Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
Valuation ratio | Description | The company |
---|---|---|
P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Raytheon Co. P/E ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Raytheon Co. P/OP ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Raytheon Co. P/S ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Raytheon Co. P/BV ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Price to Earnings (P/E)
Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 278,441,000 | 278,479,000 | 278,534,000 | 279,871,000 | 282,239,000 | 284,577,000 | 285,260,000 | 287,250,000 | 288,506,000 | 289,087,000 | 290,249,000 | 291,074,000 | 292,880,000 | 293,647,000 | 295,095,000 | 296,980,000 | 298,998,000 | 301,098,000 | 303,548,000 | 305,142,000 | ||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||
Net income attributable to Raytheon Company (in millions) | 885) | 860) | 817) | 781) | 832) | 644) | 800) | 633) | 393) | 572) | 553) | 506) | 544) | 529) | 709) | 429) | 571) | 447) | 505) | 551) | ||||||
Earnings per share (EPS)2 | 12.01 | 11.81 | 11.04 | 10.92 | 10.31 | 8.68 | 8.41 | 7.49 | 7.02 | 7.52 | 7.35 | 7.86 | 7.55 | 7.62 | 7.31 | 6.57 | 6.94 | 0.00 | 0.00 | 0.00 | ||||||
Share price1, 3 | 229.76 | 211.21 | 192.63 | 177.37 | 180.94 | 176.52 | 192.43 | 211.07 | 212.58 | 181.86 | 169.53 | 156.26 | 151.96 | 136.28 | 138.06 | 127.51 | 126.57 | 117.28 | 103.21 | 108.55 | ||||||
Valuation Ratio | ||||||||||||||||||||||||||
P/E ratio4 | 19.14 | 17.88 | 17.45 | 16.24 | 17.56 | 20.34 | 22.89 | 28.19 | 30.30 | 24.17 | 23.08 | 19.88 | 20.13 | 17.88 | 18.90 | 19.40 | 18.25 | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
P/E Ratio, Competitors5 | ||||||||||||||||||||||||||
Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Caterpillar Inc. | 12.36 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Eaton Corp. plc | 18.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
GE Aerospace | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Honeywell International Inc. | 20.97 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Lockheed Martin Corp. | 19.87 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
RTX Corp. | 24.41 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
EPS
= (Net income attributable to Raytheon CompanyQ4 2019
+ Net income attributable to Raytheon CompanyQ3 2019
+ Net income attributable to Raytheon CompanyQ2 2019
+ Net income attributable to Raytheon CompanyQ1 2019)
÷ No. shares of common stock outstanding
= (885,000,000 + 860,000,000 + 817,000,000 + 781,000,000)
÷ 278,441,000 = 12.01
3 Closing price as at the filing date of Raytheon Co. Quarterly or Annual Report.
4 Q4 2019 Calculation
P/E ratio = Share price ÷ EPS
= 229.76 ÷ 12.01 = 19.14
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Raytheon Co. P/E ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Price to Operating Profit (P/OP)
Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 278,441,000 | 278,479,000 | 278,534,000 | 279,871,000 | 282,239,000 | 284,577,000 | 285,260,000 | 287,250,000 | 288,506,000 | 289,087,000 | 290,249,000 | 291,074,000 | 292,880,000 | 293,647,000 | 295,095,000 | 296,980,000 | 298,998,000 | 301,098,000 | 303,548,000 | 305,142,000 | ||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||
Operating income (in millions) | 1,279) | 1,206) | 1,176) | 1,113) | 1,214) | 1,183) | 1,100) | 1,041) | 870) | 858) | 849) | 741) | 862) | 806) | 960) | 612) | 828) | 697) | 648) | 840) | ||||||
Operating profit per share2 | 17.15 | 16.91 | 16.82 | 16.47 | 16.08 | 14.74 | 13.56 | 12.60 | 11.50 | 11.45 | 11.22 | 11.57 | 11.06 | 10.92 | 10.49 | 9.38 | 10.08 | 0.00 | 0.00 | 0.00 | ||||||
Share price1, 3 | 229.76 | 211.21 | 192.63 | 177.37 | 180.94 | 176.52 | 192.43 | 211.07 | 212.58 | 181.86 | 169.53 | 156.26 | 151.96 | 136.28 | 138.06 | 127.51 | 126.57 | 117.28 | 103.21 | 108.55 | ||||||
Valuation Ratio | ||||||||||||||||||||||||||
P/OP ratio4 | 13.40 | 12.49 | 11.45 | 10.77 | 11.25 | 11.98 | 14.19 | 16.76 | 18.48 | 15.88 | 15.10 | 13.50 | 13.74 | 12.48 | 13.15 | 13.60 | 12.56 | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||
Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Caterpillar Inc. | 9.08 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Eaton Corp. plc | 13.95 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
GE Aerospace | 9.22 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Honeywell International Inc. | 18.81 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Lockheed Martin Corp. | 14.49 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
RTX Corp. | 15.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
Operating profit per share
= (Operating incomeQ4 2019
+ Operating incomeQ3 2019
+ Operating incomeQ2 2019
+ Operating incomeQ1 2019)
÷ No. shares of common stock outstanding
= (1,279,000,000 + 1,206,000,000 + 1,176,000,000 + 1,113,000,000)
