Question 1

What is Fastenal's P/E ratio?

Accepted Answer

Fastenal (FAST) P/E ratio is 38.6× 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 Fastenal?

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 Fastenal specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

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

Accepted Answer

Fastenal's P/E ratio of 38.6× is above its own 5-year average of 34.3× and above the sector median of 27.8×. That places the current reading at the 70th 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 Fastenal's historical P/E ratio range?

Accepted Answer

In the available daily series, Fastenal (FAST) P/E ratio has ranged from a low of 18.4× in 2009 to a high of 48.7× in 2025. The 5-year average is 34.3× and the 5-year median is 35.1×.

Question 7

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

Accepted Answer

Fastenal (FAST) P/E ratio at the end of 2025 was 36.6×. 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 Fastenal'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	$46.1B	$1.26B	36.6×	+0.8×	Dec 31, 2025
2024	$41.2B	$1.15B	35.8×	+3.8×	Dec 31, 2024
2023	$37B	$1.16B	32.1×	+7.2×	Dec 31, 2023
2022	$27B	$1.09B	24.9×	-15.0×	Dec 31, 2022
2021	$36.9B	$925M	39.8×	+7.2×	Dec 31, 2021
2020	$28B	$859M	32.6×	+5.8×	Dec 31, 2020
2019	$21.2B	$791M	26.8×	+6.9×	Dec 31, 2019
2018	$15B	$752M	19.9×	-7.3×	Dec 31, 2018
2017	$15.7B	$579M	27.2×	-0.0×	Dec 31, 2017
2016	$13.6B	$499M	27.2×	+4.3×	Dec 31, 2016
2015	$11.8B	$516M	22.9×	-5.6×	Dec 31, 2015
2014	$14.1B	$494M	28.5×	-2.9×	Dec 31, 2014
2013	$14.1B	$449M	31.4×	-1.4×	Dec 31, 2013
2012	$13.8B	$421M	32.9×	-3.1×	Dec 31, 2012
2011	$12.9B	$358M	36.0×	+2.7×	Dec 31, 2011
2010	$8.83B	$265M	33.3×	-0.1×	Dec 31, 2010
2009	$6.16B	$184M	33.4×	+14.9×	Dec 31, 2009
2008	$5.18B	$280M	18.5×	-7.5×	Dec 31, 2008
2007	$6.06B	$233M	26.0×	-1.2×	Dec 31, 2007
2006	$5.42B	$199M	27.2×	-8.2×	Dec 31, 2006
2005	$5.91B	$167M	35.4×	-0.2×	Dec 31, 2005
2004	$4.67B	$131M	35.7×	-9.2×	Dec 31, 2004
2003	$3.78B	$84.1M	44.9×	+7.3×	Dec 31, 2003
2002	$2.84B	$75.5M	37.6×	—	Dec 31, 2002


Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
United Parcel Service (UPS)	15.9×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for Fastenal (FAST) 2002-2026

P/E Ratio daily chart for Fastenal (FAST)

Historical P/E Ratio for Fastenal (FAST) from 2002 to 2025

About P/E Ratio at Fastenal (FAST)

Fastenal P/E Ratio by Year

Fastenal P/E Ratio 2025: 36.6×

Fastenal P/E Ratio 2024: 35.8×

Fastenal P/E Ratio 2023: 32.1×

Fastenal P/E Ratio 2022: 24.9×

Fastenal P/E Ratio 2021: 39.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Fastenal (FAST) Key Financials