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	33.0	-14.53%	🇺🇸 USA
CIRCOR International CIR	40.6	5.25%	🇺🇸 USA
Dover DOV	27.8	-27.79%	🇺🇸 USA
ITT ITT	30.0	-22.24%	🇺🇸 USA
IDEX IEX	28.4	-26.36%	🇺🇸 USA
Rockwell Automation ROK	24.4	-36.65%	🇺🇸 USA
Danaher DHR	29.4	-23.72%	🇺🇸 USA
General Electric GE	21.1	-45.23%	🇺🇸 USA
Ingersoll Rand IR	55.3	43.43%	🇮🇪 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.