Question 1

What is Fastenal's P/E ratio?

Accepted Answer

Fastenal (FAST) P/E ratio is 41.4× as of June 5, 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 41.4× is above its own 5-year average of 34.0× and above the sector median of 27.8×. That places the current reading at the 89th 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 34.0× and the 5-year median is 34.6×.

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	$46.07B	$1.26B	36.6×	+0.8×	Dec 31, 2025
2024	$41.22B	$1.15B	35.8×	+3.8×	Dec 31, 2024
2023	$37.03B	$1.16B	32.1×	+7.2×	Dec 31, 2023
2022	$27.02B	$1.09B	24.9×	-15.0×	Dec 31, 2022
2021	$36.85B	$925.00M	39.8×	+7.2×	Dec 31, 2021
2020	$28.04B	$859.10M	32.6×	+5.8×	Dec 31, 2020
2019	$21.22B	$790.90M	26.8×	+6.9×	Dec 31, 2019
2018	$14.97B	$751.90M	19.9×	-7.3×	Dec 31, 2018
2017	$15.73B	$578.60M	27.2×	-0.0×	Dec 31, 2017
2016	$13.59B	$499.40M	27.2×	+4.3×	Dec 31, 2016
2015	$11.83B	$516.36M	22.9×	-5.6×	Dec 31, 2015
2014	$14.08B	$494.15M	28.5×	-2.9×	Dec 31, 2014
2013	$14.10B	$448.64M	31.4×	-1.4×	Dec 31, 2013
2012	$13.83B	$420.54M	32.9×	-3.1×	Dec 31, 2012
2011	$12.88B	$357.93M	36.0×	+2.7×	Dec 31, 2011
2010	$8.83B	$265.36M	33.3×	-0.1×	Dec 31, 2010
2009	$6.16B	$184.36M	33.4×	+14.9×	Dec 31, 2009
2008	$5.18B	$279.70M	18.5×	-7.5×	Dec 31, 2008
2007	$6.06B	$232.62M	26.0×	-1.2×	Dec 31, 2007
2006	$5.42B	$199.04M	27.2×	-8.2×	Dec 31, 2006
2005	$5.91B	$166.81M	35.4×	-0.2×	Dec 31, 2005
2004	$4.67B	$130.99M	35.7×	-9.2×	Dec 31, 2004
2003	$3.78B	$84.12M	44.9×	+7.3×	Dec 31, 2003
2002	$2.84B	$75.54M	37.6×	+1.6×	Dec 31, 2002
2001	$2.53B	$70.11M	36.0×	—	Dec 31, 2001


Lennox International (LII)	20.6×
Paychex (PAYX)	20.6×
Copart (CPRT)	20.4×
Otis Worldwide (OTIS)	20.2×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Carlisle Companies (CSL)	18.8×
Automatic Data Processing (ADP)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
United Rentals (URI)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
A. O. Smith (AOS)	17.4×
FedEx (FDX)	16.9×
Textron (TXT)	16.6×
United Parcel Service (UPS)	15.9×
ABM Industries (ABM)	15.2×
Gartner (IT)	14.9×
AGCO (AGCO)	10.9×
Delta Air Lines (DAL)	9.7×
United Airlines Holdings (UAL)	8.2×
Versant Media Group, Inc. Class A (VSNT)	6.3×

P/E Ratio for Fastenal (FAST)

P/E Ratio daily chart for Fastenal (FAST)

Historical P/E Ratio for Fastenal (FAST) from 2001 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

P/E Ratio daily chart for Fastenal (FAST)

Historical P/E Ratio for Fastenal (FAST) from 2001 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

+What is Fastenal's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Fastenal?

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

+What is Fastenal's historical P/E ratio range?

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

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

Fastenal (FAST) Key Financials