Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 37.47 is 27% below its 5-year average of 51.64, near the low end of its 5-year range (36.81–68.48).
As of 2026-10-03T00:15:32.103Z. 21.13% below its 12-month average of 47.51.
Calculation as of: 2026-10-03T00:15:32.103Z.
Quote observation: 2026-10-02T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 451dbf46dace3d2f6d0c784b672828bf321f36b9767d9830ff82fea9ddce7775
PE Ratio (37.47) = Close Price ($224.84) / Diluted TTM EPS ($6.00)
PE RATIO
37.47
PE RATIO AVG TTM
47.51
PE RATIO AVG 3Y
51.67
PE RATIO AVG 5Y
51.64
PE RATIO AVG 10Y
46.15
PE RATIO AVG 15Y
38.77
PE RATIO AVG 20Y
33.46
CURRENT VS TTM AVG
-21.13%
CURRENT VS 3Y AVG
-27.49%
CURRENT VS 5Y AVG
-27.44%
CURRENT VS 10Y AVG
-18.81%
CURRENT VS 15Y AVG
-3.34%
CURRENT VS 20Y AVG
+12.00%
SECTOR MEDIAN · INDUSTRIALS
28.95
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+29.43%
vs the sector median at left
Market Cap
$42.61B
PE Ratio
26.10
TTM Avg
26.37
3Y Avg
32.47
5Y Avg
39.05
Market Cap
$44.06B
PE Ratio
23.90
TTM Avg
33.49
3Y Avg
32.72
5Y Avg
32.58
Market Cap
$45.44B
PE Ratio
38.28
TTM Avg
30.53
3Y Avg
26.98
5Y Avg
22.58
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI-A) | $43.30B | 37.47 | 47.51 | 51.67 | 51.64 |
| Ferguson plc (FERG)vs › | $43.31B | N/A | 24.88 | 21.78 | 19.66 |
| Rocket Lab USA, Inc. (RKLB)vs › | $42.79B | N/A | N/A | N/A | N/A |
| Thomson Reuters Corporation (TRI)vs › | $42.61B | 26.10 | 26.37 | 32.47 | 39.05 |
| L3Harris Technologies, Inc. (LHX)vs › | $44.06B | 23.90 | 33.49 | 32.72 | 32.58 |
| HEICO Corporation (HEI)vs › | $42.14B | 50.41 | 62.62 | 66.19 | 65.12 |
| Carrier Global Corporation (CARR)vs › | $45.44B | 38.28 | 30.53 | 26.98 | 22.58 |
| Ferrovial SE (FER)vs › | $38.91B | N/A | N/A | N/A | N/A |
| Waste Connections, Inc. (WCN)vs › | $38.77B | 37.24 | 50.84 | 56.43 | 53.60 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.57B | 38.65 | 35.46 | 32.27 | 31.47 |
At 37.5, P/E is near its 20-year median — higher than 62% of readings in its 20-year history.
20-year low
7.4
median
28.0
20-year high
73.2
Trailing P/E
37.5
Forward P/E
35.6
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$224.84
Forward EPS (Est.)
$6.31
Forward P/E
35.63
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
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
| DATE | PE RATIO |
|---|---|
| 2026-10-02 | 37.47 |
| 2026-10-01 | 38.47 |
| 2026-09-30 | 38.06 |
| 2026-09-29 | 38.47 |
| 2026-09-28 | 38.44 |
| 2026-09-25 | 38.67 |
| 2026-09-24 | 38.24 |
| 2026-09-23 | 38.52 |
| 2026-09-22 | 38.20 |
| 2026-09-21 | 37.78 |
| 2026-09-18 | 36.98 |
| 2026-09-17 | 36.81 |
| 2026-09-16 | 37.06 |
| 2026-09-15 | 37.07 |
| 2026-09-14 | 37.96 |
| 2026-09-11 | 39.21 |
| 2026-09-10 | 38.72 |
| 2026-09-09 | 38.75 |
| 2026-09-08 | 39.17 |
