ITW Illinois Tool Works PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: ITW
- PE Ratio
As at Nov 5, 2025, the ITW stock has a PE ratio of 23.7. This is based on the current EPS of $10.34 and the stock price of $245.06 per share. An increase of 5% has been seen in the P/E ratio compared to the average of 22.5 of the last 4 quarters.
ITW PE ratio history
The mean historical PE ratio of Illinois Tool Works over the last ten years is 23.63. The current 23.7 PE ratio is comparable to 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 Dec 2018 quarter recorded the bottom point at 16.56, with a price of $126.69 and an EPS of $7.65.
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 |
|---|---|---|---|---|
| 2024 | 21.58 | -19.51% | $253.56 | $11.75 |
| 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 |
Illinois Tool Works PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2025 | 25.22 | 16.71% | $260.76 | $10.34 |
| Jun 2025 | 21.61 | -0.6% | $247.25 | $11.44 |
| Mar 2025 | 21.74 | 0.74% | $248.01 | $11.41 |
| Dec 2024 | 21.58 | -4.47% | $253.56 | $11.75 |
| 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 |
ITW Price vs fair value
ITW average PE ratio chart
Currently, ITW's PE ratio is greater than its 3 and 10-year historical averages, but it is below the 5-year average.
PE comparison
With a P/E of 23.7, ITW is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 25.78, Illinois Tool Works's P/E is 8% lower.
ITW PE vs peers
ITW's PE ratio is lower than its peer stocks PH and MMM, but it is greater than DOV's and FLS's. Illinois Tool Works's current PE ratio of 23.7 is below the average of its peers, which is 27.89.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DOV DOVER Corp | 10.99 | $24.64B |
| MIDD Middleby Corp | 16.25 | $6.54B |
| FLS Flowserve Corp | 20.2 | $8.89B |
| ITW Illinois Tool Works Inc | 23.7 | $71.07B |
| LECO Lincoln Electric Holdings Inc | 24.27 | $12.57B |
| MMM 3M Co | 25.98 | $87.08B |
| GGG Graco Inc | 27.59 | $13.63B |
| NDSN Nordson Corp | 29.16 | $13.11B |
| PH Parker Hannifin Corp | 29.69 | $103.5B |
| FAST Fastenal Co | 39.32 | $47.85B |
| IR Ingersoll Rand Inc | 57.65 | $30.98B |
Frequently asked questions
What is Illinois Tool Works's PE ratio?
The price to earnings ratio for ITW stock is 23.7 as of Nov 5, 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 24.55.
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 0.3% above 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 (Nov 5, 2025), Illinois Tool Works's stock price is $245.06. The earnings per share for the trailing twelve months (TTM) ending Sep 2025 is $10.34. Therefore, Illinois Tool Works's P/E ratio for today is 23.7. PE RATIO(23.7) = STOCK PRICE($245.06) / TTM EPS($10.34)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.