Price to Earnings (P/E)
since 2005
Calculation
Hubbell Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Hubbell Incorporated1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 9, 2023 | 23.63 | = | 240.62 | ÷ | 10.18 | 10.18 | = | 545,900 | ÷ | 53,600,592 | |
| Feb 11, 2022 | 24.97 | = | 183.31 | ÷ | 7.34 | 7.34 | = | 399,500 | ÷ | 54,409,067 | |
| Feb 11, 2021 | 25.41 | = | 164.36 | ÷ | 6.47 | 6.47 | = | 351,200 | ÷ | 54,296,993 | |
| Feb 14, 2020 | 20.03 | = | 147.54 | ÷ | 7.36 | 7.36 | = | 400,900 | ÷ | 54,434,310 | |
| Feb 15, 2019 | 17.98 | = | 118.61 | ÷ | 6.60 | 6.60 | = | 360,200 | ÷ | 54,601,694 | |
| Feb 15, 2018 | 30.74 | = | 136.30 | ÷ | 4.43 | 4.43 | = | 243,100 | ÷ | 54,822,923 | |
| Feb 16, 2017 | 23.11 | = | 122.13 | ÷ | 5.28 | 5.28 | = | 293,000 | ÷ | 55,446,167 | |
| Feb 18, 2016 | 19.01 | = | 92.91 | ÷ | 4.89 | 4.89 | = | 277,300 | ÷ | 56,736,237 | |
| Feb 19, 2015 | 20.49 | = | 113.95 | ÷ | 5.56 | 5.56 | = | 325,300 | ÷ | 58,506,554 | |
| Feb 18, 2014 | 21.86 | = | 120.52 | ÷ | 5.51 | 5.51 | = | 326,500 | ÷ | 59,227,706 | |
| Feb 13, 2013 | 18.66 | = | 94.34 | ÷ | 5.05 | 5.05 | = | 299,700 | ÷ | 59,294,318 | |
| Feb 15, 2012 | 16.65 | = | 74.85 | ÷ | 4.49 | 4.49 | = | 267,900 | ÷ | 59,606,011 | |
| Feb 16, 2011 | 18.44 | = | 66.09 | ÷ | 3.58 | 3.58 | = | 217,200 | ÷ | 60,603,262 | |
| Feb 19, 2010 | 15.85 | = | 47.78 | ÷ | 3.01 | 3.01 | = | 180,100 | ÷ | 59,747,131 | |
| Feb 20, 2009 | 6.76 | = | 26.68 | ÷ | 3.95 | 3.95 | = | 222,700 | ÷ | 56,398,666 | |
| Feb 25, 2008 | 12.81 | = | 46.88 | ÷ | 3.66 | 3.66 | = | 208,300 | ÷ | 56,924,087 | |
| Feb 27, 2007 | 18.80 | = | 49.56 | ÷ | 2.64 | 2.64 | = | 158,100 | ÷ | 59,965,515 | |
| Mar 8, 2006 | 16.95 | = | 46.20 | ÷ | 2.73 | 2.73 | = | 165,100 | ÷ | 60,566,850 |
Based on: 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 Hubbell Inc. Annual Report.
An analysis of the financial metrics from 2006 to 2023 reveals a sustained long-term increase in both market valuation and profitability. The share price grew from 46.20 USD in 2006 to 240.62 USD in 2023, while earnings per share expanded from 2.73 USD to 10.18 USD over the same period.
- Price-to-Earnings (P/E) Ratio Trends
- The P/E ratio experienced significant fluctuations, reflecting varying market sentiment. A notable contraction occurred in February 2009, where the ratio dropped to 6.76, the lowest point in the analyzed period. Following this trough, the ratio generally trended upward, entering a period of heightened valuation between 2017 and 2018, peaking at 30.74 in February 2018.
- Earnings Performance and Market Correlation
- Earnings per share exhibited a consistent growth trajectory, nearly quadrupling over the seventeen-year span. The relationship between earnings and share price suggests that while earnings grew steadily, the share price was subject to more volatile swings. This is evidenced by the P/E ratio's movement; for example, between 2018 and 2019, the P/E ratio decreased from 30.74 to 17.98 despite a substantial increase in earnings per share from 4.43 USD to 6.60 USD, indicating a market correction in valuation multiples.
