P/E ratio for Applied Industrial Technologies (AIT)

P/E ratio history for Applied Industrial Technologies 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
MSC Industrial Direct MSM	13.2	-43.72%	🇺🇸 USA
DXP Enterprises DXPE	17.0	-27.42%	🇺🇸 USA
Genuine Parts Company GPC	15.4	-34.14%	🇺🇸 USA
Fastenal FAST	35.5	51.49%	🇺🇸 USA
W. W. Grainger GWW	28.7	22.39%	🇺🇸 USA
WESCO International WCC	11.0	-53.13%	🇺🇸 USA
Kaman KAMN	-26.7	-214.11%	🇺🇸 USA
H&E Equipment Services HEES	10.5	-55.24%	🇺🇸 USA
Curtiss-Wright CW	36.4	55.45%	🇺🇸 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.