P/E ratio for Parker-Hannifin (PH)
P/E ratio as of June 2024 (TTM): 28.7
According to Parker-Hannifin 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.6904. At the end of 2022 the company had a P/E ratio of 29.7.
P/E ratio history for Parker-Hannifin from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.7 | 31.48% |
| 2021 | 22.6 | -7.9% |
| 2020 | 24.5 | 26.76% |
| 2019 | 19.3 | 37.87% |
| 2018 | 14.0 | -54% |
| 2017 | 30.5 | 42.99% |
| 2016 | 21.3 | 34.47% |
| 2015 | 15.8 | -9.43% |
| 2014 | 17.5 | -6.42% |
| 2013 | 18.7 | 51.67% |
| 2012 | 12.3 | 14.63% |
| 2011 | 10.8 | -34.08% |
| 2010 | 16.3 | -46.71% |
| 2009 | 30.6 | 296.52% |
| 2008 | 7.72 | -48.06% |
| 2007 | 14.9 | 26.54% |
| 2006 | 11.7 | -9.71% |
| 2005 | 13.0 | -22.02% |
| 2004 | 16.7 | -49.81% |
| 2003 | 33.2 | -13.53% |
| 2002 | 38.4 | 65.79% |
| 2001 | 23.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 24.8 | -13.52% | 🇺🇸 USA |
 General Electric GE | 19.2 | -33.06% | 🇺🇸 USA |
 IDEX IEX | 25.1 | -12.35% | 🇺🇸 USA |
 Rockwell Automation
ROK | 21.4 | -25.44% | 🇺🇸 USA |
 Danaher DHR | 31.5 | 9.84% | 🇺🇸 USA |
 Ingersoll Rand IR | 48.7 | 69.66% | 🇮🇪 Ireland |
 ITT ITT | 25.0 | -12.90% | 🇺🇸 USA |
 Crane Co. CR | 26.6 | -7.36% | 🇺🇸 USA |
 CIRCOR International CIR | 40.6 | 41.44% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.