ITT (FRA:2II) Forward PE Ratio : 22.57 (As of Apr. 28, 2024)

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What is ITT Forward PE Ratio?

ITT's Forward PE Ratio for today is 22.57.

ITT's PE Ratio without NRI for today is 25.18.

ITT's PE Ratio for today is 26.45.

ITT Forward PE Ratio Historical Data

The historical data trend for ITT's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ITT Forward PE Ratio Chart

ITT Annual Data

Trend

2015-12

2016-08

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

13.83

13.91

17.64

13.25

18.28

21.93

21.37

16.00

20.24

22.32

ITT Quarterly Data
	2015-12	2016-03	2016-06	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	13.83	13.53	13.89	17.01	16.47	15.22	17.64	16.21	16.64	17.01	13.25	16.13	18.05	15.41	18.28	11.61	21.28	18.12	21.93	23.53	23.75	18.38	21.37	16.78	14.58	12.52	16.00	17.42	18.87	17.01	20.24	22.78

Competitive Comparison of ITT's Forward PE Ratio

For the Specialty Industrial Machinery subindustry, ITT's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ITT's Forward PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ITT's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where ITT's Forward PE Ratio falls into.

ITT Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

ITT (FRA:2II) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

ITT Forward PE Ratio Related Terms

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ITT (FRA:2II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITT Inc (FRA:2II) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

ITT:USA 2II:Germany

Address

100 Washington Boulevard, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.itt.com

ITT is a diversified industrial conglomerate with over $3 billion in sales. After the spinoffs of Xylem and Exelis in 2011, the company's products primarily include brake pads, shock absorbers, pumps, valves, connectors, and switches. Its customers include original-equipment and Tier 1 manufacturers as well as aftermarket customers. ITT uses a network of approximately 700 independent distributors, which accounts for about one third of overall revenue. Nearly three fourths of the company's sales are made in North America and Europe. ITT's primary end markets include automotive, rail, oil and gas, aerospace and defense, chemical, mining, and general industrial.

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