Applied Industrial Technologies, Inc. (AIT) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Distribution
EV/EBITDA
↑
20.85
↑+51% vs avg
5yr avg: 13.82
30Y Low5.4·High20.4
P/FCF
↑
24.66
↑+27% vs avg
5yr avg: 19.46
30Y Low5.1·High27.3
P/B Ratio
↑
6.53
↑+60% vs avg
5yr avg: 4.08
30Y Low1.1·High4.9
ROE
↑
22.2%
-3% vs avg
5yr avg: 22.9%
30Y Low1%·High27%
Debt/EBITDA
↓
1.02
↓-43% vs avg
5yr avg: 1.80
30Y Low0.1·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AIT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Applied Industrial Technologies, Inc. trades at 30.7x earnings, 56% above its 5-year average of 19.7x, sitting at the 90th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 20%. On a free-cash-flow basis, the stock trades at 24.7x P/FCF, 27% above the 5-year average of 19.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11.5B | $9.0B | $7.6B | $5.7B | $3.8B | $3.6B | $2.4B | $2.4B | $2.8B | $2.3B | $1.8B |
| Enterprise Value | $11.7B | $9.2B | $7.9B | $6.0B | $4.4B | $4.2B | $3.1B | $3.3B | $3.7B | $2.5B | $2.0B |
| P/E Ratio → | 30.67 | 22.97 | 19.74 | 16.38 | 14.62 | 24.74 | 100.63 | 16.72 | 19.43 | 17.37 | 60.19 |
| P/S Ratio | 2.51 | 1.98 | 1.70 | 1.29 | 0.99 | 1.11 | 0.75 | 0.69 | 0.90 | 0.90 | 0.71 |
| P/B Ratio | 6.53 | 4.89 | 4.51 | 3.89 | 3.27 | 3.84 | 2.88 | 2.69 | 3.38 | 3.12 | 2.71 |
| P/FCF | 24.66 | 19.40 | 21.98 | 17.89 | 22.19 | 15.84 | 8.80 | 14.91 | 22.21 | 15.77 | 12.05 |
| P/OCF | 23.30 | 18.32 | 20.51 | 16.51 | 20.05 | 14.80 | 8.20 | 13.34 | 18.71 | 14.13 | 11.07 |
P/E links to full P/E history page with 30-year chart
AIT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Applied Industrial Technologies, Inc.'s enterprise value stands at 20.8x EBITDA, 51% above its 5-year average of 13.8x. The Industrials sector median is 13.8x, placing the stock at a 52% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.02 | 1.76 | 1.35 | 1.15 | 1.31 | 0.95 | 0.94 | 1.19 | 0.97 | 0.81 |
| EV / EBITDA | 20.85 | 16.47 | 14.39 | 11.32 | 10.64 | 16.27 | 20.42 | 11.01 | 13.29 | 11.73 | 15.73 |
| EV / EBIT | 23.38 | 17.73 | 15.21 | 12.55 | 12.27 | 20.40 | 14.08 | 13.85 | 16.01 | 14.30 | 23.30 |
| EV / FCF | — | 19.79 | 22.77 | 18.77 | 25.83 | 18.78 | 11.20 | 20.16 | 29.54 | 17.03 | 13.86 |
AIT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Applied Industrial Technologies, Inc. earns an operating margin of 10.9%, above the Industrials sector average of 4.9%. ROE of 22.2% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 18.7% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.3% | 30.3% | 29.8% | 29.2% | 29.0% | 28.9% | 28.9% | 29.0% | 28.8% | 28.4% | 28.1% |
| Operating Margin | 10.9% | 10.9% | 11.1% | 10.7% | 9.4% | 6.3% | 2.7% | 6.7% | 7.3% | 6.7% | 3.5% |
| Net Profit Margin | 8.6% | 8.6% | 8.6% | 7.9% | 6.8% | 4.5% | 0.7% | 4.1% | 4.6% | 5.2% | 1.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.2% | 22.2% | 24.5% | 26.6% | 24.7% | 16.3% | 2.8% | 16.8% | 18.2% | 19.1% | 4.2% |
| ROA | 12.8% | 12.8% | 13.5% | 13.3% | 10.9% | 6.4% | 1.0% | 6.2% | 7.7% | 9.9% | 2.2% |
| ROIC | 18.7% | 18.7% | 20.1% | 20.3% | 16.0% | 9.9% | 4.1% | 10.1% | 12.8% | 14.1% | 6.9% |
| ROCE | 19.5% | 19.5% | 21.3% | 22.8% | 18.8% | 11.1% | 4.7% | 12.4% | 15.4% | 16.5% | 8.2% |
AIT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Applied Industrial Technologies, Inc. carries a Debt/EBITDA ratio of 1.0x, which is manageable (68% below the sector average of 3.2x). Net debt stands at $184M ($572M total debt minus $388M cash). Interest coverage of 15.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.44 | 0.43 | 0.70 | 0.99 | 1.11 | 1.07 | 1.18 | 0.39 | 0.50 |
| Debt / EBITDA | 1.02 | 1.02 | 1.34 | 1.18 | 1.95 | 3.53 | 6.15 | 3.24 | 3.50 | 1.36 | 2.52 |
| Net Debt / Equity | — | 0.10 | 0.16 | 0.19 | 0.54 | 0.71 | 0.79 | 0.95 | 1.12 | 0.25 | 0.41 |
| Net Debt / EBITDA | 0.33 | 0.33 | 0.50 | 0.53 | 1.50 | 2.54 | 4.38 | 2.87 | 3.30 | 0.87 | 2.06 |
| Debt / FCF | — | 0.40 | 0.79 | 0.88 | 3.63 | 2.93 | 2.41 | 5.26 | 7.33 | 1.26 | 1.82 |
| Interest Coverage | 15.12 | 15.12 | 25.25 | 19.14 | 13.31 | 6.75 | 5.91 | 5.77 | 9.48 | 19.91 | 9.77 |