÷ 278,441,000 = 17.15
3 Closing price as at the filing date of Raytheon Co. Quarterly or Annual Report.
4 Q4 2019 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 229.76 ÷ 17.15 = 13.40
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Raytheon Co. P/OP ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Price to Sales (P/S)
Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 278,441,000 | 278,479,000 | 278,534,000 | 279,871,000 | 282,239,000 | 284,577,000 | 285,260,000 | 287,250,000 | 288,506,000 | 289,087,000 | 290,249,000 | 291,074,000 | 292,880,000 | 293,647,000 | 295,095,000 | 296,980,000 | 298,998,000 | 301,098,000 | 303,548,000 | 305,142,000 | ||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||
Net sales (in millions) | 7,842) | 7,446) | 7,159) | 6,729) | 7,360) | 6,806) | 6,625) | 6,267) | 6,783) | 6,284) | 6,281) | 6,000) | 6,238) | 6,033) | 6,035) | 5,763) | 6,328) | 5,783) | 5,848) | 5,288) | ||||||
Sales per share2 | 104.78 | 103.04 | 100.72 | 98.33 | 95.87 | 93.05 | 91.00 | 89.17 | 87.86 | 85.80 | 84.59 | 83.50 | 82.18 | 82.27 | 81.02 | 79.88 | 77.75 | 0.00 | 0.00 | 0.00 | ||||||
Share price1, 3 | 229.76 | 211.21 | 192.63 | 177.37 | 180.94 | 176.52 | 192.43 | 211.07 | 212.58 | 181.86 | 169.53 | 156.26 | 151.96 | 136.28 | 138.06 | 127.51 | 126.57 | 117.28 | 103.21 | 108.55 | ||||||
Valuation Ratio | ||||||||||||||||||||||||||
P/S ratio4 | 2.19 | 2.05 | 1.91 | 1.80 | 1.89 | 1.90 | 2.11 | 2.37 | 2.42 | 2.12 | 2.00 | 1.87 | 1.85 | 1.66 | 1.70 | 1.60 | 1.63 | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
P/S Ratio, Competitors5 | ||||||||||||||||||||||||||
Boeing Co. | 2.34 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Caterpillar Inc. | 1.48 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Eaton Corp. plc | 1.87 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
GE Aerospace | 1.18 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Honeywell International Inc. | 3.51 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Lockheed Martin Corp. | 2.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
RTX Corp. | 1.75 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
Sales per share
= (Net salesQ4 2019
+ Net salesQ3 2019
+ Net salesQ2 2019
+ Net salesQ1 2019)
÷ No. shares of common stock outstanding
= (7,842,000,000 + 7,446,000,000 + 7,159,000,000 + 6,729,000,000)
÷ 278,441,000 = 104.78
3 Closing price as at the filing date of Raytheon Co. Quarterly or Annual Report.
4 Q4 2019 Calculation
P/S ratio = Share price ÷ Sales per share
= 229.76 ÷ 104.78 = 2.19
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Raytheon Co. P/S ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Price to Book Value (P/BV)
Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 278,441,000 | 278,479,000 | 278,534,000 | 279,871,000 | 282,239,000 | 284,577,000 | 285,260,000 | 287,250,000 | 288,506,000 | 289,087,000 | 290,249,000 | 291,074,000 | 292,880,000 | 293,647,000 | 295,095,000 | 296,980,000 | 298,998,000 | 301,098,000 | 303,548,000 | 305,142,000 | ||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||
Total Raytheon Company stockholders’ equity (in millions) | 12,223) | 12,982) | 12,204) | 11,708) | 11,472) | 11,310) | 10,607) | 10,237) | 9,963) | 10,857) | 10,815) | 10,384) | 10,066) | 10,467) | 10,316) | 10,124) | 10,128) | 10,148) | 10,056) | 9,707) | ||||||
Book value per share (BVPS)2 | 43.90 | 46.62 | 43.82 | 41.83 | 40.65 | 39.74 | 37.18 | 35.64 | 34.53 | 37.56 | 37.26 | 35.67 | 34.37 | 35.64 | 34.96 | 34.09 | 33.87 | 33.70 | 33.13 | 31.81 | ||||||
Share price1, 3 | 229.76 | 211.21 | 192.63 | 177.37 | 180.94 | 176.52 | 192.43 | 211.07 | 212.58 | 181.86 | 169.53 | 156.26 | 151.96 | 136.28 | 138.06 | 127.51 | 126.57 | 117.28 | 103.21 | 108.55 | ||||||
Valuation Ratio | ||||||||||||||||||||||||||
P/BV ratio4 | 5.23 | 4.53 | 4.40 | 4.24 | 4.45 | 4.44 | 5.18 | 5.92 | 6.16 | 4.84 | 4.55 | 4.38 | 4.42 | 3.82 | 3.95 | 3.74 | 3.74 | 3.48 | 3.12 | 3.41 | ||||||
Benchmarks | ||||||||||||||||||||||||||
P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||
Boeing Co. | — | — | — | 1,689.96 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Caterpillar Inc. | 5.16 | 5.09 | 4.81 | 5.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Eaton Corp. plc | 2.48 | 2.32 | 2.14 | 2.16 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
GE Aerospace | 3.66 | 3.16 | 2.55 | 2.52 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Honeywell International Inc. | 6.97 | 6.61 | 7.00 | 6.56 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Lockheed Martin Corp. | 39.60 | 26.86 | 35.45 | 37.84 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
RTX Corp. | 3.24 | 3.05 | 2.87 | 3.05 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
BVPS = Total Raytheon Company stockholders’ equity ÷ No. shares of common stock outstanding
= 12,223,000,000 ÷ 278,441,000 = 43.90
3 Closing price as at the filing date of Raytheon Co. Quarterly or Annual Report.
4 Q4 2019 Calculation
P/BV ratio = Share price ÷ BVPS
= 229.76 ÷ 43.90 = 5.23
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Raytheon Co. P/BV ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |