Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 5.23x is in line with its estimated 5-year average of 5.14x, around the middle of its estimated 5-year range (4.15x–6.01x).
As of 2026-09-16T00:15:48.485Z. 0.85% below its estimated 12-month average of 5.27x.
Calculation as of: 2026-09-16T00:15:48.485Z.
Quote observation: 2026-09-15T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 465c2be73d821ae59dec1e9cbff06ff78a655438daaca86fc9cd0580a2ffed91
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/SALES RATIO
5.23x
EV/SALES RATIO AVG TTM
5.27x
EV/SALES RATIO AVG 3Y
5.20x
EV/SALES RATIO AVG 5Y
5.14x
EV/SALES RATIO AVG 10Y
4.73x
EV/SALES RATIO AVG 15Y
3.93x
EV/SALES RATIO AVG 20Y
3.39x
CURRENT VS TTM AVG
-0.85%
CURRENT VS 3Y AVG
+0.65%
CURRENT VS 5Y AVG
+1.72%
CURRENT VS 10Y AVG
+10.63%
CURRENT VS 15Y AVG
+32.97%
CURRENT VS 20Y AVG
+54.38%
SECTOR MEDIAN · INDUSTRIALS
3.20x
median of 141 covered companies
CURRENT VS SECTOR MEDIAN
+63.44%
vs the sector median at left
Illinois Tool Works Inc.
Market Cap
$77.28B
EV/Sales Ratio
5.23x
TTM Avg
5.27x
3Y Avg
5.20x
5Y Avg
5.14x
Market Cap
$76.39B
EV/Sales Ratio
24.58x
TTM Avg
22.53x
3Y Avg
9.96x
5Y Avg
7.72x
Market Cap
$78.26B
EV/Sales Ratio
8.64x
TTM Avg
8.46x
3Y Avg
8.80x
5Y Avg
10.14x
Market Cap
$75.47B
EV/Sales Ratio
2.09x
TTM Avg
2.43x
3Y Avg
2.28x
5Y Avg
2.30x
Market Cap
$73.66B
EV/Sales Ratio
7.01x
TTM Avg
6.61x
3Y Avg
6.79x
5Y Avg
7.15x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illinois Tool Works Inc. (ITW) | $77.28B | 5.23x | 5.27x | 5.20x | 5.14x |
| Bloom Energy Corporation (BE)vs › | $76.39B | 24.58x | 22.53x | 9.96x | 7.72x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.26B | 8.64x | 8.46x | 8.80x | 10.14x |
| Northrop Grumman Corporation (NOC)vs › | $75.47B | 2.09x | 2.43x | 2.28x | 2.30x |
| Cintas Corporation (CTAS)vs › | $79.61B | 7.28x | 7.34x | 7.86x | 7.12x |
| Cummins Inc. (CMI)vs › | $74.24B | 2.29x | 2.49x | 1.78x | 1.63x |
| Canadian National Railway Company (CNI)vs › | $73.66B | 7.01x | 6.61x | 6.79x | 7.15x |
| FedEx Corporation (FDX)vs › | $72.93B | 1.08x | 1.08x | 0.99x | 0.93x |
| Emerson Electric Co. (EMR)vs › | $82.31B | 5.04x | 5.04x | 4.49x | 4.16x |
| Norfolk Southern Corporation (NSC)vs › | $71.92B | 6.98x | 6.88x | 6.15x | 6.13x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-11 | 5.21x |
| 2026-09-10 | 5.16x |
| 2026-09-09 | 5.14x |
| 2026-09-08 | 5.22x |
| 2026-09-04 | 5.24x |
| 2026-09-03 | 5.27x |
| 2026-09-02 | 5.23x |
| 2026-09-01 | 5.24x |
| 2026-08-31 | 5.34x |
| 2026-08-28 | 5.42x |
| 2026-08-27 | 5.45x |
| 2026-08-26 | 5.51x |
| 2026-08-25 | 5.45x |
| 2026-08-24 | 5.49x |
| 2026-08-21 | 5.46x |
| 2026-08-20 | 5.46x |
| 2026-08-19 | 5.49x |
| 2026-08-18 | 5.50x |
| 2026-08-17 | 5.54x |
| 2026-08-14 | 5.61x |
