Price to Earnings (P/E)
since 2005
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- Income Statement
- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
RTX Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to common shareowners1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 6, 2026 | = | ÷ | = | ÷ | |||||||
| Feb 3, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 5, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 7, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 11, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 8, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 6, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 7, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 11, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 5, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 6, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 7, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 11, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 11, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 7, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 8, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-12-31), 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 RTX Corp. Annual Report.
The price-to-earnings (P/E) ratio for the observed period exhibits considerable fluctuation. Initially, from 2006 to 2008, the P/E ratio demonstrated a generally decreasing trend, moving from 18.76 to 16.61. A significant drop occurred in 2009, reaching a low of 9.57, before recovering somewhat to 16.33 in 2010. The period between 2010 and 2015 saw continued volatility, with the ratio oscillating between approximately 9.31 and 17.84. A notable increase began in 2016, peaking at 24.41 in 2019, followed by a sharp decline in 2020, where the P/E ratio is not available due to negative earnings per share. From 2021 onwards, the P/E ratio has remained elevated, fluctuating between 27.59 and 39.61, indicating a potentially increasing valuation relative to earnings.
- Overall Trend
- The P/E ratio does not demonstrate a consistent long-term trend. Instead, it is characterized by periods of relative stability interspersed with significant increases and decreases. The most recent values suggest a higher valuation compared to the earlier part of the observed period.
- Impact of Earnings
- The P/E ratio’s fluctuations are closely linked to changes in earnings per share. The substantial drop in 2009 coincided with a period of economic uncertainty, and the unavailable P/E ratio in 2020 is directly attributable to negative earnings. Increases in earnings generally corresponded with increases in the P/E ratio, although the relationship is not always linear.
- Recent Performance (2021-2026)
- From 2021 to 2026, the P/E ratio has remained consistently above 27, reaching a high of 39.61. This suggests that investors have been willing to pay a premium for each dollar of earnings during this period. The continued high valuation may indicate positive market sentiment or expectations of future growth.
- Volatility
- The P/E ratio exhibits considerable volatility throughout the period. This suggests that the company’s valuation is sensitive to changes in earnings and broader market conditions. The range between the lowest and highest P/E ratios observed is substantial, indicating a degree of risk associated with investing in the company.
Comparison to Competitors
RTX Corp., P/E, long-term trends, comparison to competitors
| RTX Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | |
|---|---|---|---|---|---|---|---|
| Feb 6, 2026 | |||||||
| Feb 3, 2025 | |||||||
| Feb 5, 2024 | |||||||
| Feb 7, 2023 | |||||||
| Feb 11, 2022 | |||||||
| Feb 8, 2021 | |||||||
| Feb 6, 2020 | |||||||
| Feb 7, 2019 | |||||||
| Feb 9, 2018 | |||||||
| Feb 9, 2017 | |||||||
| Feb 11, 2016 | |||||||
| Feb 5, 2015 | |||||||
| Feb 6, 2014 | |||||||
| Feb 7, 2013 | |||||||
| Feb 9, 2012 | |||||||
| Feb 10, 2011 | |||||||
| Feb 11, 2010 | |||||||
| Feb 11, 2009 | |||||||
| Feb 7, 2008 | |||||||
| Feb 8, 2007 | |||||||
| Feb 9, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 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)
RTX Corp., P/E, long-term trends, comparison to sector (capital goods)
| RTX Corp. | Capital Goods | |
|---|---|---|
| Feb 6, 2026 | ||
| Feb 3, 2025 | ||
| Feb 5, 2024 | ||
| Feb 7, 2023 | ||
| Feb 11, 2022 | ||
| Feb 8, 2021 | ||
| Feb 6, 2020 | ||
| Feb 7, 2019 | ||
| Feb 9, 2018 | ||
| Feb 9, 2017 | ||
| Feb 11, 2016 | ||
| Feb 5, 2015 | ||
| Feb 6, 2014 | ||
| Feb 7, 2013 | ||
| Feb 9, 2012 | ||
| Feb 10, 2011 | ||
| Feb 11, 2010 | ||
| Feb 11, 2009 | ||
| Feb 7, 2008 | ||
| Feb 8, 2007 | ||
| Feb 9, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 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)
RTX Corp., P/E, long-term trends, comparison to industry (industrials)
| RTX Corp. | Industrials | |
|---|---|---|
| Feb 6, 2026 | ||
| Feb 3, 2025 | ||
| Feb 5, 2024 | ||
| Feb 7, 2023 | ||
| Feb 11, 2022 | ||
| Feb 8, 2021 | ||
| Feb 6, 2020 | ||
| Feb 7, 2019 | ||
| Feb 9, 2018 | ||
| Feb 9, 2017 | ||
| Feb 11, 2016 | ||
| Feb 5, 2015 | ||
| Feb 6, 2014 | ||
| Feb 7, 2013 | ||
| Feb 9, 2012 | ||
| Feb 10, 2011 | ||
| Feb 11, 2010 | ||
| Feb 11, 2009 | ||
| Feb 7, 2008 | ||
| Feb 8, 2007 | ||
| Feb 9, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 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).