Back to ITW overview

ITW Illinois Tool Works PE ratio, current and historical analysis

As at May 24, 2024, the ITW stock has a PE ratio of 23.61. This is based on the current EPS of $10.17 and the stock price of $240.07 per share. A decrease of 6% has been seen in the P/E ratio compared to the average of 25.0 of the last 4 quarters.

ITW PE ratio history

How has ITW's PE ratio performed in the past

The mean historical PE ratio of Illinois Tool Works over the last ten years is 22.36. The current 23.61 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.

Average
22.36
Median
22.39
Minimum
11.91
Maximum
34.05

Illinois Tool Works PE ratio by year

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%

ITW average PE ratio chart

What is the average PE ratio of ITW for the past years

Currently, ITW's PE ratio is greater than its 10-year historical average, but it is below the 3 and 5-year averages.

3-year avg
24.4
5-year avg
24.6
10-year avg
22.36
15-year avg
20.29

ITW PE vs peers

What is ITW's PE ratio compared to its peers

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 23.61 is below the average of its peers, which is 27.11.

Stock name PE ratio Market cap
MIDD Middleby Corp 17.23 $6.71B
DOV DOVER Corp 17.59 $25.31B
LECO Lincoln Electric Holdings Inc 21.18 $11.52B
ITW Illinois Tool Works Inc 23.61 $71.64B
PH Parker Hannifin Corp 24.59 $68.1B
GGG Graco Inc 27.34 $13.78B
FLS Flowserve Corp 27.81 $6.52B
NDSN Nordson Corp 28.09 $13.63B
FAST Fastenal Co 32.68 $37.8B
IR Ingersoll Rand Inc 47.51 $38.53B
MMM 3M Co N/A $55.15B

Frequently asked questions

What is Illinois Tool Works's PE ratio?

The price to earnings ratio for ITW stock is 23.61 as of May 24, 2024.

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 24.4.

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 24.6.

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 6% 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 (May 24, 2024), Illinois Tool Works's stock price is $240.07. 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 23.61. PE RATIO(23.61) = STOCK PRICE($240.07) / TTM EPS($10.17)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.