Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Price to Sales (P/S) 
since 2005

Microsoft Excel

Calculation

Honeywell International Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Honeywell International Inc. Annual Report.


The financial data over the analyzed periods reveals several noteworthy trends in key indicators such as share price, sales per share, and the price-to-sales (P/S) ratio.

Share Price
From 2006 to 2025, the share price demonstrated an overall upward trajectory with periods of volatility. Initially, the price rose from $41.27 in 2006 to a peak around $60 in 2012, followed by a steady increase reaching $104.38 in 2015. A marked rise continued through 2018, peaking at $148.61, and then a significant leap to $180.81 by 2020. The highest value appeared in 2021 at $203.57, followed by a slight decline and stabilization around the 200 mark through 2025. Despite some fluctuations, the long-term trend indicates substantial capital appreciation.
Sales Per Share
Sales per share showed a generally positive trend with some fluctuations. Starting at $33.29 in 2006, it increased steadily to $49.72 in 2009, before experiencing a dip to $40.43 in 2010. Subsequently, sales per share recovered and stabilized in the mid-range $50s from 2013 onward, with modest growth leading to $59.24 in 2025. Notably, there were declines in sales per share around 2015 and 2020, suggesting possible impacts from external or operational challenges in those periods.
Price-to-Sales (P/S) Ratio
The P/S ratio exhibited significant variability reflecting changes in investor valuation relative to sales performance. Initially low in the range of approximately 1.2 from 2006 through 2008, the ratio sharply dipped to 0.66 in 2009, likely during a period of market stress. Afterwards, it rebounded strongly, rising from 0.94 in 2010 to a peak of 4.34 in 2020, indicating increasing investor willingness to pay a premium relative to sales. Although there were minor corrections thereafter, the ratio remained elevated above 3.4 through 2025, signaling sustained confidence or expectations of future growth.

Overall, the data depicts a company experiencing growth in both share price and sales per share over the long term, accompanied by increasing market valuation multiples. The fluctuations observed correspond with known market cycles, including downturns around 2009 and 2020. The sustained elevated P/S ratios in recent years could suggest optimistic market sentiment regarding the company’s prospects beyond current sales figures.


Comparison to Competitors

Honeywell International Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Capital Goods)

Honeywell International Inc., P/S, long-term trends, comparison to sector (capital goods)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Industrials)

Honeywell International Inc., P/S, long-term trends, comparison to industry (industrials)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).