P/E ratio for Parker-Hannifin (PH)

P/E ratio history for Parker-Hannifin from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Crane Co. CR	31.2	-18.13%	🇺🇸 USA
CIRCOR International CIR	40.6	6.44%	🇺🇸 USA
Dover DOV	27.5	-27.84%	🇺🇸 USA
ITT ITT	28.8	-24.51%	🇺🇸 USA
IDEX IEX	28.1	-26.30%	🇺🇸 USA
Rockwell Automation ROK	23.8	-37.65%	🇺🇸 USA
Danaher DHR	28.8	-24.58%	🇺🇸 USA
General Electric GE	20.6	-45.97%	🇺🇸 USA
Ingersoll Rand IR	54.0	41.67%	🇮🇪 Ireland

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.