Ecolab (ECL) valuation
Ecolab P/E ratio history
Ecolab trades at 41.2 times its earnings over the last twelve months and 33.3 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 26.2 (year to Dec 2017) to 60.0 (year to Dec 2021), with a median of 36.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $262.52 | $7.28 | 36.1 | 31.9 |
| Dec 31, 2024 | $234.32 | $7.38 | 31.8 | 32.2 |
| Dec 31, 2023 | $198.35 | $4.79 | 41.4 | 33.8 |
| Dec 31, 2022 | $145.56 | $3.82 | 38.1 | 30.0 |
| Dec 31, 2021 | $234.59 | $3.91 | 60.0 | 41.3 |
| Dec 31, 2020 | $216.36 | -$4.12 | n/m | — |
| Dec 31, 2019 | $192.99 | $5.33 | 36.2 | — |
| Dec 31, 2018 | $147.35 | $4.87 | 30.3 | — |
| Dec 31, 2017 | $134.18 | $5.12 | 26.2 | — |
| Dec 31, 2016 | $117.22 | $4.15 | 28.3 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Ecolab valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| EcolabECL | $84.9B | 41.2 | 33.3 | 4.9 |
| Sherwin-WilliamsSHW | $80.7B | 30.6 | 25.7 | 3.2 |
| PPG IndustriesPPG | $26.6B | 17.1 | 14.1 | 1.6 |
| DowDOW | $25.1B | — | 17.2 | 0.6 |
| International Flavors & FragrancesIFF | $23.7B | 84.6 | 26.1 | 2.4 |
| LyondellBasellLYB | $22.2B | — | 8.9 | 0.7 |
| DuPontDD | $19.1B | 147.0 | 18.4 | 4.1 |
| CF IndustriesCF | $18.9B | 9.2 | 9.4 | 2.5 |
| AlbemarleALB | $10.7B | 350.0 | 8.4 | 1.8 |
| Peer median | 57.6 | 15.6 | 2.1 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: ECL financials · ECL returns
No forecast, no recommendation. This page describes Ecolab from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.