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 38.26 is 71% above its 5-year average of 22.35, near the high end of its 5-year range (9.03–49.35).
As of 2026-09-23T20:20:39.513Z. 31.73% above its 12-month average of 29.04.
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
PE Ratio (38.26) = Close Price ($55.10) / Diluted TTM EPS ($1.44)
PE RATIO
38.26
PE RATIO AVG TTM
29.04
PE RATIO AVG 3Y
26.65
PE RATIO AVG 5Y
22.35
PE RATIO AVG 10Y
N/A
PE RATIO AVG 15Y
N/A
PE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+31.73%
CURRENT VS 3Y AVG
+43.56%
CURRENT VS 5Y AVG
+71.22%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
29.26
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
+30.76%
vs the sector median at left
Carrier Global Corporation
Market Cap
$45.42B
PE Ratio
38.26
TTM Avg
29.04
3Y Avg
26.65
5Y Avg
22.35
Market Cap
$44.54B
PE Ratio
24.16
TTM Avg
33.94
3Y Avg
33.05
5Y Avg
32.66
Market Cap
$42.98B
PE Ratio
26.32
TTM Avg
26.36
3Y Avg
31.92
5Y Avg
38.32
Market Cap
$49.37B
PE Ratio
39.29
TTM Avg
34.81
3Y Avg
32.06
5Y Avg
31.46
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $45.42B | 38.26 | 29.04 | 26.65 | 22.35 |
| L3Harris Technologies, Inc. (LHX)vs › | $44.54B | 24.16 | 33.94 | 33.05 | 32.66 |
| HEICO Corporation (HEI-A)vs › | $44.51B | 38.52 | 48.54 | 51.82 | 51.98 |
| HEICO Corporation (HEI)vs › | $43.27B | 51.76 | 63.78 | 66.31 | 65.28 |
| Thomson Reuters Corporation (TRI)vs › | $42.98B | 26.32 | 26.36 | 31.92 | 38.32 |
| Ferguson plc (FERG)vs › | $42.89B | N/A | 23.93 | 23.04 | 19.94 |
| Rockwell Automation, Inc. (ROK)vs › | $48.17B | 40.69 | 46.23 | 36.70 | 34.81 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.37B | 39.29 | 34.81 | 32.06 | 31.46 |
| Rocket Lab USA, Inc. (RKLB)vs › | $40.70B | N/A | N/A | N/A | N/A |
| Ferrovial SE (FER)vs › | $40.10B | 43.18 | 41.59 | 41.59 | 41.59 |
At 38.3, P/E is above its 6-year median — higher than 87% of readings in its 6-year history.
6-year low
4.7
median
18.9
6-year high
49.4
Trailing P/E
38.3
Forward P/E
19.0
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$55.10
Forward EPS (Est.)
$2.90
Forward P/E
19.03
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 |
|---|---|
| 2026-09-11 | 39.90 |
| 2026-09-10 | 39.33 |
| 2026-09-09 | 40.24 |
| 2026-09-08 | 41.05 |
| 2026-09-04 | 41.47 |
| 2026-09-03 | 41.03 |
| 2026-09-02 | 39.99 |
| 2026-09-01 | 39.76 |
| 2026-08-31 | 40.43 |
| 2026-08-28 | 40.83 |
| 2026-08-27 | 40.86 |
| 2026-08-26 | 40.79 |
| 2026-08-25 | 40.64 |
| 2026-08-24 | 41.65 |
| 2026-08-21 | 41.92 |
| 2026-08-20 | 41.77 |
| 2026-08-19 | 42.50 |
| 2026-08-18 | 42.65 |
| 2026-08-17 | 43.44 |
| 2026-08-14 | 43.60 |
| 2026-08-13 | 43.99 |
| 2026-08-12 | 43.81 |
| 2026-08-11 | 44.18 |
| 2026-08-10 | 44.06 |
