Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.03 as of 2026-09-23T20:20:39.513Z.
Consensus retrieved: 2026-09-13T22:24:37.621Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-23T20:20:39.513Z.
Quote observation: 2026-09-23T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: ffb514adbd9d2522f5c59ae14d33358f14e8a99d4da997b6c2ab6b965439aa72
Forward PE Ratio (19.03) = Dated Quote Price ($55.10) / Consensus Forward EPS ($2.90)
FORWARD PE RATIO
19.03
SECTOR MEDIAN · INDUSTRIALS
23.56
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
-19.23%
vs the sector median at left
Carrier Global Corporation
Market Cap
$45.42B
Forward PE Ratio
19.03
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Carrier Global Corporation (CARR) | $45.42B | 19.03 |
| L3Harris Technologies, Inc. (LHX)vs › | $44.54B | 20.03 |
| HEICO Corporation (HEI-A)vs › | $44.51B | 36.74 |
| HEICO Corporation (HEI)vs › | $43.27B | 49.36 |
| Thomson Reuters Corporation (TRI)vs › | $42.98B | 21.99 |
| Ferguson plc (FERG)vs › | $42.89B | 17.54 |
| Rockwell Automation, Inc. (ROK)vs › | $48.17B | 32.73 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.37B | 26.91 |
| Rocket Lab USA, Inc. (RKLB)vs › | $40.70B | N/A |
| Ferrovial SE (FER)vs › | $40.10B | N/A |
Trailing P/E
38.3
reported TTM EPS
Forward P/E
19.0
consensus EPS · fiscal year ending 2026-12-31
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 the dated quote price of $55.10, 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 | $2.82 – $2.93 | 13 | 19.0x |
| 2027-12-31 | $3.30 | $3.10 – $3.52 | 14 | 16.7x |
| 2028-12-31 | $3.73 | $2.88 – $4.61 | 8 | 14.8x |
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
