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Eaton Corporation plc's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $170.9B | |
|---|---|---|
| Revenue (ttm) | 30B | |
| Net income (ttm) | 3.8B | |
| EPS (ttm) | $9.82 | |
| Shares out | 388.4M | |
| P/E (trailing) | 40.0x | |
| P/E (forward) | 27.6x | |
| Dividend | $4.40 (1.12%) | |
| Volume | 2,222,382 | |
| Beta | 1.13 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $19.63B | $20.75B | $23.20B | $24.88B | $27.45B | +8.7% |
| Gross profit | $6.32B | $6.91B | $23.20B | $9.50B | $10.32B | +13.1% |
| Operating income | $3.04B | $3.00B | $3.82B | $4.71B | $5.20B | +14.3% |
| Net income | $2.14B | $2.46B | $3.22B | $3.79B | $4.09B | +17.5% |
| EPS (diluted) | $5.34 | $6.14 | $8.02 | $9.50 | $10.45 | +18.3% |
| EBITDA | $3.96B | $3.95B | $3.82B | $5.63B | $5.95B | +10.7% |
| R&D | $616.0M | $665.0M | $754.0M | $794.0M | $797.0M | +6.7% |
| SG&A | $3.26B | $3.23B | $3.80B | $4.08B | $4.31B | +7.3% |
Recent company headlines from major financial publishers.
The base case represents the modal expected compounding path, yielding a synthesized fair value midpoint of USD 264.77. Eaton delivers strong operational performance, expanding revenue by 16.3% in FY2026 and 11.9% in FY2027, with Electrical Americas benefiting from AI power infrastructure demand. Second-half margins expand as negative price/cost reverses. However, discounting explicit five-year cash flows at a 9.10% WACC and applying a normalized terminal multiple of 21.0x establishes that current trading levels ($439.98) represent a 66.17% premium to fair value.
In the upside scenario, fair value reaches USD 325.92. Hyperscale data center construction accelerates further, and grid upgrade mandates expand order backlogs beyond current record levels. Electrical Americas achieves its 32% margin target ahead of schedule through aggressive price realization and operating leverage. However, even in this scenario, $439.98 exceeds upside intrinsic value, highlighting extreme market pricing.
| Ke ↓ / g → | 2.5% | 2.8% | 3.0% | 3.3% | 3.5% |
|---|---|---|---|---|---|
| 8.1% | $277 | $280 | $284 | $288 | $293 |
| 8.6% | $268 | $271 | $274 | $277 | $281 |
| 9.1% | $260 | $262 | $265 | $268 | $271 |
| 9.6% | $253 | $255 | $257 | $259 | $262 |
| 10.1% | $247 | $248 | $250 | $252 | $254 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
