Illinois Tool WorksSTU:ILT +0.78%83 PB Ratio is 23.92 as of Jun. 25, 2026, which is 16% above its 10-year median of 20.57. GuruFocus rates STU:ILT with a GF Score™ of 83/100 and a GF Value™ of €234.19 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,986 Industrial Products companies, Illinois Tool Works ranks worse than 97.82% on this metric.
The historical rank and industry rank for Illinois Tool Works's PB Ratio or its related term are showing as below:
STU:ILT'
s PB Ratio Range Over the Past 10 Years
Min: 7.52 Med: 20.57 Max: 26.92
Current: 23.49
During the past 13 years, Illinois Tool Works's highest PB Ratio was 26.92. The lowest was 7.52. And the median was 20.57.
STU:ILT's PB Ratio is ranked worse than 97.82% of 2986
companies
in the Industrial Products industry
Industry Median: 2.32
vs STU:ILT: 23.49
During the past 12 months, Illinois Tool Works's average Book Value Per Share Growth Rate was 1.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Illinois Tool Works was 27.80% per year. The lowest was -18.40% per year. And the median was 7.40% per year.
Back to Basics: PB Ratio
Illinois Tool Works (STU:ILT) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Illinois Tool Works PB Ratio Related Terms
Illinois Tool Works PB Ratio Historical Data
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The historical data trend for Illinois Tool Works's PB 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.
For the Specialty Industrial Machinery subindustry, Illinois Tool Works's PB Ratio, along with its competitors' market caps and PB 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.
Illinois Tool Works PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Illinois Tool Works's PB Ratio distribution charts can be found below:
* The bar in red indicates where Illinois Tool Works's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Illinois Tool Works (STU:ILT) has a PB Ratio of 23.92 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Illinois Tool Works and its competitors. This is 16% above median its historical median of 20.57. Over the past decade, Illinois Tool Works' PB Ratio has ranged from 7.52 to 26.92. According to the industry distribution chart, Illinois Tool Works ranks #2921 out of 2986 companies in the Industrial Products industry, placing it in the top 97.8%.
Is Illinois Tool Works' PB Ratio too high?
Illinois Tool Works' current PB Ratio of 23.92 is 16% above median its 10-year median of 20.57. Over the past 10 years, this metric has ranged from a low of 7.52 to a high of 26.92. The Industrial Products industry median PB Ratio is 2.32. Illinois Tool Works' value of 23.92 is 931% above this industry median. Based on the distribution chart, Illinois Tool Works ranks #2921 out of 2986 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Illinois Tool Works has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Illinois Tool Works' PB Ratio compare to EMR and CMI?
According to the Industrial Products industry distribution chart, Illinois Tool Works ranks #2921 out of 2986 companies for PB Ratio. This places Illinois Tool Works in the lower half of its industry. The industry median PB Ratio is 2.32. Illinois Tool Works' value of 23.92 is 931% above this benchmark. Historically, Illinois Tool Works' own PB Ratio has ranged from 7.52 to 26.92 over the past decade. While the company's 10-year median is 20.57 vs. the industry median of 2.32, Illinois Tool Works has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.32, based on 2,986 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Illinois Tool Works's current PB Ratio of 23.92 is 931% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Illinois Tool Works and its competitors. For the Industrial Products industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Illinois Tool Works's current PB Ratio is 23.92, which is 16% above median its own 10-year median of 20.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Illinois Tool Works stock overvalued right now?
Based on GuruFocus' analysis, Illinois Tool Works (STU:ILT) is currently considered Fairly Valued. The stock's GF Value™ is €234.19, compared to a current price of €232.20 — trading 0.8% below its estimated fair value. The current PB Ratio is 23.92, which is 16% above median its 10-year median of 20.57 and 931% above the Industrial Products industry median of 2.32. Illinois Tool Works' overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Illinois Tool Works (STU:ILT), the current PB Ratio is 23.92 as of Jun. 25, 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 Illinois Tool Works (STU:ILT) Overvalued in 2026?
Based on GuruFocus' analysis, Illinois Tool Works stock appears to be undervalued.
The current stock price of €232.20 is trading 0.8% below its estimated GF Value™ of €234.19.
GuruFocus considers Illinois Tool Works to be Fairly Valued.
Key valuation signals for STU:ILT:
PB Ratio: 23.92 (16% above median its 10-year median of 20.57)
GF Value™: €234.19 vs. price of €232.20 (0.8% below fair value)
Industry Position: 931% above the Industrial Products median (#2921 of 2986)
No single metric tells the full story. See the STU:ILT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one-fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test and measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers and fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.
83GF Score
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