Applied Industrial Technologies, Inc. (AIT) P/E Ratio History
ExpensiveTrading at 33.4x vs 5Y avg 20.1x · 100th percentile · Material premium to history · Data 1991–2026
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P/E Ratio Analysis
As of June 22, 2026, Applied Industrial Technologies, Inc. (AIT) trades at a price-to-earnings ratio of 33.4x, with a stock price of $337.96 and trailing twelve-month earnings per share of $10.62.
The current P/E is 66% above its 5-year average of 20.1x. Over the past five years, AIT's P/E has ranged from a low of 14.3x to a high of 25.1x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, AIT trades at a 31% premium to its sector peers. The sector includes 403 companies with P/E ratios ranging from 0.1x to 198.8x.
The PEG ratio of 0.45 (P/E divided by 3% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AIT commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AIT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AIT Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AIT P/E vs Peers
Automation, Motion and Fluid Power Distribution peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $64B | 38.6 | 1.73 | -9% | |
| $7B | 33.2Lowest | - | -22% | |
| $53B | 42.1 | 5.42 | +9% | |
| $5B | 34.0 | 3.89 | +31%Best | |
| $20B | 70.3 | 3.43 | +18% | |
| $54B | 37.1 | 3.32 | +8% | |
| $120B | 35.2 | 1.47 | +24% | |
| $53B | 61.8 | - | -7% | |
| $107B | 37.2 | 1.25Best | +15% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AIT Historical P/E Data (1991–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | - | $265.32 | $10.59 | 25.1x | -3% |
| FY2026 Q2 | Dec 31 2025 | $256.77 | $10.51 | 24.4x | -5% |
| FY2026 Q1 | - | $261.05 | $10.39 | 25.1x | -3% |
| FY2025 Q4 | Jun 30 2025 | $232.45 | $10.12 | 23.0x | -11% |
| FY2025 Q3 | Mar 31 2025 | $225.34 | $9.96 | 22.6x | -12% |
| FY2025 Q2 | - | $239.47 | $9.87 | 24.3x | -6% |
| FY2025 Q1 | Sep 30 2024 | $223.13 | $9.80 | 22.8x | -12% |
| FY2024 Q4 | Jun 30 2024 | $194.00 | $9.83 | 19.7x | -24% |
| FY2024 Q3 | Mar 31 2024 | $197.55 | $9.54 | 20.7x | -20% |
| FY2024 Q2 | Dec 31 2023 | $172.69 | $9.54 | 18.1x | -30% |
| FY2024 Q1 | Sep 30 2023 | $154.61 | $9.27 | 16.7x | -35% |
| FY2023 Q4 | Jun 30 2023 | $144.83 | $8.85 | 16.4x | -37% |
| FY2023 Q3 | Mar 31 2023 | $142.13 | $8.52 | 16.7x | -35% |
| FY2023 Q2 | Dec 31 2022 | $126.03 | $7.79 | 16.2x | -37% |
| FY2023 Q1 | Sep 30 2022 | $102.78 | $7.20 | 14.3x | -45% |
| FY2022 Q4 | - | $96.17 | $6.59 | 14.6x | -44% |
| FY2022 Q3 | - | $102.66 | $6.08 | 16.9x | -35% |
| FY2022 Q2 | Dec 31 2021 | $102.70 | $5.75 | 17.9x | -31% |
| FY2022 Q1 | - | $90.13 | $4.15 | 21.7x | -16% |
| FY2021 Q4 | Jun 30 2021 | $91.06 | $3.68 | 24.7x | -4% |
| FY2021 Q3 | Mar 31 2021 | $91.17 | $2.94 | 31.0x | +20% |
| FY2021 Q1 | Sep 30 2020 | $55.10 | $0.49 | 112.4x | +335% |
| FY2020 Q4 | - | $62.39 | $0.60 | 104.0x | +303% |
