According to Applied Industrial Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2527. At the end of 2022 the company had a P/E ratio of 15.9.
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 |
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.