Question 1

What is Ecolab's P/E ratio?

Accepted Answer

Ecolab (ECL) P/E ratio is 36.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Ecolab?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Ecolab specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is Ecolab's P/E ratio high or low?

Accepted Answer

Ecolab's P/E ratio of 36.0× is below its own 5-year average of 41.2× and above the sector median of 21.4×. That places the current reading at the 16th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Ecolab's historical P/E ratio range?

Accepted Answer

In the available daily series, Ecolab (ECL) P/E ratio has ranged from a low of 18.5× in 2008 to a high of 63.3× in 2021. The 5-year average is 41.2× and the 5-year median is 39.2×.

Question 7

What was Ecolab's P/E ratio in 2025?

Accepted Answer

Ecolab (ECL) P/E ratio at the end of 2025 was 35.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Ecolab's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$74.2B	$2.08B	35.7×	+4.0×	Dec 31, 2025
2024	$66.9B	$2.11B	31.7×	-9.5×	Dec 31, 2024
2023	$56.6B	$1.37B	41.2×	+3.3×	Dec 31, 2023
2022	$41.4B	$1.09B	37.9×	-21.6×	Dec 31, 2022
2021	$67.3B	$1.13B	59.5×	—	Dec 31, 2021
2020	$61.8B	-$1.21B	—	—	Dec 31, 2020
2019	$55.6B	$1.56B	35.7×	+6.0×	Dec 31, 2019
2018	$42.4B	$1.43B	29.7×	+3.9×	Dec 31, 2018
2017	$38.8B	$1.5B	25.8×	-2.0×	Dec 31, 2017
2016	$34.2B	$1.23B	27.8×	-6.0×	Dec 31, 2016
2015	$33.8B	$1B	33.8×	+7.7×	Dec 31, 2015
2014	$31.4B	$1.2B	26.1×	-6.4×	Dec 31, 2014
2013	$31.4B	$968M	32.5×	+2.4×	Dec 31, 2013
2012	$21.1B	$704M	30.0×	-6.4×	Dec 31, 2012
2011	$16.9B	$463M	36.4×	+14.4×	Dec 31, 2011
2010	$11.7B	$530M	22.1×	-3.1×	Dec 31, 2010
2009	$10.5B	$417M	25.1×	+6.6×	Dec 31, 2009
2008	$8.3B	$448M	18.5×	-11.0×	Dec 31, 2008
2007	$12.6B	$427M	29.5×	-1.1×	Dec 31, 2007
2006	$11.3B	$369M	30.6×	+0.8×	Dec 31, 2006
2005	$9.2B	$309M	29.8×	+0.8×	Dec 31, 2005
2004	$9B	$310M	29.0×	+3.6×	Dec 31, 2004
2003	$7.03B	$277M	25.4×	-4.7×	Dec 31, 2003
2002	$6.42B	$214M	30.0×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Linde (LIN)	32.3×
Vulcan Materials (VMC)	32.1×
Freeport-McMoRan (FCX)	31.1×
Builders FirstSource (BLDR)	31.0×
Air Products and Chemicals (APD)	30.7×
Sherwin-Williams (SHW)	30.3×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
Avient (AVNT)	21.1×
Steel Dynamics (STLD)	20.6×
Agnico Eagle Mines (AEM)	19.0×
H.B. Fuller (FUL)	18.8×
Nucor (NUE)	16.9×
PPG Industries (PPG)	15.1×
Martin Marietta Materials (MLM)	14.0×
CRH (CRH)	13.9×
Newmont (NEM)	13.9×
CF Industries Holdings (CF)	11.4×
Mosaic (MOS)	11.1×

P/E Ratio for Ecolab (ECL) 2002-2026

P/E Ratio daily chart for Ecolab (ECL)

Historical P/E Ratio for Ecolab (ECL) from 2002 to 2025

About P/E Ratio at Ecolab (ECL)

Ecolab P/E Ratio by Year

Ecolab P/E Ratio 2025: 35.7×

Ecolab P/E Ratio 2024: 31.7×

Ecolab P/E Ratio 2023: 41.2×

Ecolab P/E Ratio 2022: 37.9×

Ecolab P/E Ratio 2021: 59.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Ecolab (ECL) Key Financials