P/E ratio for Applied Industrial Technologies (AIT)
P/E ratio as of April 2024 (TTM): 19.8
According to Applied Industrial Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.7548. At the end of 2022 the company had a P/E ratio of 15.9.
P/E ratio history for Applied Industrial Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.9 | -9.78% |
| 2021 | 17.6 | -113.55% |
| 2020 | -130 | -770.48% |
| 2019 | 19.4 | 52.75% |
| 2018 | 12.7 | -29.37% |
| 2017 | 18.0 | -74.29% |
| 2016 | 69.9 | 352.19% |
| 2015 | 15.5 | -3.05% |
| 2014 | 15.9 | -11.35% |
| 2013 | 18.0 | 19.85% |
| 2012 | 15.0 | 3.24% |
| 2011 | 14.5 | -8.72% |
| 2010 | 15.9 | -57.44% |
| 2009 | 37.4 | 303.33% |
| 2008 | 9.27 | -30.65% |
| 2007 | 13.4 | -15.24% |
| 2006 | 15.8 | -45.21% |
| 2005 | 28.8 | 7.19% |
| 2004 | 26.9 | 20.47% |
| 2003 | 22.3 | -9.15% |
| 2002 | 24.5 | -11.7% |
| 2001 | 27.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fastenal FAST | 34.0 | 72.31% | 🇺🇸 USA |
 Genuine Parts Company
GPC | 18.2 | -7.97% | 🇺🇸 USA |
 W. W. Grainger
GWW | 26.6 | 34.64% | 🇺🇸 USA |
 H&E Equipment Services HEES | 12.7 | -35.81% | 🇺🇸 USA |
 DXP Enterprises DXPE | 16.5 | -16.57% | 🇺🇸 USA |
 WESCO International
WCC | 10.4 | -47.34% | 🇺🇸 USA |
 MSC Industrial Direct MSM | 14.5 | -26.45% | 🇺🇸 USA |
 Kaman KAMN | -26.7 | -235.30% | 🇺🇸 USA |
 Curtiss-Wright
CW | 28.2 | 42.57% | 🇺🇸 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.