| 2026-08-13 | 5.61x |
| 2026-08-12 | 5.64x |
| 2026-08-11 | 5.65x |
| 2026-08-10 | 5.67x |
| 2026-08-07 | 5.71x |
| 2026-08-06 | 5.77x |
| 2026-08-05 | 5.81x |
| 2026-08-04 | 5.77x |
| 2026-08-03 | 5.65x |
| 2026-07-31 | 5.63x |
| 2026-07-30 | 5.57x |
| 2026-07-29 | 5.73x |
| 2026-07-28 | 5.77x |
| 2026-07-27 | 5.59x |
| 2026-07-24 | 5.56x |
| 2026-07-23 | 5.45x |
| 2026-07-22 | 5.40x |
| 2026-07-21 | 5.36x |
| 2026-07-20 | 5.36x |
| 2026-07-17 | 5.43x |
| 2026-07-16 | 5.56x |
| 2026-07-15 | 5.35x |
| 2026-07-14 | 5.37x |
| 2026-07-13 | 5.35x |
| 2026-07-10 | 5.30x |
| 2026-07-09 | 5.24x |
| 2026-07-08 | 5.24x |
| 2026-07-07 | 5.34x |
| 2026-07-06 | 5.40x |
| 2026-07-02 | 5.37x |
| 2026-07-01 | 5.31x |
| 2026-06-30 | 5.33x |
| 2026-06-29 | 5.28x |
| 2026-06-26 | 5.28x |
| 2026-06-25 | 5.34x |
| 2026-06-24 | 5.21x |
| 2026-06-23 | 5.18x |
| 2026-06-22 | 5.24x |
| 2026-06-18 | 5.22x |
| 2026-06-17 | 5.18x |
| 2026-06-16 | 5.25x |
| 2026-06-15 | 5.19x |
| 2026-06-12 | 5.10x |
| 2026-06-11 | 5.05x |
| 2026-06-10 | 4.97x |
| 2026-06-09 | 5.09x |
| 2026-06-08 | 5.01x |
| 2026-06-05 | 5.02x |
| 2026-06-04 | 4.99x |
| 2026-06-03 | 4.97x |
| 2026-06-02 | 4.94x |
| 2026-06-01 | 4.89x |
| 2026-05-29 | 4.92x |
| 2026-05-28 | 4.96x |
| 2026-05-27 | 4.97x |
| 2026-05-26 | 4.98x |
| 2026-05-22 | 5.01x |
| 2026-05-21 | 4.97x |
| 2026-05-20 | 4.98x |
| 2026-05-19 | 4.92x |
| 2026-05-18 | 4.96x |
| 2026-05-15 | 4.93x |
| 2026-05-14 | 4.98x |
| 2026-05-13 | 4.97x |
| 2026-05-12 | 4.99x |
| 2026-05-11 | 5.01x |
| 2026-05-08 | 5.05x |
| 2026-05-07 | 5.13x |
| 2026-05-06 | 5.22x |
| 2026-05-05 | 5.11x |
| 2026-05-04 | 5.06x |
| 2026-05-01 | 5.13x |
| 2026-04-30 | 5.17x |
| 2026-04-29 | 5.31x |
| 2026-04-28 | 5.36x |
| 2026-04-27 | 5.38x |
| 2026-04-24 | 5.38x |
| 2026-04-23 | 5.45x |
| 2026-04-22 | 5.34x |
| 2026-04-21 | 5.41x |
| 2026-04-20 | 5.44x |
| 2026-04-17 | 5.43x |
| 2026-04-16 | 5.31x |
| 2026-04-15 | 5.29x |
| 2026-04-14 | 5.43x |
| 2026-04-13 | 5.47x |
| 2026-04-10 | 5.40x |
| 2026-04-09 | 5.45x |
| 2026-04-08 | 5.38x |
| 2026-04-07 | 5.19x |
| 2026-04-06 | 5.18x |
| 2026-04-02 | 5.18x |
| 2026-04-01 | 5.22x |
| 2026-03-31 | 5.21x |
| 2026-03-30 | 5.14x |
| 2026-03-27 | 5.19x |
| 2026-03-26 | 5.23x |
| 2026-03-25 | 5.33x |
| 2026-03-24 | 5.30x |
| 2026-03-23 | 5.26x |
| 2026-03-20 | 5.17x |
| 2026-03-19 | 5.22x |
| 2026-03-18 | 5.22x |
| 2026-03-17 | 5.35x |
| 2026-03-16 | 5.37x |
| 2026-03-13 | 5.34x |
| 2026-03-12 | 5.31x |
| 2026-03-11 | 5.42x |
| 2026-03-10 | 5.45x |
| 2026-03-09 | 5.51x |
| 2026-03-06 | 5.52x |
| 2026-03-05 | 5.62x |
| 2026-03-04 | 5.70x |
| 2026-03-03 | 5.68x |
| 2026-03-02 | 5.77x |
| 2026-02-27 | 5.76x |
| 2026-02-26 | 5.76x |
| 2026-02-25 | 5.75x |
| 2026-02-24 | 5.83x |
| 2026-02-23 | 5.81x |
| 2026-02-20 | 5.84x |
