Price to Earnings (P/E)
since 2005
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Eaton Corp. plc pages available for free this week:
- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Aggregate Accruals
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Calculation
Eaton Corp. plc, P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Eaton ordinary shareholders1 (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 Trends
- The share price experienced significant fluctuations over the period. Initially, there was a moderate increase from $34.65 in March 2006 to $40.5 in February 2007, followed by stability around $40.32 in 2008. A sharp decline occurred in 2009 to $18.08. Subsequently, a strong recovery and steady upward trend took place, reaching $53.47 in 2011 and peaking at $75.78 in 2014. After some volatility, the price showed continuous growth from 2016 onwards, dramatically rising from $96.58 in 2020 to an impressive $289 by February 2024, maintaining a similar level in early 2025.
- Earnings Per Share (EPS) Patterns
- EPS demonstrated volatility but with an overall upward trajectory. After a rise from $2.7 in 2006 to a peak of $3.39 in 2008, EPS fell sharply to $1.15 in 2010. Following this, earnings improved steadily, reaching a notable high of $6.78 in 2018 before a brief dip to $3.54 in 2021. From that point, EPS resumed growth, peaking at $9.68 in early 2025, representing strong earnings expansion in the most recent years.
- Price-to-Earnings (P/E) Ratio Movements
- The P/E ratio oscillated considerably across the periods. Initial values hovered around 12-13 until 2008, then dropped dramatically to 5.65 in 2009, reflecting the steep share price fall against relatively stable earnings. In 2010, the ratio spiked to nearly 30 due to a dip in EPS. Subsequently, the P/E trended downward and upward intermittently, staying mostly between 11 and 24 until 2019. From 2020 onwards, higher P/E ratios appeared, peaking at 37.46 in 2021, indicating heightened market valuation relative to earnings, likely reflecting investor optimism. The ratio slightly decreased but remained elevated around 30 by early 2025.
- Overall Insights
- The data reveals that the company experienced substantial volatility during the late 2000s, likely influenced by external market factors, with both share price and earnings under pressure. Since the early 2010s, recovery and growth are evident, with the more recent years characterized by strong earnings growth and share price appreciation. The elevated P/E ratios in the latest periods suggest increased market confidence and a willingness to pay a premium for earnings, consistent with a growth phase or positive outlook. However, the fluctuations in P/E highlight varying market sentiment and valuation adjustments over time.
Comparison to Competitors
Eaton Corp. plc, P/E, 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/E, 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/E, 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).