ITW
Illinois Tool Works
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: ITW
- PE Ratio
As at Jul 2, 2026, the ITW stock has a PE ratio of 25.28. This is based on the current EPS of $10.79 and the stock price of $272.76 per share. An increase of 7% has been seen in the P/E ratio compared to the average of 23.6 of the last 4 quarters.
ITW PE ratio history
The mean historical PE ratio of Illinois Tool Works over the last ten years is 24.0. The current 25.28 PE ratio is 5% 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 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 |
|---|---|---|---|---|
| 2025 | 23.41 | 8.48% | $246.3 | $10.52 |
| 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 |
Illinois Tool Works PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 24.12 | 3.03% | $260.29 | $10.79 |
| Dec 2025 | 23.41 | -7.18% | $246.3 | $10.52 |
| 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 |
ITW Price vs fair value
ITW average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, ITW's PE ratio is greater than its 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 25.28, ITW is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 29.79, Illinois Tool Works's P/E is 15% lower.
ITW PE vs peers
ITW's PE ratio is lower than its peer stocks PH and MMM, but it is greater than GGG's. Illinois Tool Works's current PE ratio of 25.28 is below the average of its peers, which is 32.98.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GGG Graco Inc | 24.12 | $12.49B |
| ITW Illinois Tool Works Inc | 25.28 | $78.47B |
| FLS Flowserve Corp | 26.4 | $9.25B |
| LECO Lincoln Electric Holdings Inc | 26.45 | $14.16B |
| DOV DOVER Corp | 26.48 | $28.78B |
| MMM 3M Co | 30.74 | $83.68B |
| NDSN Nordson Corp | 30.83 | $16.18B |
| PH Parker Hannifin Corp | 35.04 | $121.41B |
| FAST Fastenal Co | 42.63 | $55.79B |
| IR Ingersoll Rand Inc | 54.09 | $31.54B |
| MIDD Middleby Corp | N/A | $7.92B |
Frequently asked questions
What is Illinois Tool Works's PE ratio?
The price to earnings ratio for ITW stock is 25.28 as of Jul 2, 2026.
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 23.54.
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 23.67.
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% 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 (Jul 2, 2026), Illinois Tool Works's stock price is $272.76. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $10.79. Therefore, Illinois Tool Works's P/E ratio for today is 25.28. PE RATIO(25.28) = STOCK PRICE($272.76) / TTM EPS($10.79)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.