| 2026-09-04 | 40.03 |
| 2026-09-03 | 39.88 |
| 2026-09-02 | 39.97 |
| 2026-09-01 | 40.33 |
| 2026-08-31 | 40.70 |
| 2026-08-28 | 41.68 |
| 2026-08-27 | 44.82 |
| 2026-08-26 | 45.69 |
| 2026-08-25 | 45.91 |
| 2026-08-24 | 46.29 |
| 2026-08-21 | 46.61 |
| 2026-08-20 | 46.06 |
| 2026-08-19 | 47.21 |
| 2026-08-18 | 48.00 |
| 2026-08-17 | 48.32 |
| 2026-08-14 | 49.11 |
| 2026-08-13 | 48.66 |
| 2026-08-12 | 48.61 |
| 2026-08-11 | 47.27 |
| 2026-08-10 | 47.34 |
| 2026-08-07 | 47.56 |
| 2026-08-06 | 47.13 |
| 2026-08-05 | 47.58 |
| 2026-08-04 | 47.49 |
| 2026-08-03 | 46.75 |
| 2026-07-31 | 45.94 |
| 2026-07-30 | 45.74 |
| 2026-07-29 | 45.96 |
| 2026-07-28 | 47.01 |
| 2026-07-27 | 46.33 |
| 2026-07-24 | 45.25 |
| 2026-07-23 | 44.44 |
| 2026-07-22 | 43.62 |
| 2026-07-21 | 44.22 |
| 2026-07-20 | 44.32 |
| 2026-07-17 | 44.66 |
| 2026-07-16 | 44.69 |
| 2026-07-15 | 45.21 |
| 2026-07-14 | 44.59 |
| 2026-07-13 | 44.52 |
| 2026-07-10 | 45.37 |
| 2026-07-09 | 45.23 |
| 2026-07-08 | 44.83 |
| 2026-07-07 | 45.99 |
| 2026-07-06 | 46.90 |
| 2026-07-02 | 46.73 |
| 2026-07-01 | 46.72 |
| 2026-06-30 | 46.06 |
| 2026-06-29 | 45.44 |
| 2026-06-26 | 45.49 |
| 2026-06-25 | 45.98 |
| 2026-06-24 | 43.92 |
| 2026-06-23 | 43.97 |
| 2026-06-22 | 43.24 |
| 2026-06-18 | 44.21 |
| 2026-06-17 | 44.31 |
| 2026-06-16 | 44.31 |
| 2026-06-15 | 44.42 |
| 2026-06-12 | 44.12 |
| 2026-06-11 | 44.83 |
| 2026-06-10 | 42.40 |
| 2026-06-09 | 43.18 |
| 2026-06-08 | 42.77 |
| 2026-06-05 | 43.48 |
| 2026-06-04 | 43.98 |
| 2026-06-03 | 43.26 |
| 2026-06-02 | 43.71 |
| 2026-06-01 | 43.92 |
| 2026-05-29 | 51.35 |
| 2026-05-28 | 50.86 |
| 2026-05-27 | 45.41 |
| 2026-05-26 | 45.24 |
| 2026-05-22 | 44.28 |
| 2026-05-21 | 44.24 |
| 2026-05-20 | 44.23 |
| 2026-05-19 | 43.08 |
| 2026-05-18 | 43.15 |
| 2026-05-15 | 42.76 |
| 2026-05-14 | 43.97 |
| 2026-05-13 | 43.22 |
| 2026-05-12 | 42.92 |
| 2026-05-11 | 42.99 |
| 2026-05-08 | 43.80 |
| 2026-05-07 | 43.62 |
| 2026-05-06 | 44.50 |
| 2026-05-05 | 42.36 |
| 2026-05-04 | 41.42 |
| 2026-05-01 | 41.36 |
| 2026-04-30 | 41.31 |
| 2026-04-29 | 39.78 |
| 2026-04-28 | 40.62 |
| 2026-04-27 | 40.62 |
| 2026-04-24 | 40.29 |
| 2026-04-23 | 41.04 |
| 2026-04-22 | 40.99 |
| 2026-04-21 | 41.80 |
| 2026-04-20 | 43.74 |
| 2026-04-17 | 43.77 |
| 2026-04-16 | 42.70 |
| 2026-04-15 | 43.87 |
| 2026-04-14 | 44.64 |
| 2026-04-13 | 44.14 |
| 2026-04-10 | 43.44 |
| 2026-04-09 | 44.16 |
| 2026-04-08 | 44.31 |
| 2026-04-07 | 41.98 |
| 2026-04-06 | 42.19 |
| 2026-04-02 | 41.71 |
| 2026-04-01 | 41.97 |
| 2026-03-31 | 41.72 |
| 2026-03-30 | 40.49 |
| 2026-03-27 | 41.06 |
| 2026-03-26 | 41.17 |
| 2026-03-25 | 42.10 |
| 2026-03-24 | 42.06 |
| 2026-03-23 | 42.10 |
| 2026-03-20 | 41.39 |
| 2026-03-19 | 42.19 |
| 2026-03-18 | 43.68 |
| 2026-03-17 | 44.50 |
| 2026-03-16 | 44.25 |
| 2026-03-13 | 43.75 |
