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Do You Know What Textron Inc.'s (NYSE:TXT) P/E Ratio Means? [Yahoo! Finance News]

Textron Inc. (TXT) 
Last textron inc. earnings: 4/30 06:30 am Check Earnings Report
Do You Know What Textron Inc.'s (NYSE:TXT) P/E Ratio Means? This article is written for those who want to get better at using price to earnings ratios P/E ratios). We'll show how you can use Textron Inc.'s NYSE:TXT Textron has a price to earnings ratio of 9.25 See our latest analysis for Textron How Do You Calculate Textron's P/E Ratio? The formula for P/E Price to Earnings Ratio = Share Price ÷ Earnings per Share EPS) Or for Textron: P/E of 9.25 = $46.76 ÷ $5.06 Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? A higher P/E ratio means that investors are paying a higher price How Does Textron's P/E Ratio Compare To Its Peers? One good way to get a quick read on what market participants expect of a company is to look at its P/E ratio. The image below shows that Textron has a lower P/E than the average 22.9) P/E for companies in the aerospace & defense industry. Textron's P/E tells us that market participants think it will not fare as well as its peers in the sa Show less Read more
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