- Recent Valuation Stability
- From 2020 to 2023, the P/E ratio stabilized within a range of 20.03 to 25.41. This period is characterized by a simultaneous increase in both the share price and earnings per share, suggesting a phase where the market maintained a more consistent valuation multiple relative to the company's profitability.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Hubbell Inc., P/E, long-term trends, comparison to competitors
| Hubbell Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Feb 9, 2023 | 23.63 | — | 19.15 | 27.93 | — | 26.97 | 20.48 | 27.59 |
| Feb 11, 2022 | 24.97 | — | 16.82 | 27.77 | — | 23.14 | 16.70 | 36.79 |
| Feb 11, 2021 | 25.41 | — | 36.80 | 37.46 | 19.67 | 29.63 | 13.44 | — |
| Feb 14, 2020 | 20.03 | — | 12.36 | 18.06 | — | 20.97 | 19.87 | 24.41 |
| Feb 15, 2019 | 17.98 | 21.87 | 12.42 | 15.92 | — | 16.02 | 16.88 | 19.74 |
| Feb 15, 2018 | 30.74 | 24.68 | 126.80 | 11.90 | — | 67.20 | 48.70 | 21.97 |
| Feb 16, 2017 | 23.11 | 20.50 | — | 16.96 | 32.22 | 19.29 | 14.14 | 17.55 |
| Feb 18, 2016 | 19.01 | 14.89 | 18.07 | 13.17 | — | 16.70 | 18.36 | 9.31 |
| Feb 19, 2015 | 20.49 | 19.15 | 14.01 | 18.73 | 17.17 | 19.27 | 16.86 | 17.52 |
| Feb 18, 2014 | 21.86 | 21.10 | 16.25 | 19.35 | 19.59 | 18.91 | 17.56 | 17.51 |
| Feb 13, 2013 | 18.66 | 14.71 | 11.02 | 23.99 | 17.57 | 18.78 | 10.34 | 16.07 |
| Feb 15, 2012 | 16.65 | 14.09 | 15.11 | 12.83 | 15.52 | 22.54 | 10.81 | 15.29 |
| Feb 16, 2011 | 18.44 | 16.17 | 24.14 | 19.59 | 19.49 | 22.48 | 9.58 | 17.84 |
| Feb 19, 2010 | 15.85 | 33.40 | 40.66 | 29.60 | 16.09 | 13.44 | 9.56 | 16.33 |
| Feb 20, 2009 | 6.76 | 11.63 | 4.51 | 5.65 | 6.62 | 8.71 | 8.47 | 9.57 |
| Feb 25, 2008 | 12.81 | 15.99 | 12.54 | 11.89 | 15.45 | 17.07 | 14.15 | 16.61 |
| Feb 27, 2007 | 18.80 | 32.40 | 12.28 | 12.47 | 17.11 | 18.37 | 16.95 | 18.16 |
| Mar 8, 2006 | 16.95 | 22.62 | 17.17 | 12.82 | 21.07 | 20.71 | 17.45 | 18.76 |
Based on: 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)
Hubbell Inc., P/E, long-term trends, comparison to sector (capital goods)
| Hubbell Inc. | Capital Goods | |
|---|---|---|
| Feb 9, 2023 | 23.63 | 40.21 |
| Feb 11, 2022 | 24.97 | 57.31 |
| Feb 11, 2021 | 25.41 | 123.55 |
| Feb 14, 2020 | 20.03 | 39.03 |
| Feb 15, 2019 | 17.98 | 56.00 |
| Feb 15, 2018 | 30.74 | 55.16 |
| Feb 16, 2017 | 23.11 | 23.62 |
| Feb 18, 2016 | 19.01 | 33.10 |
| Feb 19, 2015 | 20.49 | 17.47 |
| Feb 18, 2014 | 21.86 | 18.85 |
| Feb 13, 2013 | 18.66 | 15.74 |
| Feb 15, 2012 | 16.65 | 15.20 |
| Feb 16, 2011 | 18.44 | 18.46 |
| Feb 19, 2010 | 15.85 | 17.22 |
| Feb 20, 2009 | 6.76 | 7.48 |
| Feb 25, 2008 | 12.81 | 15.28 |
| Feb 27, 2007 | 18.80 | 17.63 |
| Mar 8, 2006 | 16.95 | 20.11 |
Based on: 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)
Hubbell Inc., P/E, long-term trends, comparison to industry (industrials)
| Hubbell Inc. | Industrials | |
|---|---|---|
| Feb 9, 2023 | 23.63 | 36.06 |
| Feb 11, 2022 | 24.97 | 35.59 |
| Feb 11, 2021 | 25.41 | — |
| Feb 14, 2020 | 20.03 | 43.95 |
| Feb 15, 2019 | 17.98 | 33.70 |
| Feb 15, 2018 | 30.74 | 29.83 |
| Feb 16, 2017 | 23.11 | 22.92 |
| Feb 18, 2016 | 19.01 | 22.89 |
| Feb 19, 2015 | 20.49 | 18.79 |
| Feb 18, 2014 | 21.86 | 19.13 |
| Feb 13, 2013 | 18.66 | 17.77 |
| Feb 15, 2012 | 16.65 | 15.75 |
| Feb 16, 2011 | 18.44 | 18.72 |
| Feb 19, 2010 | 15.85 | 19.17 |
| Feb 20, 2009 | 6.76 | 9.73 |
| Feb 25, 2008 | 12.81 | 16.93 |
| Feb 27, 2007 | 18.80 | 11.65 |
| Mar 8, 2006 | 16.95 | 50.62 |
Based on: 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).