Question 1

What is Honeywell International's P/E ratio?

Accepted Answer

Honeywell International (HON) P/E ratio is 18.1× 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 Honeywell International?

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

Question 5

Is Honeywell International's P/E ratio high or low?

Accepted Answer

Honeywell International's P/E ratio of 18.1× is above its own 5-year average of 12.7× and below the sector median of 27.8×. That places the current reading at the 1th 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 Honeywell International's historical P/E ratio range?

Accepted Answer

In the available daily series, Honeywell International (HON) P/E ratio has ranged from a low of 3.8× in 2009 to a high of 63.5× in 2002. The 5-year average is 12.7× and the 5-year median is 12.4×.

Question 7

What was Honeywell International's P/E ratio in 2025?

Accepted Answer

Honeywell International (HON) P/E ratio at the end of 2025 was 13.1×. 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 Honeywell International'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	$62B	$4.73B	13.1×	+0.2×	Dec 31, 2025
2024	$73.5B	$5.71B	12.9×	+0.7×	Dec 31, 2024
2023	$68.8B	$5.66B	12.2×	-2.3×	Dec 31, 2023
2022	$71.9B	$4.97B	14.5×	+1.5×	Dec 31, 2022
2021	$71.8B	$5.54B	12.9×	-2.7×	Dec 31, 2021
2020	$74.6B	$4.78B	15.6×	+5.3×	Dec 31, 2020
2019	$63.1B	$6.14B	10.3×	+3.1×	Dec 31, 2019
2018	$48.5B	$6.77B	7.2×	-26.5×	Dec 31, 2018
2017	$55.6B	$1.65B	33.7×	+24.9×	Dec 31, 2017
2016	$42.3B	$4.81B	8.8×	+0.8×	Dec 31, 2016
2015	$38B	$4.77B	8.0×	-0.8×	Dec 31, 2015
2014	$37.3B	$4.24B	8.8×	+0.1×	Dec 31, 2014
2013	$34.2B	$3.92B	8.7×	+0.6×	Dec 31, 2013
2012	$23.8B	$2.93B	8.1×	-1.6×	Dec 31, 2012
2011	$20B	$2.07B	9.7×	+1.2×	Dec 31, 2011
2010	$19.6B	$2.32B	8.5×	+1.9×	Dec 31, 2010
2009	$14.2B	$2.15B	6.6×	+2.5×	Dec 31, 2009
2008	$11.4B	$2.79B	4.1×	-4.9×	Dec 31, 2008
2007	$21.8B	$2.44B	8.9×	+0.5×	Dec 31, 2007
2006	$17.5B	$2.08B	8.4×	-0.7×	Dec 31, 2006
2005	$14.9B	$1.64B	9.1×	-2.1×	Dec 31, 2005
2004	$14.3B	$1.28B	11.1×	+0.8×	Dec 31, 2004
2003	$13.7B	$1.32B	10.3×	—	Dec 31, 2003
2002	$9.37B	-$220M	—	—	Dec 31, 2002


General Dynamics (GD)	21.9×
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×
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 Honeywell International (HON) 2003-2026

P/E Ratio daily chart for Honeywell International (HON)

Historical P/E Ratio for Honeywell International (HON) from 2002 to 2025

About P/E Ratio at Honeywell International (HON)

Honeywell International P/E Ratio by Year

Honeywell International P/E Ratio 2025: 13.1×

Honeywell International P/E Ratio 2024: 12.9×

Honeywell International P/E Ratio 2023: 12.2×

Honeywell International P/E Ratio 2022: 14.5×

Honeywell International P/E Ratio 2021: 12.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Honeywell International (HON) Key Financials