Eaton
ETN
#112
Rank
NZ$241.30 B
Marketcap
$610.59
Share price
-0.96%
Change (1 day)
60.73%
Change (1 year)

P/E ratio for Eaton (ETN)

P/E ratio as of November 2024 (TTM): 47.6

According to Eaton's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.598. At the end of 2022 the company had a P/E ratio of 25.4.

P/E ratio history for Eaton from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202225.4-20.81%
202132.1-6.42%
202034.390.98%
201918.029.05%
201813.918.63%
201711.7-25.98%
201615.929.53%
201512.2-31.71%
201417.9-7.42%
201319.426.91%
201215.339.54%
201110.9-40.52%
201018.4-32.94%
200927.4263.54%
20087.54-47.48%
200714.420.81%
200611.9-5.01%
200512.5-26.66%
200417.1-17.97%
200320.86.28%
200219.6-36.07%
200130.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
36.5-23.34%๐Ÿ‡บ๐Ÿ‡ธ USA
5.51-88.42%๐Ÿ‡บ๐Ÿ‡ธ USA
34.8-26.98%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.