AIT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Applied Industrial Technologies, Inc.'s current ratio of 3.32x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.36x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.05x to 3.32x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.32 | 3.32 | 3.53 | 3.05 | 2.72 | 2.80 | 2.72 | 2.71 | 2.45 | 2.85 | 2.85 |
| Quick Ratio | 2.36 | 2.36 | 2.56 | 2.12 | 1.82 | 1.95 | 1.81 | 1.65 | 1.47 | 1.73 | 1.62 |
| Cash Ratio | 0.74 | 0.74 | 0.92 | 0.64 | 0.37 | 0.60 | 0.63 | 0.26 | 0.13 | 0.34 | 0.22 |
| Asset Turnover | — | 1.44 | 1.52 | 1.61 | 1.55 | 1.42 | 1.42 | 1.49 | 1.34 | 1.87 | 1.92 |
| Inventory Turnover | 6.29 | 6.29 | 6.44 | 6.24 | 6.01 | 6.35 | 5.93 | 5.51 | 5.19 | 5.38 | 5.36 |
| Days Sales Outstanding | — | 61.56 | 60.10 | 58.59 | 62.88 | 58.24 | 50.61 | 56.85 | 65.18 | 55.01 | 50.40 |
AIT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Applied Industrial Technologies, Inc. returns 1.9% to shareholders annually — split between a 0.5% dividend yield and 1.3% buyback yield. The payout ratio of 16.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.7% | 0.7% | 0.9% | 1.4% | 1.4% | 2.0% | 2.0% | 1.7% | 1.9% | 2.4% |
| Payout Ratio | 16.2% | 16.2% | 14.5% | 15.4% | 20.1% | 35.0% | 203.3% | 32.8% | 32.4% | 33.3% | 146.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.4% | 5.1% | 6.1% | 6.8% | 4.0% | 1.0% | 6.0% | 5.1% | 5.8% | 1.7% |
| FCF Yield | 4.1% | 5.2% | 4.6% | 5.6% | 4.5% | 6.3% | 11.4% | 6.7% | 4.5% | 6.3% | 8.3% |
| Buyback Yield | 1.3% | 1.7% | 1.0% | 0.0% | 0.4% | 1.1% | 0.1% | 0.5% | 0.8% | 0.4% | 2.1% |
| Total Shareholder Yield | 1.9% | 2.4% | 1.7% | 1.0% | 1.7% | 2.5% | 2.1% | 2.4% | 2.5% | 2.3% | 4.5% |
| Shares Outstanding | — | $39M | $39M | $39M | $39M | $39M | $39M | $39M | $39M | $39M | $39M |
Peer Comparison
Compare AIT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AITYou | $11B | 30.7 | 20.8 | 24.7 | 30.3% | 10.9% | 22.2% | 18.7% | 1.0 |
 GWW | $58B | 34.9 | 20.7 | 43.9 | 39.1% | 15.0% | 43.5% | 32.1% | 1.1 |
 MSM | $6B | 29.2 | 15.6 | 24.2 | 40.8% | 8.3% | 14.2% | 12.3% | 1.3 |
 FAST | $51B | 40.7 | 30.9 | 48.5 | 45.0% | 20.2% | 33.3% | 31.2% | 0.3 |
 DNOW | $2B | -17.4 | — | 11.5 | 17.0% | -2.9% | -5.3% | -3.3% | — |
 WDFC | $4B | 31.4 | 37.8 | 50.2 | 55.1% | 16.7% | 36.5% | 26.2% | 0.9 |
 RBC | $20B | 79.5 | 42.9 | 82.1 | 44.4% | 22.6% | 8.5% | 6.9% | 2.1 |
 AME | $54B | 36.6 | 29.6 | 32.1 | 36.4% | 26.2% | 14.6% | 12.1% | 1.2 |
 PH | $112B | 32.7 | 24.4 | 33.5 | 36.9% | 20.5% | 27.4% | 13.4% | 1.9 |
 ROK | $50B | 58.5 | 30.6 | 37.1 | 48.1% | 17.1% | 23.5% | 15.1% | 2.1 |
 TT | $104B | 36.2 | 25.3 | 37.0 | 36.2% | 18.6% | 36.3% | 26.2% | 1.1 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAIT — Frequently Asked Questions
Quick answers to the most common questions about buying AIT stock.
What is Applied Industrial Technologies, Inc.'s P/E ratio?
Applied Industrial Technologies, Inc.'s current P/E ratio is 30.7x. The historical average is 26.3x. This places it at the 90th percentile of its historical range.
What is Applied Industrial Technologies, Inc.'s EV/EBITDA?
Applied Industrial Technologies, Inc.'s current EV/EBITDA is 20.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Applied Industrial Technologies, Inc.'s ROE?
Applied Industrial Technologies, Inc.'s return on equity (ROE) is 22.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 14.3%.
Is AIT stock overvalued?
Based on historical data, Applied Industrial Technologies, Inc. is trading at a P/E of 30.7x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Applied Industrial Technologies, Inc.'s dividend yield?
Applied Industrial Technologies, Inc.'s current dividend yield is 0.53% with a payout ratio of 16.2%.
What are Applied Industrial Technologies, Inc.'s profit margins?
Applied Industrial Technologies, Inc. has 30.3% gross margin and 10.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Applied Industrial Technologies, Inc. have?
Applied Industrial Technologies, Inc.'s Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.