| 2026-02-19 | 5.82x |
| 2026-02-18 | 5.86x |
| 2026-02-17 | 5.89x |
| 2026-02-13 | 6.01x |
| 2026-02-12 | 5.99x |
| 2026-02-11 | 5.98x |
| 2026-02-10 | 5.91x |
| 2026-02-09 | 5.84x |
| 2026-02-06 | 5.90x |
| 2026-02-05 | 5.80x |
| 2026-02-04 | 5.81x |
| 2026-02-03 | 5.63x |
| 2026-02-02 | 5.36x |
| 2026-01-30 | 5.30x |
| 2026-01-29 | 5.33x |
| 2026-01-28 | 5.25x |
| 2026-01-27 | 5.26x |
| 2026-01-26 | 5.26x |
| 2026-01-23 | 5.25x |
| 2026-01-22 | 5.27x |
| 2026-01-21 | 5.28x |
| 2026-01-20 | 5.18x |
| 2026-01-16 | 5.34x |
| 2026-01-15 | 5.31x |
| 2026-01-14 | 5.26x |
| 2026-01-13 | 5.22x |
| 2026-01-12 | 5.18x |
| 2026-01-09 | 5.19x |
| 2026-01-08 | 5.16x |
| 2026-01-07 | 5.04x |
| 2026-01-06 | 5.17x |
| 2026-01-05 | 5.09x |
| 2026-01-02 | 5.09x |
| 2025-12-31 | 5.03x |
| 2025-12-30 | 5.11x |
| 2025-12-29 | 5.14x |
| 2025-12-26 | 5.14x |
| 2025-12-24 | 5.13x |
| 2025-12-23 | 5.13x |
| 2025-12-22 | 5.13x |
| 2025-12-19 | 5.10x |
| 2025-12-18 | 5.12x |
| 2025-12-17 | 5.14x |
| 2025-12-16 | 5.11x |
| 2025-12-15 | 5.26x |
| 2025-12-12 | 5.24x |
| 2025-12-11 | 5.23x |
| 2025-12-10 | 5.16x |
| 2025-12-09 | 5.03x |
| 2025-12-08 | 5.06x |
| 2025-12-05 | 5.09x |
| 2025-12-04 | 5.08x |
| 2025-12-03 | 5.10x |
| 2025-12-02 | 5.07x |
| 2025-12-01 | 5.05x |
| 2025-11-28 | 5.08x |
| 2025-11-26 | 5.08x |
| 2025-11-25 | 5.07x |
| 2025-11-24 | 4.96x |
| 2025-11-21 | 5.06x |
| 2025-11-20 | 4.93x |
| 2025-11-19 | 4.93x |
| 2025-11-18 | 4.95x |
| 2025-11-17 | 4.94x |
| 2025-11-14 | 4.99x |
| 2025-11-13 | 5.01x |
| 2025-11-12 | 5.01x |
| 2025-11-11 | 5.01x |
| 2025-11-10 | 4.99x |
| 2025-11-07 | 5.01x |
| 2025-11-06 | 4.99x |
| 2025-11-05 | 5.01x |
| 2025-11-04 | 5.00x |
| 2025-11-03 | 4.97x |
| 2025-10-31 | 4.98x |
| 2025-10-30 | 4.98x |
| 2025-10-29 | 4.95x |
| 2025-10-28 | 5.02x |
| 2025-10-27 | 5.06x |
| 2025-10-24 | 5.07x |
| 2025-10-23 | 5.29x |
| 2025-10-22 | 5.21x |
| 2025-10-21 | 5.29x |
| 2025-10-20 | 5.20x |
| 2025-10-17 | 5.14x |
| 2025-10-16 | 5.10x |
| 2025-10-15 | 5.11x |
| 2025-10-14 | 5.12x |
| 2025-10-13 | 5.05x |
| 2025-10-10 | 5.06x |
| 2025-10-09 | 5.12x |
| 2025-10-08 | 5.20x |
| 2025-10-07 | 5.26x |
| 2025-10-06 | 5.32x |
| 2025-10-03 | 5.34x |
| 2025-10-02 | 5.35x |
| 2025-10-01 | 5.34x |
| 2025-09-30 | 5.35x |
| 2025-09-29 | 5.36x |
| 2025-09-26 | 5.36x |
| 2025-09-25 | 5.30x |
| 2025-09-24 | 5.33x |
| 2025-09-23 | 5.36x |
| 2025-09-22 | 5.36x |
| 2025-09-19 | 5.37x |
| 2025-09-18 | 5.41x |
| 2025-09-17 | 5.39x |
| 2025-09-16 | 5.37x |
| 2025-09-15 | 5.41x |
| 2025-09-12 | 5.40x |
| 2025-09-11 | 5.46x |
| 2025-09-10 | 5.39x |
| 2025-09-09 | 5.38x |
| 2025-09-08 | 5.46x |
| 2025-09-05 | 5.45x |
| 2025-09-04 | 5.44x |
| 2025-09-03 | 5.36x |
| 2025-09-02 | 5.38x |
| 2025-08-29 | 5.43x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