| 2026-08-07 | 44.45 |
| 2026-08-06 | 44.42 |
| 2026-08-05 | 45.44 |
| 2026-08-04 | 45.62 |
| 2026-08-03 | 43.87 |
| 2026-07-31 | 42.92 |
| 2026-07-30 | 42.63 |
| 2026-07-29 | 41.61 |
| 2026-07-28 | 41.01 |
| 2026-07-27 | 45.02 |
| 2026-07-24 | 44.73 |
| 2026-07-23 | 44.90 |
| 2026-07-22 | 44.22 |
| 2026-07-21 | 43.31 |
| 2026-07-20 | 43.49 |
| 2026-07-17 | 44.60 |
| 2026-07-16 | 45.03 |
| 2026-07-15 | 44.64 |
| 2026-07-14 | 45.30 |
| 2026-07-13 | 44.55 |
| 2026-07-10 | 45.03 |
| 2026-07-09 | 44.03 |
| 2026-07-08 | 43.34 |
| 2026-07-07 | 44.59 |
| 2026-07-06 | 45.52 |
| 2026-07-02 | 45.50 |
| 2026-07-01 | 46.80 |
| 2026-06-30 | 47.63 |
| 2026-06-29 | 47.68 |
| 2026-06-26 | 47.79 |
| 2026-06-25 | 49.35 |
| 2026-06-24 | 48.09 |
| 2026-06-23 | 45.94 |
| 2026-06-22 | 46.66 |
| 2026-06-18 | 46.63 |
| 2026-06-17 | 45.12 |
| 2026-06-16 | 46.20 |
| 2026-06-15 | 46.19 |
| 2026-06-12 | 45.40 |
| 2026-06-11 | 45.29 |
| 2026-06-10 | 44.14 |
| 2026-06-09 | 46.26 |
| 2026-06-08 | 43.73 |
| 2026-06-05 | 43.61 |
| 2026-06-04 | 44.51 |
| 2026-06-03 | 43.88 |
| 2026-06-02 | 43.13 |
| 2026-06-01 | 42.28 |
| 2026-05-29 | 41.47 |
| 2026-05-28 | 41.44 |
| 2026-05-27 | 41.89 |
| 2026-05-26 | 42.14 |
| 2026-05-22 | 41.00 |
| 2026-05-21 | 40.38 |
| 2026-05-20 | 41.29 |
| 2026-05-19 | 39.90 |
| 2026-05-18 | 41.89 |
| 2026-05-15 | 41.99 |
| 2026-05-14 | 43.33 |
| 2026-05-13 | 42.58 |
| 2026-05-12 | 42.57 |
| 2026-05-11 | 42.78 |
| 2026-05-08 | 43.40 |
| 2026-05-07 | 43.65 |
| 2026-05-06 | 44.09 |
| 2026-05-05 | 41.68 |
| 2026-05-04 | 42.79 |
| 2026-05-01 | 43.91 |
| 2026-04-30 | 38.83 |
| 2026-04-29 | 35.69 |
| 2026-04-28 | 35.84 |
| 2026-04-27 | 35.79 |
| 2026-04-24 | 35.24 |
| 2026-04-23 | 35.57 |
| 2026-04-22 | 35.06 |
| 2026-04-21 | 35.67 |
| 2026-04-20 | 35.64 |
| 2026-04-17 | 35.45 |
| 2026-04-16 | 34.51 |
| 2026-04-15 | 33.84 |
| 2026-04-14 | 37.38 |
| 2026-04-13 | 37.18 |
| 2026-04-10 | 36.61 |
| 2026-04-09 | 35.53 |
| 2026-04-08 | 33.69 |
| 2026-04-07 | 32.05 |
| 2026-04-06 | 32.13 |
| 2026-04-02 | 32.20 |
| 2026-04-01 | 32.89 |
| 2026-03-31 | 32.55 |
| 2026-03-30 | 31.42 |
| 2026-03-27 | 31.36 |
| 2026-03-26 | 31.60 |
| 2026-03-25 | 34.25 |
| 2026-03-24 | 33.86 |
| 2026-03-23 | 33.70 |
| 2026-03-20 | 33.57 |
| 2026-03-19 | 34.09 |
| 2026-03-18 | 33.30 |
| 2026-03-17 | 32.94 |
| 2026-03-16 | 32.28 |
| 2026-03-13 | 32.17 |
| 2026-03-12 | 32.65 |
| 2026-03-11 | 33.92 |
| 2026-03-10 | 33.77 |
| 2026-03-09 | 33.94 |
| 2026-03-06 | 33.73 |
| 2026-03-05 | 34.91 |
| 2026-03-04 | 35.31 |
| 2026-03-03 | 35.36 |
| 2026-03-02 | 36.90 |
| 2026-02-27 | 37.23 |
| 2026-02-26 | 36.28 |
| 2026-02-25 | 35.55 |
| 2026-02-24 | 36.72 |
| 2026-02-23 | 36.68 |
| 2026-02-20 | 37.08 |
| 2026-02-19 | 36.37 |
| 2026-02-18 | 37.18 |
| 2026-02-17 | 38.40 |
