Parker-Hannifin
PH
#250
Rank
$69.87 B
Marketcap
$544.14
Share price
0.14%
Change (1 day)
67.22%
Change (1 year)
Parker-Hannifin is an American corporation specializing in motion and control technologies.

P/E ratio for Parker-Hannifin (PH)

P/E ratio as of April 2024 (TTM): 29.8

According to Parker-Hannifin 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.767. 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
202229.731.48%
202122.6-7.9%
202024.526.76%
201919.337.87%
201814.0-54%
201730.542.99%
201621.334.47%
201515.8-9.43%
201417.5-6.42%
201318.751.67%
201212.314.63%
201110.8-34.08%
201016.3-46.71%
200930.6296.52%
20087.72-48.06%
200714.926.54%
200611.7-9.71%
200513.0-22.02%
200416.7-49.81%
200333.2-13.53%
200238.465.79%
200123.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
23.4-21.45%๐Ÿ‡บ๐Ÿ‡ธ USA
18.3-38.41%๐Ÿ‡บ๐Ÿ‡ธ USA
28.1-5.62%๐Ÿ‡บ๐Ÿ‡ธ USA
23.4-21.37%๐Ÿ‡บ๐Ÿ‡ธ USA
30.0 0.67%๐Ÿ‡บ๐Ÿ‡ธ USA
48.1 61.54%๐Ÿ‡ฎ๐Ÿ‡ช Ireland
24.3-18.52%๐Ÿ‡บ๐Ÿ‡ธ USA
23.7-20.29%๐Ÿ‡บ๐Ÿ‡ธ USA
40.6 36.32%๐Ÿ‡บ๐Ÿ‡ธ 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.