Price to Book Value (P/BV)
since 2005
Paying user area
Try for free
Eaton Corp. plc pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Eaton Corp. plc for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
Eaton Corp. plc, P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Eaton shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 10, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Eaton Corp. plc Annual Report.
- Share Price
- The share price exhibited significant volatility over the analyzed period. Initially, it increased from $34.65 in March 2006 to peak levels above $50 in 2011. This was followed by a notable decline to approximately $18 in early 2009, coinciding with the financial crisis period, demonstrating its sensitivity to macroeconomic conditions. After this trough, there was a steady recovery and upward trend, reaching $75.78 in 2014. The subsequent years saw oscillations, with a dip around 2016 followed by a renewed upward momentum. From 2018 onward, the share price demonstrated robust growth, culminating in a sharp rise to $289 by February 2024 and marginally higher at $290.38 in February 2025, marking the highest valuation in the observed timeline.
- Book Value Per Share (BVPS)
- BVPS showed a consistent upward trend, generally indicating growth in the company's net asset value per share over time. Starting at $12.69 in 2006, the book value increased steadily, reaching the low $20s by 2011. A marked acceleration occurred from 2012 onwards, with values climbing into the $30s and $40s by 2022-2023. There was a slight fluctuation around 2014-2016 where BVPS slightly decreased but quickly resumed growth. By 2024 and 2025, BVPS settled at approximately $47, signaling a more than threefold increase across the span of nearly two decades.
- Price-to-Book Value Ratio (P/BV)
- The price-to-book ratio demonstrated considerable variation, reflecting changing market perceptions of the company’s value relative to its book value. Initially, the ratio hovered around the mid-2 range, with a significant dip to below 1 (0.95) in 2009, aligning with the sharp share price decline during the economic downturn. Post-2009, P/BV rose steadily, fluctuating between approximately 1.7 and 2.5 through 2010 to 2017. From 2018 onwards, an upward trend is evident, with the ratio climbing markedly from around 2.0 to over 6.0 by 2025. This suggests that the market increasingly valued the company’s shares at a substantial premium relative to book value, possibly reflecting heightened investor confidence, greater anticipated future growth, or other qualitative factors affecting valuation.
- Summary of Trends and Insights
- Overall, the data reveals a company that has experienced significant growth in intrinsic value (as per BVPS) accompanied by increased market valuation. The share price has been volatile, impacted by broader economic events, but shows strong long-term appreciation, particularly in recent years. The P/B ratio's increase to above 6 indicates that investors are willing to pay a considerably higher price relative to the net book value, which may indicate expectations of strong future earnings or strategic positioning. The dip in P/B ratio around 2009 reflects market stress, while the subsequent recovery and rise underline regained and expanding investor confidence.
Comparison to Competitors
Eaton Corp. plc, P/BV, long-term trends, comparison to competitors
| Eaton Corp. plc | Boeing Co. | Caterpillar Inc. | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|
| Feb 27, 2025 | |||||||
| Feb 29, 2024 | |||||||
| Feb 23, 2023 | |||||||
| Feb 23, 2022 | |||||||
| Feb 24, 2021 | |||||||
| Feb 26, 2020 | |||||||
| Feb 27, 2019 | |||||||
| Feb 28, 2018 | |||||||
| Feb 22, 2017 | |||||||
| Feb 24, 2016 | |||||||
| Feb 26, 2015 | |||||||
| Feb 26, 2014 | |||||||
| Feb 28, 2013 | |||||||
| Feb 24, 2012 | |||||||
| Feb 25, 2011 | |||||||
| Feb 26, 2010 | |||||||
| Feb 27, 2009 | |||||||
| Feb 29, 2008 | |||||||
| Feb 28, 2007 | |||||||
| Mar 10, 2006 |
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)
Eaton Corp. plc, P/BV, long-term trends, comparison to sector (capital goods)
| Eaton Corp. plc | Capital Goods | |
|---|---|---|
| Feb 27, 2025 | ||
| Feb 29, 2024 | ||
| Feb 23, 2023 | ||
| Feb 23, 2022 | ||
| Feb 24, 2021 | ||
| Feb 26, 2020 | ||
| Feb 27, 2019 | ||
| Feb 28, 2018 | ||
| Feb 22, 2017 | ||
| Feb 24, 2016 | ||
| Feb 26, 2015 | ||
| Feb 26, 2014 | ||
| Feb 28, 2013 | ||
| Feb 24, 2012 | ||
| Feb 25, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 29, 2008 | ||
| Feb 28, 2007 | ||
| Mar 10, 2006 |
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)
Eaton Corp. plc, P/BV, long-term trends, comparison to industry (industrials)
| Eaton Corp. plc | Industrials | |
|---|---|---|
| Feb 27, 2025 | ||
| Feb 29, 2024 | ||
| Feb 23, 2023 | ||
| Feb 23, 2022 | ||
| Feb 24, 2021 | ||
| Feb 26, 2020 | ||
| Feb 27, 2019 | ||
| Feb 28, 2018 | ||
| Feb 22, 2017 | ||
| Feb 24, 2016 | ||
| Feb 26, 2015 | ||
| Feb 26, 2014 | ||
| Feb 28, 2013 | ||
| Feb 24, 2012 | ||
| Feb 25, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 29, 2008 | ||
| Feb 28, 2007 | ||
| Mar 10, 2006 |
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).