Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NYSE:HON)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Historical Valuation Ratios (Summary)

Honeywell International Inc., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Price to earnings (P/E) 29.63 23.23 17.93 15.27 20.97 18.99 17.83 18.25 16.02 43.15 69.21 63.61 67.20 21.71 20.77 19.69 19.29
Price to operating profit (P/OP) 24.86 20.25 17.03 13.96 18.81 17.93 18.94 18.58 16.16 16.46 16.20 15.86 15.55 15.71 15.29 14.30 13.88
Price to sales (P/S) 4.34 3.48 3.04 2.65 3.51 3.24 3.24 3.05 2.59 2.65 2.69 2.71 2.74 2.79 2.63 2.47 2.36
Price to book value (P/BV) 8.07 6.40 5.78 5.46 6.97 6.61 7.00 6.56 5.96 6.23 6.46 6.39 6.44 5.25 5.08 4.77 4.79 4.33 4.69 4.78

Based on: 10-K (filing date: 2021-02-12), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Honeywell International Inc.’s P/E ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Honeywell International Inc.’s P/OP ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Honeywell International Inc.’s P/S ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Honeywell International Inc.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Earnings (P/E)

Honeywell International Inc., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 695,501,159 701,685,768 701,783,165 701,847,786 712,599,803 714,533,499 719,508,043 727,742,035 729,085,890 740,288,303 742,610,527 746,929,832 752,002,033 761,822,773 760,569,169 762,338,156 761,194,241 762,124,709 760,874,673 762,115,463
Selected Financial Data (US$)
Net income attributable to Honeywell (in millions) 1,359  758  1,081  1,581  1,562  1,624  1,541  1,416  1,721  2,338  1,267  1,439  (2,411) 1,348  1,392  1,326  1,034  1,240  1,319  1,216 
Earnings per share (EPS)2 6.87 7.10 8.33 8.99 8.62 8.82 9.75 9.26 9.28 3.56 2.21 2.37 2.20 6.69 6.56 6.45 6.32 0.00 0.00 0.00
Share price1, 3 203.57 164.95 149.43 137.25 180.81 167.52 173.88 169.06 148.61 153.47 153.13 150.57 147.90 145.35 136.35 127.08 121.85 108.96 115.61 114.17
Valuation Ratio
P/E ratio4 29.63 23.23 17.93 15.27 20.97 18.99 17.83 18.25 16.02 43.15 69.21 63.61 67.20 21.71 20.77 19.69 19.29
Benchmarks
P/E Ratio, Competitors5
3M Co. 19.05 18.71 17.43 18.24 20.52 19.30 20.39 19.60 21.51 23.80 27.66 28.95 27.32 24.97 22.50 23.15 21.04
General Electric Co. 19.67 19.55 24.96 30.34 28.65 32.22

Based on: 10-K (filing date: 2021-02-12), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
EPS = (Net income attributable to HoneywellQ4 2020 + Net income attributable to HoneywellQ3 2020 + Net income attributable to HoneywellQ2 2020 + Net income attributable to HoneywellQ1 2020) ÷ No. shares of common stock outstanding
= (1,359,000,000 + 758,000,000 + 1,081,000,000 + 1,581,000,000) ÷ 695,501,159 = 6.87

3 Closing price as at the filing date of Honeywell International Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/E ratio = Share price ÷ EPS
= 203.57 ÷ 6.87 = 29.63

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Honeywell International Inc.’s P/E ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Operating Profit (P/OP)

Honeywell International Inc., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 695,501,159 701,685,768 701,783,165 701,847,786 712,599,803 714,533,499 719,508,043 727,742,035 729,085,890 740,288,303 742,610,527 746,929,832 752,002,033 761,822,773 760,569,169 762,338,156 761,194,241 762,124,709 760,874,673 762,115,463
Selected Financial Data (US$)
Operating income (in millions) 1,676  1,311  1,018  1,691  1,695  1,752  1,762  1,642  1,520  1,682  1,777  1,726  1,716  1,801  1,847  1,787  1,613  1,534  1,841  1,695 
Operating profit per share2 8.19 8.14 8.77 9.83 9.61 9.34 9.18 9.10 9.20 9.32 9.45 9.49 9.51 9.25 8.92 8.89 8.78 0.00 0.00 0.00
Share price1, 3 203.57 164.95 149.43 137.25 180.81 167.52 173.88 169.06 148.61 153.47 153.13 150.57 147.90 145.35 136.35 127.08 121.85 108.96 115.61 114.17
Valuation Ratio
P/OP ratio4 24.86 20.25 17.03 13.96 18.81 17.93 18.94 18.58 16.16 16.46 16.20 15.86 15.55 15.71 15.29 14.30 13.88
Benchmarks
P/OP Ratio, Competitors5
3M Co. 14.32 14.00 13.28 13.53 15.19 14.40 15.08 15.06 15.97 14.87 16.78 16.98 16.97 17.89 16.11 16.37 14.71
General Electric Co. 25.64 11.62 7.77 5.53 9.22 8.22 9.23 8.45 8.57 8.80 10.74 11.56 12.27 14.34 16.15 18.68 19.05