| 2026-03-12 | 44.08 |
| 2026-03-11 | 46.04 |
| 2026-03-10 | 45.81 |
| 2026-03-09 | 46.26 |
| 2026-03-06 | 46.02 |
| 2026-03-05 | 46.40 |
| 2026-03-04 | 48.16 |
| 2026-03-03 | 48.32 |
| 2026-03-02 | 48.69 |
| 2026-02-27 | 48.90 |
| 2026-02-26 | 48.45 |
| 2026-02-25 | 51.52 |
| 2026-02-24 | 52.83 |
| 2026-02-23 | 52.72 |
| 2026-02-20 | 53.28 |
| 2026-02-19 | 52.99 |
| 2026-02-18 | 52.54 |
| 2026-02-17 | 51.78 |
| 2026-02-13 | 51.51 |
| 2026-02-12 | 50.99 |
| 2026-02-11 | 50.30 |
| 2026-02-10 | 50.48 |
| 2026-02-09 | 50.54 |
| 2026-02-06 | 51.15 |
| 2026-02-05 | 50.61 |
| 2026-02-04 | 50.78 |
| 2026-02-03 | 52.39 |
| 2026-02-02 | 52.35 |
| 2026-01-30 | 51.85 |
| 2026-01-29 | 51.87 |
| 2026-01-28 | 51.96 |
| 2026-01-27 | 53.23 |
| 2026-01-26 | 52.74 |
| 2026-01-23 | 52.54 |
| 2026-01-22 | 53.38 |
| 2026-01-21 | 54.83 |
| 2026-01-20 | 54.40 |
| 2026-01-16 | 55.47 |
| 2026-01-15 | 56.24 |
| 2026-01-14 | 55.28 |
| 2026-01-13 | 55.21 |
| 2026-01-12 | 55.93 |
| 2026-01-09 | 55.63 |
| 2026-01-08 | 55.24 |
| 2026-01-07 | 55.21 |
| 2026-01-06 | 54.92 |
| 2026-01-05 | 54.18 |
| 2026-01-02 | 52.39 |
| 2025-12-31 | 51.41 |
| 2025-12-30 | 51.94 |
| 2025-12-29 | 52.13 |
| 2025-12-26 | 52.92 |
| 2025-12-24 | 53.40 |
| 2025-12-23 | 53.60 |
| 2025-12-22 | 57.16 |
| 2025-12-19 | 55.96 |
| 2025-12-18 | 52.72 |
| 2025-12-17 | 52.58 |
| 2025-12-16 | 53.09 |
| 2025-12-15 | 53.34 |
| 2025-12-12 | 52.99 |
| 2025-12-11 | 53.68 |
| 2025-12-10 | 52.71 |
| 2025-12-09 | 52.24 |
| 2025-12-08 | 53.75 |
| 2025-12-05 | 53.45 |
| 2025-12-04 | 54.04 |
| 2025-12-03 | 53.08 |
| 2025-12-02 | 52.75 |
| 2025-12-01 | 53.14 |
| 2025-11-28 | 54.04 |
| 2025-11-26 | 53.74 |
| 2025-11-25 | 53.82 |
| 2025-11-24 | 52.44 |
| 2025-11-21 | 51.99 |
| 2025-11-20 | 51.96 |
| 2025-11-19 | 52.69 |
| 2025-11-18 | 52.89 |
| 2025-11-17 | 53.04 |
| 2025-11-14 | 53.61 |
| 2025-11-13 | 54.26 |
| 2025-11-12 | 55.54 |
| 2025-11-11 | 56.18 |
| 2025-11-10 | 56.49 |
| 2025-11-07 | 55.05 |
| 2025-11-06 | 54.29 |
| 2025-11-05 | 54.30 |
| 2025-11-04 | 53.86 |
| 2025-11-03 | 53.81 |
| 2025-10-31 | 54.21 |
| 2025-10-30 | 52.88 |
| 2025-10-29 | 53.14 |
| 2025-10-28 | 53.32 |
| 2025-10-27 | 53.97 |
| 2025-10-24 | 54.17 |
| 2025-10-23 | 54.19 |
| 2025-10-22 | 53.28 |
| 2025-10-21 | 53.90 |
| 2025-10-20 | 53.64 |
| 2025-10-17 | 52.37 |
| 2025-10-16 | 52.42 |
| 2025-10-15 | 52.79 |
| 2025-10-14 | 53.95 |
| 2025-10-13 | 53.61 |
| 2025-10-10 | 53.01 |
| 2025-10-09 | 54.67 |
| 2025-10-08 | 55.21 |
| 2025-10-07 | 54.72 |
| 2025-10-06 | 55.77 |
| 2025-10-03 | 55.31 |
| 2025-10-02 | 54.82 |
| 2025-10-01 | 55.24 |
| 2025-09-30 | 55.60 |
| 2025-09-29 | 54.96 |
| 2025-09-26 | 55.14 |
| 2025-09-25 | 54.76 |
| 2025-09-24 | 54.63 |
| 2025-09-23 | 55.26 |
| 2025-09-22 | 55.15 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.