Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Eaton Corp. plc, 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 Eaton Corp. plc Annual Report.


Share Price Trend
The share price shows notable volatility and a generally upward trend over the examined period. Initially, the price was 34.65 US$ in March 2006, increasing to a peak level of 40.5 US$ in February 2007. This was followed by a significant decline to 18.08 US$ in February 2009. From that point, the share price recovered strongly, reaching a new peak of 132.68 US$ in February 2021. The trend continued upwards with prices peaking at 290.38 US$ in February 2025, reflecting substantial growth in market valuation in the latter years.
Sales per Share Trend
Sales per share fluctuated but displayed an overall moderate growth during the period. Starting at 37.32 US$ in March 2006, sales per share witnessed increases and decreases, such as dropping to 34.62 US$ in February 2013 and rising to 58.06 US$ in February 2024. The highest observed sales per share was 63.46 US$ in February 2025, indicating a roughly 70% increase from the start of the period. This suggests growing revenue generation capacity relative to the number of shares outstanding.
Price-to-Sales (P/S) Ratio Analysis
The P/S ratio exhibits a pattern of variation aligned with movements in share price and sales per share, with a clear upward trajectory beginning around 2009. The ratio fell sharply from around 0.93-0.96 in 2006-2007 to a low of 0.39 in February 2009, likely triggered by the share price drop during that period. Subsequently, the P/S ratio steadily increased, surpassing 1.0 in 2010 and reaching 4.98 in February 2024, slightly descending to 4.58 in February 2025. This suggests escalating investor willingness to pay a premium over sales, possibly reflecting increased growth expectations or improved profitability metrics not directly captured here.
Overall Insights
The data indicates that although sales per share grew at a moderate pace, the share price appreciation was disproportionately higher, particularly from 2010 onwards. This resulted in a rising P/S ratio, which could imply enhanced market sentiment, improved operational efficiency, or strategic advancements that increased the company's valuation multiple. The notable share price recovery post-2009 and sustained increase through 2025 points to significant investor confidence and potentially strong underlying fundamentals.

Comparison to Competitors

Eaton Corp. plc, 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)


Comparison to Industry (Industrials)