Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 20.85.
Forward PE Ratio (20.85) = Close Price ($60.37) / Consensus Forward EPS ($2.90)
FORWARD PE RATIO
20.85
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
-13.79%
vs the sector median at left
Carrier Global Corporation
Market Cap
$49.76B
Forward PE Ratio
20.85
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Carrier Global Corporation (CARR) | $49.76B | 20.85 |
| L3Harris Technologies, Inc. (LHX)vs › | $49.67B | 25.05 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.26B | 27.39 |
| HEICO Corporation (HEI-A)vs › | $50.27B | 42.71 |
| Axon Enterprise, Inc. (AXON)vs › | $50.60B | 81.49 |
| Rockwell Automation, Inc. (ROK)vs › | $48.64B | 33.08 |
| Honeywell Aerospace Inc (HONA)vs › | $52.21B | 20.34 |
| Thomson Reuters Corporation (TRI)vs › | $46.07B | 23.44 |
| Ferrovial SE (FER)vs › | $45.58B | 63.00 |
| Delta Air Lines, Inc. (DAL)vs › | $54.19B | 12.51 |
Trailing P/E
41.9
reported TTM EPS
Forward P/E
20.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.90 implies +101.4% EPS growth vs the reported trailing $1.44.
At today's $60.37 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.90 | $2.73 – $2.95 | 13 | 20.8x |
| 2027-12-31 | $3.30 | $3.04 – $3.52 | 14 | 18.3x |
| 2028-12-31 | $3.73 | $2.98 – $4.37 | 7 | 16.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
