Jun 2021 | 26.46 | -16.4% | $223.56 | $8.45 |
| Mar 2021 | 31.65 | 3.4% | $221.52 | $7 |
ITW average PE ratio chart
Currently, ITW's PE ratio is below the 3, 5 and 10-year averages.
ITW PE vs peers
ITW's PE ratio is lower than its peer stocks PH and FAST, but it is greater than MMM's and DOV's. Illinois Tool Works's current PE ratio of 21.96 is below the average of its peers, which is 27.86.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DOV DOVER Corp | 18.04 | $27.84B |
| MMM 3M Co | 19.1 | $82.6B |
| ITW Illinois Tool Works Inc | 21.96 | $75.21B |
| LECO Lincoln Electric Holdings Inc | 22.8 | $10.91B |
| MIDD Middleby Corp | 23.22 | $9.12B |
| NDSN Nordson Corp | 26.58 | $12.38B |
| PH Parker Hannifin Corp | 28.09 | $88.81B |
| GGG Graco Inc | 28.93 | $14.17B |
| FLS Flowserve Corp | 30.63 | $8.21B |
| FAST Fastenal Co | 36.41 | $41.93B |
| IR Ingersoll Rand Inc | 44.76 | $37.34B |
Frequently asked questions
What is Illinois Tool Works's PE ratio?
The price to earnings ratio for ITW stock is 21.96 as of Feb 4, 2025.
What is the 3-year average PE ratio for Illinois Tool Works (ITW)?
Over the last 3 years, the average price to earnings ratio for ITW stock is 23.57.
What is the 5-year average PE ratio for Illinois Tool Works (ITW)?
Over the last 5 years, the average price to earnings ratio for ITW stock is 24.94.
What is the highest PE ratio for ITW?
The highest quarterly PE ratio in the last ten years has been 34.05 and it was in the Dec 2017 quarter.
How does the current PE ratio for ITW compare to its historical average?
ITW's current price to earnings ratio is 5% below its 10-year historical average.
How is ITW's PE ratio calculated (Illinois Tool Works PE ratio formula)?
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 (Feb 4, 2025), Illinois Tool Works's stock price is $254.68. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $11.6. Therefore, Illinois Tool Works's P/E ratio for today is 21.96. PE RATIO(21.96) = STOCK PRICE($254.68) / TTM EPS($11.6)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.