| 2026-02-13 | 37.80 |
| 2026-02-12 | 37.51 |
| 2026-02-11 | 38.79 |
| 2026-02-10 | 38.05 |
| 2026-02-09 | 37.76 |
| 2026-02-06 | 36.95 |
| 2026-02-05 | 14.05 |
| 2026-02-04 | 14.15 |
| 2026-02-03 | 13.63 |
| 2026-02-02 | 13.44 |
| 2026-01-30 | 13.27 |
| 2026-01-29 | 13.32 |
| 2026-01-28 | 12.90 |
| 2026-01-27 | 12.71 |
| 2026-01-26 | 12.78 |
| 2026-01-23 | 12.76 |
| 2026-01-22 | 12.79 |
| 2026-01-21 | 12.86 |
| 2026-01-20 | 12.30 |
| 2026-01-16 | 12.51 |
| 2026-01-15 | 12.37 |
| 2026-01-14 | 12.38 |
| 2026-01-13 | 12.30 |
| 2026-01-12 | 12.33 |
| 2026-01-09 | 12.53 |
| 2026-01-08 | 12.00 |
| 2026-01-07 | 11.71 |
| 2026-01-06 | 11.92 |
| 2026-01-05 | 11.98 |
| 2026-01-02 | 11.92 |
| 2025-12-31 | 11.77 |
| 2025-12-30 | 11.90 |
| 2025-12-29 | 11.94 |
| 2025-12-26 | 11.94 |
| 2025-12-24 | 11.92 |
| 2025-12-23 | 11.88 |
| 2025-12-22 | 11.85 |
| 2025-12-19 | 11.98 |
| 2025-12-18 | 11.85 |
| 2025-12-17 | 11.67 |
| 2025-12-16 | 11.90 |
| 2025-12-15 | 11.71 |
| 2025-12-12 | 11.79 |
| 2025-12-11 | 12.06 |
| 2025-12-10 | 11.89 |
| 2025-12-09 | 11.77 |
| 2025-12-08 | 11.81 |
| 2025-12-05 | 12.09 |
| 2025-12-04 | 12.14 |
| 2025-12-03 | 12.16 |
| 2025-12-02 | 11.99 |
| 2025-12-01 | 12.08 |
| 2025-11-28 | 12.22 |
| 2025-11-26 | 12.11 |
| 2025-11-25 | 12.02 |
| 2025-11-24 | 11.53 |
| 2025-11-21 | 11.67 |
| 2025-11-20 | 11.22 |
| 2025-11-19 | 11.41 |
| 2025-11-18 | 11.58 |
| 2025-11-17 | 11.83 |
| 2025-11-14 | 12.05 |
| 2025-11-13 | 12.29 |
| 2025-11-12 | 12.47 |
| 2025-11-11 | 12.69 |
| 2025-11-10 | 12.77 |
| 2025-11-07 | 12.81 |
| 2025-11-06 | 12.60 |
| 2025-11-05 | 12.66 |
| 2025-11-04 | 12.82 |
| 2025-11-03 | 12.89 |
| 2025-10-31 | 13.25 |
| 2025-10-30 | 13.11 |
| 2025-10-29 | 13.53 |
| 2025-10-28 | 13.11 |
| 2025-10-27 | 13.01 |
| 2025-10-24 | 12.91 |
| 2025-10-23 | 12.75 |
| 2025-10-22 | 12.67 |
| 2025-10-21 | 13.35 |
| 2025-10-20 | 12.87 |
| 2025-10-17 | 12.54 |
| 2025-10-16 | 12.67 |
| 2025-10-15 | 12.77 |
| 2025-10-14 | 12.83 |
| 2025-10-13 | 12.69 |
| 2025-10-10 | 12.65 |
| 2025-10-09 | 12.97 |
| 2025-10-08 | 13.35 |
| 2025-10-07 | 13.21 |
| 2025-10-06 | 13.35 |
| 2025-10-03 | 13.31 |
| 2025-10-02 | 13.15 |
| 2025-10-01 | 13.27 |
| 2025-09-30 | 13.33 |
| 2025-09-29 | 13.20 |
| 2025-09-26 | 13.13 |
| 2025-09-25 | 13.11 |
| 2025-09-24 | 13.17 |
| 2025-09-23 | 13.33 |
| 2025-09-22 | 13.46 |
| 2025-09-19 | 13.48 |
| 2025-09-18 | 13.64 |
| 2025-09-17 | 13.55 |
| 2025-09-16 | 13.60 |
| 2025-09-15 | 13.67 |
| 2025-09-12 | 13.77 |
| 2025-09-11 | 13.91 |
| 2025-09-10 | 13.95 |
| 2025-09-09 | 14.17 |
| 2025-09-08 | 14.65 |
| 2025-09-05 | 14.62 |
| 2025-09-04 | 14.18 |
| 2025-09-03 | 13.94 |
| 2025-09-02 | 14.17 |
| 2025-08-29 | 14.55 |
Showing the most recent 260 of 1,629 data points. The chart above shows the full history.