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Honeywell International (MEX:HON) 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 .
Honeywell International Forward PE Ratio Related Terms
Honeywell International Forward PE Ratio Historical Data
* 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.
Honeywell International Forward PE Ratio Chart
Honeywell International Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
15.72
16.61
19.16
16.13
26.53
22.94
23.26
20.75
20.66
18.95
Honeywell International Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
15.72
15.58
17.36
15.92
16.61
17.79
18.87
17.86
19.16
18.66
17.64
19.12
16.13
20.08
21.55
18.80
15.43
20.04
20.62
26.53
27.40
27.78
24.15
22.94
22.62
20.41
17.33
23.26
20.96
22.78
18.18
20.75
20.08
20.75
18.83
20.66
20.37
21.59
18.50
18.95
21.51
11.00
MEX:HON vs MMM, VMI, SEB: Forward PE Ratio Comparison
For the Conglomerates subindustry, Honeywell International'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.
Honeywell International Forward PE Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Honeywell International's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Honeywell International's Forward PE Ratio falls into.
Honeywell International 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.
Honeywell International (MEX:HON) has a Forward PE Ratio of 28.98 as of Jul. 26, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Honeywell International and its competitors. According to the industry distribution chart, Honeywell International ranks #185 out of 215 companies in the Conglomerates industry, placing it in the top 86%.
Is Honeywell International's Forward PE Ratio too high?
Honeywell International's current Forward PE Ratio is 28.98. The Conglomerates industry median Forward PE Ratio is 12.96. Honeywell International's value of 28.98 is 123.6% above this industry median. Based on the distribution chart, Honeywell International ranks #185 out of 215 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Honeywell International has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Honeywell International's Forward PE Ratio compare to MMM and VMI?
According to the Conglomerates industry distribution chart, Honeywell International ranks #185 out of 215 companies for Forward PE Ratio. This places Honeywell International in the lower half of its industry. The industry median Forward PE Ratio is 12.96. Honeywell International's value of 28.98 is 123.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Conglomerates company?
The median Forward PE Ratio among Conglomerates companies is 12.96, based on 215 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honeywell International's current Forward PE Ratio of 28.98 is 123.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Honeywell International and its competitors. For the Conglomerates industry, the median Forward PE Ratio is 12.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell International's current Forward PE Ratio is 28.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell International stock overvalued right now?
Based on GuruFocus' analysis, Honeywell International (MEX:HON) is currently considered Fairly Valued. The stock's GF Value™ is MXN3,839.18, compared to a current price of MXN4,125.00 — trading 7.4% above its estimated fair value. The current Forward PE Ratio is 28.98 and 123.6% above the Conglomerates industry median of 12.96. Honeywell International's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Honeywell International (MEX:HON), the current Forward PE Ratio is 28.98 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Honeywell International (MEX:HON) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell International stock appears to be overvalued.
The current stock price of MXN4,125.00 is trading 7.4% above its estimated GF Value™ of MXN3,839.18.
GuruFocus considers Honeywell International to be Fairly Valued.
Key valuation signals for MEX:HON:
Forward PE Ratio: 28.98
GF Value™: MXN3,839.18 vs. price of MXN4,125.00 (7.4% above fair value)
Industry Position: 123.6% above the Conglomerates median (#185 of 215)
No single metric tells the full story. See the MEX:HON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
68GF Score
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