Based on: 10-K (filing date: 2021-02-12), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
Operating profit per share = (Operating incomeQ4 2020 + Operating incomeQ3 2020 + Operating incomeQ2 2020 + Operating incomeQ1 2020) ÷ No. shares of common stock outstanding
= (1,676,000,000 + 1,311,000,000 + 1,018,000,000 + 1,691,000,000) ÷ 695,501,159 = 8.19

3 Closing price as at the filing date of Honeywell International Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 203.57 ÷ 8.19 = 24.86

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Honeywell International Inc.’s P/OP ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Sales (P/S)

Honeywell International Inc., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 695,501,159 701,685,768 701,783,165 701,847,786 712,599,803 714,533,499 719,508,043 727,742,035 729,085,890 740,288,303 742,610,527 746,929,832 752,002,033 761,822,773 760,569,169 762,338,156 761,194,241 762,124,709 760,874,673 762,115,463
Selected Financial Data (US$)
Net sales (in millions) 8,900  7,797  7,477  8,463  9,496  9,086  9,243  8,884  9,729  10,762  10,919  10,392  10,843  10,121  10,078  9,492  9,985  9,804  9,991  9,522 
Sales per share2 46.93 47.36 49.19 51.70 51.51 51.70 53.67 55.37 57.33 57.97 56.93 55.47 53.90 52.08 51.75 51.52 51.63 0.00 0.00 0.00
Share price1, 3 203.57 164.95 149.43 137.25 180.81 167.52 173.88 169.06 148.61 153.47 153.13 150.57 147.90 145.35 136.35 127.08 121.85 108.96 115.61 114.17
Valuation Ratio
P/S ratio4 4.34 3.48 3.04 2.65 3.51 3.24 3.24 3.05 2.59 2.65 2.69 2.71 2.74 2.79 2.63 2.47 2.36
Benchmarks
P/S Ratio, Competitors5
3M Co. 3.19 2.93 2.85 2.80 2.92 2.99 3.11 3.42 3.51 3.28 3.72 3.71 4.19 4.42 3.97 3.88 3.53
General Electric Co. 1.41 0.84 0.71 0.67 1.18 0.94 0.91 0.83 0.82 0.78 0.98 1.06 1.11 1.58 2.02 2.30 2.39

Based on: 10-K (filing date: 2021-02-12), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
Sales per share = (Net salesQ4 2020 + Net salesQ3 2020 + Net salesQ2 2020 + Net salesQ1 2020) ÷ No. shares of common stock outstanding
= (8,900,000,000 + 7,797,000,000 + 7,477,000,000 + 8,463,000,000) ÷ 695,501,159 = 46.93

3 Closing price as at the filing date of Honeywell International Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 203.57 ÷ 46.93 = 4.34

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Honeywell International Inc.’s P/S ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Book Value (P/BV)

Honeywell International Inc., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 695,501,159 701,685,768 701,783,165 701,847,786 712,599,803 714,533,499 719,508,043 727,742,035 729,085,890 740,288,303 742,610,527 746,929,832 752,002,033 761,822,773 760,569,169 762,338,156 761,194,241 762,124,709 760,874,673 762,115,463
Selected Financial Data (US$)
Total Honeywell shareowners’ equity (in millions) 17,549  18,074  18,147  17,644  18,494  18,109  17,870  18,767  18,180  18,239  17,600  17,595  17,276  21,074  20,425  20,323  19,369  19,191  18,771  18,197 
Book value per share (BVPS)2 25.23 25.76 25.86 25.14 25.95 25.34 24.84 25.79 24.94 24.64 23.70 23.56 22.97 27.66 26.85 26.66 25.45 25.18 24.67 23.88
Share price1, 3 203.57 164.95 149.43 137.25 180.81 167.52 173.88 169.06 148.61 153.47 153.13 150.57 147.90 145.35 136.35 127.08 121.85 108.96 115.61 114.17
Valuation Ratio
P/BV ratio4 8.07 6.40 5.78 5.46 6.97 6.61 7.00 6.56 5.96 6.23 6.46 6.39 6.44 5.25 5.08 4.77 4.79 4.33 4.69 4.78
Benchmarks
P/BV Ratio, Competitors5
3M Co. 7.97 7.82 8.24 8.93 9.32 8.92 9.93 11.39 11.75 10.51 11.77 10.91 11.48 11.29 10.46 10.74 10.32 8.23 9.06 8.68
General Electric Co. 2.89 1.95 1.71 1.63 3.66 3.16 2.55 2.52 3.00 2.82 2.06 2.18 1.96 2.33 2.98 3.40 3.47 3.08 3.28 3.04

Based on: 10-K (filing date: 2021-02-12), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
BVPS = Total Honeywell shareowners’ equity ÷ No. shares of common stock outstanding
= 17,549,000,000 ÷ 695,501,159 = 25.23

3 Closing price as at the filing date of Honeywell International Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 203.57 ÷ 25.23 = 8.07

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Honeywell International Inc.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.