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STOCK COMPARISON

Eaton Corporation vs Honeywell International: Fair Value & Quality

Both stocks run through our valuation models. Here is how Eaton Corporation (ETN) and Honeywell International (HON) compare, as of Sep 10, 2026.

As of Sep 10, 2026, Fair Value Calculator sees Honeywell International as the more attractively valued of the two: Eaton Corporation trades at $415 versus a fair value of $169 (-59%), while Honeywell International trades at $205 versus $219 (+7%).
Eaton Corporation
ETN · USD · Industrials
-59%
upside to fair value
overvalued
Price$415
Fair Value$169
Quality71/100
Honeywell International
HON · USD · Industrials
+7%
upside to fair value
fairly valued
Price$205
Fair Value$219
Quality67/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Eaton CorporationHoneywell International
Valuation
39.1×P/E (TTM)18.1×
5.55×P/S (TTM)1.90×
8.14×P/B4.64×
26.2×EV/EBITDA10.1×
3.07×PEG8.32×
−59.4%Fair value upside+6.8%
1.0%Dividend yield2.2%
$4.22Dividend per share$9.28
Profitability
16%Operating margin21%
1.47×EBIT margin trend (5Y)1.00×
21%Return on equity24%
7%Return on assets6%
Growth
17%Revenue growth (YoY)2%
9.8%Avg. growth/yr (3Y)1.8%
9.0%Avg. growth/yr (5Y)2.8%
+19.0%Value creation/yr+0.8%
Balance & size
19.8×Interest coverage (EBIT/interest)4.9×
0.45×Debt / equity1.76×
$158BMarket cap$72B
healthyGrowth qualityhealthy

Eaton Corporation leads: 8 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Eaton Corporationof which business quality 68 · market factors 58 Honeywell Internationalof which business quality 62 · market factors 42
ProfitabilityMargins and returns on capital today
59
54
Quality GrowthAre margins and returns improving?
49
43
CashflowEarnings quality: real cash, not paper profit
61
67
Fin. StrengthBalance sheet, leverage, solvency risk
69
40
InvestmentDisciplined investing over empire-building
81
89
Low VolatilityCalm price path (market factor)
48
70
MomentumPrice trend over the last 3–12 months (market factor)
58
34
52W MomentumDistance to the 52-week high (market factor)
69
24
Net IssuanceBuybacks instead of dilution
96
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyEaton CorporationPrice $415Honeywell InternationalPrice $205
DCF Models-58%below the price$175+7%close to the price$220
Earnings-Based-80%below the price$82.02-1%close to the price$203
Dividend Discount-83%below the price$70.56-40%below the price$123
Multiples-56%below the price$183+30%above the price$266
Asset-Based-92%below the price$33.52-84%below the price$32.65
Growth DCF-64%below the price$150-7%close to the price$190
Economic Profit-75%below the price$105-45%below the price$114
Growth Earnings-54%below the price$190n/a
Minimum-92%below the price$33.52-84%below the price$32.65
Maximum-54%below the price$190+30%above the price$266
Median-69%below the price$127-7%close to the price$190
Geometric mean-74%below the price$108-32%below the price$140

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Eaton Corporation: 26 of 26 models see the stock below the current price.

Honeywell International: 8 of 12 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Eaton Corporation
Bear $105Fair Value $169Bull $234
$415 = current price (white tick)
Honeywell International
Bear $139Fair Value $219Bull $392
$205 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Eaton Corporation · Industrials

Quality score71 · Top 25%
Fair value upside-59% · bottom 25%

Honeywell International · Industrials

Quality score67 · Top 25%
Fair value upside+7% · above median

Bottom line

As of Sep 10, 2026, Fair Value Calculator sees Honeywell International as the more attractively valued of the two: Eaton Corporation trades at $415 versus a fair value of $169 (-59%), while Honeywell International trades at $205 versus $219 (+7%).

Eaton Corporation has the higher quality score (71/100).

See the full analysis →
Eaton Corporation · Honeywell International

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.