| FY2020 Q3 | - | $45.72 | $0.85 | 53.8x | +108% |
| FY2020 Q2 | - | $66.69 | $3.41 | 19.6x | -24% |
| FY2020 Q1 | Sep 30 2019 | $56.80 | $3.43 | 16.6x | -36% |
| FY2019 Q4 | Jun 30 2019 | $61.53 | $3.67 | 16.8x | -35% |
| FY2019 Q3 | Mar 31 2019 | $59.47 | $3.68 | 16.2x | -37% |
| FY2019 Q2 | Dec 31 2018 | $53.94 | $4.19 | 12.9x | -50% |
| FY2019 Q1 | Sep 30 2018 | $78.25 | $3.99 | 19.6x | -24% |
| FY2018 Q4 | Jun 30 2018 | $70.15 | $3.61 | 19.4x | -25% |
| FY2018 Q3 | Mar 31 2018 | $72.90 | $3.92 | 18.6x | -28% |
| FY2018 Q2 | Dec 31 2017 | $68.10 | $3.74 | 18.2x | -30% |
| FY2018 Q1 | Sep 30 2017 | $65.80 | $3.56 | 18.5x | -28% |
| FY2017 Q4 | Jun 30 2017 | $59.05 | $3.40 | 17.4x | -33% |
| FY2017 Q3 | Mar 31 2017 | $61.85 | $2.72 | 22.7x | -12% |
| FY2017 Q2 | Dec 31 2016 | $59.40 | $0.83 | 71.6x | +177% |
| FY2017 Q1 | Sep 30 2016 | $46.74 | $0.83 | 56.3x | +118% |
| FY2016 Q4 | - | $45.14 | $0.74 | 61.0x | +136% |
| FY2016 Q3 | - | $43.40 | $0.78 | 55.6x | +115% |
| FY2016 Q2 | - | $40.49 | $2.62 | 15.5x | -40% |
| FY2016 Q1 | Sep 30 2015 | $38.15 | $2.73 | 14.0x | -46% |
| FY2015 Q4 | - | $39.65 | $2.82 | 14.1x | -46% |
| FY2015 Q3 | - | $45.34 | $2.83 | 16.0x | -38% |
| FY2015 Q2 | Dec 31 2014 | $45.59 | $2.85 | 16.0x | -38% |
| FY2015 Q1 | - | $45.65 | $2.74 | 16.7x | -36% |
| FY2014 Q4 | Jun 30 2014 | $50.73 | $2.67 | 19.0x | -26% |
| FY2014 Q3 | Mar 31 2014 | $48.24 | $2.72 | 17.7x | -31% |
| FY2014 Q2 | - | $49.09 | $2.69 | 18.2x | -29% |
| FY2014 Q1 | Sep 30 2013 | $51.50 | $2.72 | 18.9x | -27% |
| FY2013 Q4 | Jun 30 2013 | $48.33 | $2.79 | 17.3x | -33% |
| FY2013 Q3 | Mar 31 2013 | $45.00 | $2.78 | 16.2x | -37% |
| FY2013 Q2 | Dec 31 2012 | $42.01 | $2.78 | 15.1x | -41% |
| FY2013 Q1 | Sep 30 2012 | $41.43 | $2.63 | 15.8x | -39% |
| FY2012 Q4 | Jun 30 2012 | $36.85 | $2.54 | 14.5x | -44% |
| FY2012 Q3 | Mar 31 2012 | $41.13 | $2.45 | 16.8x | -35% |
| FY2012 Q2 | Dec 31 2011 | $35.17 | $2.37 | 14.8x | -43% |
| FY2012 Q1 | Sep 30 2011 | $27.16 | $2.37 | 11.5x | -56% |
| FY2011 Q4 | - | $35.61 | $2.24 | 15.9x | -38% |
| FY2011 Q3 | - | $33.26 | $2.22 | 15.0x | -42% |
| FY2011 Q2 | Dec 31 2010 | $32.48 | $2.00 | 16.2x | -37% |
| FY2011 Q1 | - | $30.60 | $1.75 | 17.5x | -32% |
| FY2010 Q4 | Jun 30 2010 | $25.32 | $1.53 | 16.5x | -36% |
| FY2010 Q3 | Mar 31 2010 | $24.85 | $0.70 | 35.5x | +37% |
| FY2010 Q2 | - | $22.07 | $0.58 | 38.1x | +47% |
| FY2010 Q1 | Sep 30 2009 | $21.16 | $0.72 | 29.4x | +14% |
| FY2009 Q4 | - | $19.70 | $0.98 | 20.1x | -22% |
| FY2009 Q3 | - | $16.87 | $1.74 | 9.7x | -62% |
| FY2009 Q2 | Dec 31 2008 | $18.92 | $2.02 | 9.4x | -64% |
| FY2009 Q1 | - | $26.93 | $2.16 | 12.5x | -52% |
| FY2008 Q4 | Jun 30 2008 | $24.17 | $2.20 | 11.0x | -57% |
| FY2008 Q3 | Mar 31 2008 | $29.89 | $2.19 | 13.6x | -47% |
| FY2008 Q2 | Dec 31 2007 | $29.02 | $2.13 | 13.6x | -47% |
