The PEG ratio, another valuation tool, starts with the price-to-earnings ratio and divides the P/E by estimated earnings growth.
A good PEG ratio is 1 or lower.
There is a major consideration when analyzing five-year valuation average comparisons: interest rates.
The company's P/E ratio of 21.5 times is about 20% cheaper than peers and below its historical average of 29.6.
Honeywell Price-to-earnings ratio (P/E): 19.4 P/E vs. peers: 10% cheaper P/E-to-growth ratio (PEG): 2.3 We like how Honeywell 's stock is valued post-earnings .
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