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Eastman Chemical Co (LTS:0IF3) Forward PE Ratio : 11.49 (As of Dec. 11, 2024)


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What is Eastman Chemical Co Forward PE Ratio?

Eastman Chemical Co's Forward PE Ratio for today is 11.49.

Eastman Chemical Co's PE Ratio without NRI for today is 13.55.

Eastman Chemical Co's PE Ratio (TTM) for today is 13.30.


Eastman Chemical Co Forward PE Ratio Historical Data

The historical data trend for Eastman Chemical Co's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Eastman Chemical Co Forward PE Ratio Chart

Eastman Chemical Co Annual Data
Trend 2019-12 2020-12 2021-12 2024-12
Forward PE Ratio
10.34 14.49 12.61 11.62

Eastman Chemical Co Quarterly Data
2019-06 2019-09 2019-12 2020-03 2020-06 2020-09 2020-12 2021-03 2024-06 2024-09 2024-12
Forward PE Ratio 8.82 8.58 10.34 6.77 12.15 11.55 14.49 13.81 12.69 11.85 11.62

Competitive Comparison of Eastman Chemical Co's Forward PE Ratio

For the Specialty Chemicals subindustry, Eastman Chemical Co's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eastman Chemical Co's Forward PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Eastman Chemical Co's Forward PE Ratio falls into.



Eastman Chemical Co Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.


Eastman Chemical Co  (LTS:0IF3) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .


Eastman Chemical Co Forward PE Ratio Related Terms

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Eastman Chemical Co Business Description

Traded in Other Exchanges
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

Eastman Chemical Co Headlines

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