Eaton Corporation plc (ETN)

NYSE: ETN · USD

$393

+8.72 (+2.3%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-27

Our latest published analysis: ETN rated Sell

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.

Fair value

$265 / share

Potential value

$326 / share

Upside to FV

-39.8%

from $393

Moat

8.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

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

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 30B
Net income (ttm): 3.8B
EPS (ttm): $9.82
P/E (trailing): 40.0x
P/E (forward): 27.6x
Market cap: $170.9B

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%

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ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	持有
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	持有

Base and Bull scenarios

Base60%

Price target

$264.77

-39.8% from spot

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.

Consolidated revenue expands from $31.91B in FY2026 to $44.05B in FY2030, driven by Electrical Americas and Electrical Global guidance
Operating margin expands from 20.19% in FY2026 to 22.49% by FY2030
EPS reaches consensus estimates of $13.55 in FY2026 and $16.13 in FY2027
Operating tax rate normalized at 16.61% to 17.00%
Net reinvestment rate scales from 24.0% in FY2026 to 20.0% in FY2030, supporting a 3.0% terminal growth rate
Cash flows discounted at 9.10% WACC with a normalized terminal P/E of 21.0x

Bull20%

Price target

$325.92

-25.9% from spot

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.

EPS compounds at an accelerated rate through FY2028
Electrical Americas operating margin reaches 32.0% ahead of 2030
Organic revenue growth sustains mid-teens compounding supported by Boyd and Fibrebond synergies
Terminal valuation multiple re-rates toward pure-play electrification peers at 26.0x

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($264.77). Each row and column shows what Fair value becomes when one assumption moves.

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

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E27.6

P25 n/aP50 n/aP75 n/a

Trailing P/E44.9

P25 n/aP50 n/aP75 n/a

ROE19.7

P25 n/aP50 n/aP75 n/a

ROIC10.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All ETN indicators

Market & fundamental data

Available fields

283

Groups with data

Currency

USD

Showing 283 of 283 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001551182
Company name	Eaton Corporation plc
Country	Ireland
Country code	US
CUSIP number	G29183103
Earnings date	2026-11-03
Earnings time	bmo
Employees	97,000
Employees change	2,557
Employees growth	2.71%
Enterprise value	$173.2B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1916
In index	SP500
Industry	Specialty Industrial Machinery
Is primary listing	Yes
Is SPAC	No
ISIN number	IE00B8KQN827
Last 10-K release date	2026-02-26
Last earnings date	2026-07-31
Last refreshed	2026-10-28
Last stock split date	2011-03-01
Last stock split type	Forward
Market cap	$152.6B
Market cap category	Large-Cap
Next earnings date	2026-11-03
Options	Yes
Price	$392.91
Price currency	USD
Sector	Industrials
SIC code	3590
Stock price date	2026-10-28
Symbol	ETN
Website	https://www.eaton.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	31.79x
Average P/E ratio (10Y)	24.99x
Average P/E ratio (3Y)	33.92x
Average P/E ratio (5Y)	31.08x
Earnings yield	2.5%
EV/Earnings	45.23x
EV/EBIT	31.75x
EV/EBITDA	26.09x
EV/FCF	44.03x
EV/Sales	5.77x
FCF / EV yield	2.27%
FCF yield	2.58%
Forward EV/Sales	4.92x
Forward P/E	25.97x
Forward P/S	4.34x
Graham number	107.35402
Graham upside	-72.67%
Industry forward P/E	24.98x
Industry P/E	32.46x
Lynch fair value	$149.57
Lynch upside	-61.92%
P/B ratio	7.37x
P/E ratio	40x
P/FCF ratio	38.78x
P/OCF ratio	30.82x
P/S ratio	5.08x
PEG ratio	1.93x
Price/EBITDA ratio	22.98x
Sector forward P/E	26.03x
Sector P/E	40.37x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	18.17%
EBITDA margin	22.11%
Effective tax rate	20.48%
FCF margin	13.1%
Gross margin	36.02%
Operating margin	18.17%
Pretax margin	16.05%
Profit margin	12.75%
Profit per employee	$39,474
Profitable quarters	69
Profitable years	33
Revenue per employee	$309,546
ROA	7.05%
ROA (5Y)	6.57%
ROCE	12.32%
ROE	19.68%
ROE (5Y)	17.59%
ROIC	10.61%
ROIC (5Y)	12.23%
Tax / revenue	3.29%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-1.21%
EPS growth (Q)	-15.94%
EPS growth (QoQ)	-4.95%
EPS growth 10Y	9.26%
EPS growth 3Y	13.21%
EPS growth 5Y	15.9%
EPS growth years	5
FCF growth	20.12%
FCF growth (Q)	22.07%
FCF growth (QoQ)	178.34%
FCF growth 3Y	13.28%
FCF growth 5Y	11.31%
Gross profit growth	8.68%
Gross profit growth (Q)	8.86%
Gross profit growth 3Y	12.43%
Gross profit growth 5Y	11.91%
Net income growth	-2.45%
Net income growth (Q)	-16.4%
Net income growth (QoQ)	-5.2%
Net income growth 3Y	12.2%
Net income growth 5Y	15.23%
Net income growth years	5
OCF growth	21.86%
OCF growth (Q)	22.77%
OCF growth (QoQ)	122.29%
OCF growth 10Y	5.68%
OCF growth 3Y	14.06%
OCF growth 5Y	12.38%
Operating income growth	9.94%
Operating income growth (Q)	8.28%
Operating income growth 3Y	16.62%
Operating income growth 5Y	17.7%
Revenue growth	15.53%
Revenue growth (Q)	21.39%
Revenue growth (QoQ)	14.49%
Revenue growth 10Y	4.07%
Revenue growth 3Y	10.84%
Revenue growth 5Y	9.45%
Revenue growth quarters	16
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1B
Depreciation and amortization	$1.2B
EBIT	$5.5B
EBITDA	$6.6B
EPS	$9.82
FCF per share	$10.13
Financing cash flow	$7.4B
Free cash flow	$3.9B
Gross profit	$10.8B
Income taxes	$987M
Investing cash flow	$-12.3B
Net borrowing	$9.7B
Net cash flow	$85M
Net income	$3.8B
Operating income	$5.5B
Revenue	$30B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.6
Book value per share	$52.15
Debt / EBITDA	3.07
Debt / equity	1.05
Debt / FCF	5.42
Goodwill	$20.2B
Interest coverage	11.71
Long-term assets	$41.4B
Long-term liabilities	$24B
Net cash (debt)	$-20.6B
Net cash / market cap	-13.52%
Net debt / EBITDA	3.11
Net debt / equity	1.02
Net debt / FCF	5.24
Piotroski F-Score	5
Property, plant and equipment	$5.6B
Shareholders' equity	$20.3B
Tangible book value	$-12.6B
Tangible book value per share	$-32.40
Total assets	$56.2B
Total cash	$695M
Total debt	$21.3B
Total liabilities	$35.9B
WACC	9.38%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.62
Current assets	$14.8B
Current liabilities	$11.9B
Current ratio	1.24
Inventory turnover	3.84
Net working capital	$4.3B
Quick ratio	0.7
Working capital	$2.9B
Working capital turnover	11.62

