Stocktoria

Eaton Corp plc ETN

NYSE · stock · Misc Industrial & Commercial Machinery & Equipment · website · IPO 2012-12-03

Eaton Corp plc statistics & valuation

Market cap$156.4B
P / E38.3×
P / S5.7×
P / B8.0×
P / FCF44.0×
Dividend yield1.04%
Net margin14.9%
Return on equity21.0%
FCF margin12.9%
Net debt$9.3B
Enterprise value USD$165.6B
Graham number -76.5%$108.17

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($108.17); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.90% 10.30% 7.90% 10.90% 11.90% 13.90% 15.30% 14.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
15.00% 15.80% 16.80% 17.20% 2016201720182019202020212022202320242025
Return on equity (%)
13.30% 13.70% 9.40% 13.00% 14.40% 16.90% 20.50% 21.00% 2016201720182019202020212022202320242025
Shares outstanding
456.5M 447.0M 436.9M 420.8M 404.0M 401.6M 400.8M 401.1M 399.4M 391.2M 2016201720182019202020212022202320242025
Net debt ($)
$7.72B $7.18B $6.82B $7.70B $7.62B $8.27B $8.04B $8.77B $8.60B $9.27B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.90% 6.70% 4.40% 6.30% 7.00% 8.40% 9.90% 9.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
10.50% 10.50% 9.70% 13.40% 14.30% 8.10% 9.30% 12.40% 14.10% 12.90% 2016201720182019202020212022202320242025
Debt / equity (×)
0.55× 0.45× 0.44× 0.50× 0.54× 0.52× 0.49× 0.49× 0.49× 0.51× 2016201720182019202020212022202320242025
EPS ($)
$4.20 $6.68 $4.91 $5.25 $3.49 $5.34 $6.14 $8.02 $9.50 $10.45 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Eaton Corp plc trades at about 44× earnings — above its 10-year norm (10-year range 12.6×–34.4×, median 29.7×).

12.6× 44×

Shaded band = 10-year range (12.6×–34.4×); dot = today's 44×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin——————17.2%16.8%15.8%15.0%
Net margin14.9%15.3%13.9%11.9%10.9%7.9%10.3%9.9%——
FCF margin12.9%14.1%12.4%9.3%8.1%14.3%13.4%9.7%10.5%10.5%
Return on assets9.9%9.9%8.4%7.0%6.3%4.4%6.7%6.9%——
Return on equity21.0%20.5%16.9%14.4%13.0%9.4%13.7%13.3%——
Debt / equity0.51×0.49×0.49×0.49×0.52×0.54×0.50×0.44×0.45×0.55×
Current ratio1.321.501.511.381.041.561.701.471.641.28

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.