Start with its own history
At 13.92×, TXT is 34.6% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · TXTAerospace & DefenseUpdated Nov 2, 2026
Textron Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.92×
34.6% belowthe 10-year annual average
Share price87.415
÷Earnings per share6.28
Price and EPS in quote currency. Calculation details
Investors are paying 13.92 for every 1 of reported earnings per share.
P/E over time
2016 – 2026
Annual P/ESelected-period average 21.27×
3-year average17.35×3 positive annual observations
5-year average18.54×5 positive annual observations
10-year average21.27×10 positive annual observations
Peer median · TTM23.84×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jan 3, 2026 | 17.00× | -3.6% |
| Dec 28, 2024 | 17.63× | +1.3% |
| Dec 30, 2023 | 17.41× | -0.4% |
| Dec 31, 2022 | 17.48× | -24.6% |
| Jan 1, 2022 | 23.18× | -35.2% |
| Jan 2, 2021 | 35.80× | +182.5% |
| Dec 31, 2019 | 12.67× | +33.1% |
| Dec 31, 2018 | 9.52× | -80.3% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 48.37× | +254.6% |
| Dec 31, 2016 | 13.64× | -17.2% |
| Dec 31, 2015 | 16.47× | -15.1% |
| Dec 31, 2014 | 19.41× | -6.6% |
| Dec 31, 2013 | 20.77× | +81.8% |
| Dec 31, 2012 | 11.42× | -46.2% |
| Dec 31, 2011 | 21.25× | -72.1% |
| Dec 31, 2010 | 76.26× | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | 7.04× | -63.8% |
| Dec 31, 2007 | 19.43× | -2.6% |
| Dec 31, 2006 | 19.95× | -60.6% |
| Dec 31, 2005 | 50.64× | +82.5% |
| Dec 31, 2004 | 27.74× | -6.6% |
| Dec 31, 2003 | 29.72× | N/M |
| Dec 31, 2002 | N/M | N/M |
| Dec 31, 2001 | 35.14× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How TXT compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 TXT This stockTextron Inc. | 13.92× |
 GDGeneral Dynamics Corporation | 21.62× |
 RTXRTX Corporation | 32.50× |
 NOCNorthrop Grumman Corporation | 17.49× |
 LMTLockheed Martin Corporation | 22.51× |
 LHXL3Harris Technologies, Inc. | 25.77× |
 BAThe Boeing Company | 18.54× |
 EADSFAirbus SE | 25.17× |
 RYCEYRolls-Royce Holdings plc | 35.66× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does TXT’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 23.84×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take TXT into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("TXT", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 87.415 ÷ EPS 6.28 = 13.92×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
TXT P/E ratio: common questions
The essentials behind the numbers.
Textron Inc.'s current P/E is 13.92× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.