ETN P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
ETN's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
ETN P/E ratio by year
Yearly range of ETN’s p/e ratio from 2016 to 2026. Over the full period it ranged from 10.6 to 46.8, averaging 26.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 30.6 | 38.3 | 46.8 | 41.8 |
| 2025 | 24.9 | 34.0 | 39.5 | 30.5 |
| 2024 | 29.1 | 35.8 | 40.2 | 34.9 |
| 2023 | 24.4 | 29.0 | 35.2 | 32.2 |
| 2022 | 21.7 | 26.4 | 32.1 | 27.5 |
| 2021 | 28.8 | 35.8 | 41.7 | 32.4 |
| 2020 | 11.0 | 23.4 | 36.3 | 34.4 |
| 2019 | 13.5 | 15.8 | 18.0 | 18.0 |
| 2018 | 10.6 | 12.6 | 18.0 | 14.0 |
| 2017 | 11.8 | 16.0 | 18.4 | 12.4 |
| 2016 | 14.1 | 15.5 | 16.4 | 15.8 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is ETN P/E ratio High or Low Right Now?
Eaton Corporation plc's P/E ratio is currently 41.8, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for ETN is approximately 27.4. See all ETN valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.