As at Jul 25, 2024, the ITW stock has a PE ratio of 23.98. This is based on the current EPS of $10.17 and the stock price of $243.83 per share. A decrease of 4.2% has been seen in the P/E ratio compared to the average of 25.0 of the last 4 quarters.
The mean historical PE ratio of Illinois Tool Works over the last ten years is 22.6. The current 23.98 PE ratio is 6% 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: 59.34% in 2017
Maximum annual decrease: -51.37% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 26.81 | 19.26% |
| 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% |
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 FAST, but it is greater than DOV's and LECO's. Illinois Tool Works's current PE ratio of 23.98 is below the average of its peers, which is 27.79.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DOV DOVER Corp | 17.17 | $25.46B |
| MIDD Middleby Corp | 18.19 | $7.08B |
| LECO Lincoln Electric Holdings Inc | 22 | $11.97B |
| ITW Illinois Tool Works Inc | 24.34 | $73.85B |
| PH Parker Hannifin Corp | 25.74 | $71.29B |
| GGG Graco Inc | 28.42 | $14.26B |
| FLS Flowserve Corp | 28.48 | $6.67B |
| NDSN Nordson Corp | 29.04 | $14.09B |
| FAST Fastenal Co | 35.01 | $40.3B |
| IR Ingersoll Rand Inc | 49.1 | $39.82B |
| MMM 3M Co | N/A | $70.37B |
The price to earnings ratio for ITW stock is 23.98 as of Jul 25, 2024.
Over the last 3 years, the average price to earnings ratio for ITW stock is 24.21.
Over the last 5 years, the average price to earnings ratio for ITW stock is 24.83.
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 6% 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 (Jul 25, 2024), Illinois Tool Works's stock price is $243.83. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $10.17. Therefore, Illinois Tool Works's P/E ratio for today is 23.98. PE RATIO(23.98) = STOCK PRICE($243.83) / TTM EPS($10.17)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.