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.33%
Dividend growth	6.9%
Dividend growth (10Y)	6.74%
Dividend growth (3Y)	8.58%
Dividend growth (5Y)	7.59%
Dividend growth years	16
Dividend payment date	2026-08-28
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$4.40
Dividend yield	1.12%
Ex-dividend date	2026-08-07
FCF payout ratio	43.44%
Last dividend	$1.10
Payout ratio	44.8%
Shareholder yield	2.45%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	530.78%
10Y return CAGR	23.08%
10Y total return	697.7%
150-day SMA	$408.49
15Y price change	739.19%
15Y return CAGR	18.28%
15Y total return	1,140.46%
1D price change	2.27%
1M price change	-10.7%
1M total return	-10.7%
1W price change	-0.26%
1W total return	-0.26%
1Y price change	3.47%
1Y return CAGR	4.62%
1Y total return	4.62%
20-day SMA	$407.29
200-day SMA	$396.43
20Y price change	976.61%
20Y return CAGR	15.67%
20Y total return	1,737.71%
3M price change	-1.44%
3M total return	-1.19%
3Y price change	101.17%
3Y return CAGR	27.81%
3Y total return	108.83%
50-day SMA	$412.66
50-day SMA vs 200-day SMA	50over200
52-week high	$478.00
52-week high date	2026-08-12
52-week low	$311.92
52-week low date	2025-12-17
5Y price change	145.39%
5Y return CAGR	21.54%
5Y total return	165.16%
6M price change	-5.72%
6M total return	-5.23%
All-time high	$478.00
All-time high date	2026-08-12
All-time low	$1.00
All-time low date	1974-12-23
Average true range (ATR)	$15.18
Average volume	2.4M
Beta (1Y)	1.09
Beta (2Y)	1.28
Beta (5Y)	1.13
Change from 52-week high	-17.8%
Change from 52-week low	25.97%
Change from all-time high	-17.8%
Change from all-time low	39,191%
Change from open	-1.04%
Day's gap	3.34%
Dollar volume	$873.2M
High price	$397.04
Low price	$388.23
Monthly RSI	55.36
Open price	$397.04
Position in 52-week range	53.12%
Premarket change	3.47%
Premarket close	$384.20
Premarket price	$397.53
Premarket volume	28.5K
Previous close	$384.20
Price vs 150-day SMA	-3.81%
Price vs 20-day SMA	-3.53%
Price vs 200-day SMA	-0.89%
Price vs 50-day SMA	-4.79%
Relative volume	0.94
RSI	45.18
Sharpe ratio	0.21
Sharpe ratio (3Y)	0.76
Sharpe ratio (5Y)	0.63
Sortino ratio	0.44
Sortino ratio (3Y)	1.23
Sortino ratio (5Y)	1.06
Volume	2.2M
Weekly RSI	47.14
YTD price change	23.36%
YTD total return	24.39%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	387.7M
Float percentage	99.82%
Shares change (QoQ)	0.08%
Shares change (YoY)	-1.33%
Shares held by insiders	0.06%
Shares held by institutions	87.26%
Shares outstanding	388.4M
Short % of float	2.06%
Short % of shares	2.06%
Short ratio	3.8 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	216

Deeper analysis on ETN

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this ETN report

What is the latest published ETN stock rating?

Eaton Corporation plc is shown with Sell in the latest published report, analyzed 2026-09-27. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full ETN analysis?

The full latest published report, analyzed 2026-09-27, lives at /stocks/ETN/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for ETN?

The latest published report analyzed 2026-09-27 gives ETN a fair value of USD 265 and a potential value of USD 326. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the ETN page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-27). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellETN · Fair value $265-39.8%

Read full analysis →

Eaton Corporation plc (ETN)

Our latest published analysis: ETN rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · ETN

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All ETN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on ETN

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	1.5
Management	9.5
Balance Sheet	5.0
Profitability	6.5
Revenue Growth	7.5
Risk Assessment	6.0
Competitive Moat	8.5
Earnings Quality	4.5
Capital Efficiency	6.5