| FY2008 Q1 | Sep 30 2007 | $30.83 | $2.03 | 15.2x | -41% |
| FY2007 Q4 | Jun 30 2007 | $29.50 | $1.94 | 15.2x | -41% |
| FY2007 Q3 | Mar 31 2007 | $24.54 | $1.83 | 13.4x | -48% |
| FY2007 Q2 | Dec 31 2006 | $26.31 | $1.78 | 14.8x | -43% |
| FY2007 Q1 | Sep 30 2006 | $24.40 | $1.69 | 14.4x | -44% |
| FY2006 Q4 | Jun 30 2006 | $24.31 | $1.59 | 15.3x | -41% |
| FY2006 Q3 | Mar 31 2006 | $29.73 | $1.48 | 20.1x | -22% |
| FY2006 Q2 | Dec 31 2005 | $22.46 | $1.39 | 16.2x | -37% |
| FY2006 Q1 | Sep 30 2005 | $23.92 | $1.28 | 18.7x | -28% |
| FY2005 Q4 | - | $21.53 | $1.20 | 17.9x | -31% |
| FY2005 Q3 | - | $18.13 | $1.10 | 16.5x | -36% |
| FY2005 Q2 | Dec 31 2004 | $18.27 | $0.99 | 18.5x | -29% |
| FY2005 Q1 | - | $15.88 | $0.89 | 17.8x | -31% |
| FY2004 Q4 | Jun 30 2004 | $13.39 | $0.71 | 18.9x | -27% |
| FY2004 Q3 | Mar 31 2004 | $10.10 | $0.65 | 15.5x | -40% |
| FY2004 Q2 | Dec 31 2003 | $10.60 | $0.51 | 20.8x | -20% |
| FY2004 Q1 | - | $8.83 | $0.48 | 18.4x | -29% |
| FY2003 Q4 | Jun 30 2003 | $9.38 | $0.46 | 20.5x | -21% |
| FY2003 Q3 | Mar 31 2003 | $7.43 | $0.38 | 19.8x | -23% |
| FY2003 Q2 | - | $8.40 | $0.34 | 24.9x | -4% |
| FY2003 Q1 | Sep 30 2002 | $7.53 | $0.32 | 23.8x | -8% |
| FY2002 Q4 | Jun 30 2002 | $8.67 | $0.34 | 25.7x | -0% |
| FY2002 Q3 | Mar 31 2002 | $8.56 | $0.39 | 22.0x | -15% |
| FY2002 Q2 | Dec 31 2001 | $8.29 | $0.49 | 17.0x | -34% |
| FY2002 Q1 | Sep 30 2001 | $7.51 | $0.58 | 12.9x | -50% |
| FY2001 Q4 | Jun 30 2001 | $8.42 | $0.63 | 13.4x | -48% |
| FY2001 Q3 | Mar 31 2001 | $7.29 | $0.72 | 10.1x | -61% |
| FY2001 Q2 | Dec 31 2000 | $9.14 | $0.74 | 12.4x | -52% |
| FY2001 Q1 | Sep 30 2000 | $7.69 | $0.64 | 12.0x | -53% |
| FY2000 Q4 | Jun 30 2000 | $7.28 | $0.53 | 13.6x | -47% |
| FY2000 Q3 | Mar 31 2000 | $7.11 | $0.46 | 15.3x | -41% |
| FY2000 Q2 | Dec 31 1999 | $7.39 | $0.34 | 21.5x | -17% |
| FY2000 Q1 | - | $8.00 | $0.32 | 24.7x | -4% |
| FY1999 Q4 | Jun 30 1999 | $8.44 | $0.28 | 30.1x | +16% |
| FY1999 Q3 | Mar 31 1999 | $4.94 | $0.29 | 17.0x | -34% |
| FY1999 Q2 | - | $6.17 | $0.31 | 19.7x | -24% |
| FY1999 Q1 | Sep 30 1998 | $7.25 | $0.34 | 21.2x | -18% |
| FY1998 Q4 | - | $9.14 | $0.37 | 24.5x | -5% |
| FY1998 Q3 | - | $11.97 | $0.37 | 32.0x | +24% |
| FY1998 Q2 | Dec 31 1997 | $11.89 | $0.34 | 34.8x | +35% |
| FY1998 Q1 | - | $15.31 | $0.31 | 48.7x | +88% |
| FY1997 Q4 | Jun 30 1997 | $10.67 | $0.31 | 34.5x | +34% |
| FY1997 Q3 | Mar 31 1997 | $10.37 | $0.31 | 33.5x | +30% |
| FY1997 Q2 | - | $8.26 | $0.30 | 27.2x | +5% |
| FY1997 Q1 | Sep 30 1996 | $8.37 | $0.30 | 28.0x | +9% |
| FY1996 Q4 | Jun 30 1996 | $8.00 | $0.28 | 28.3x | +10% |
| FY1996 Q3 | Mar 31 1996 | $8.41 | $0.26 | 32.1x | +24% |
| FY1996 Q2 | Dec 31 1995 | $8.67 | $0.24 | 36.0x | +39% |
| FY1996 Q1 | Sep 30 1995 | $6.69 | $0.22 | 30.3x | +17% |
| FY1995 Q4 | Jun 30 1995 | $6.05 | $0.21 | 28.2x | +9% |
| FY1995 Q3 | Mar 31 1995 | $6.00 | $0.18 | 32.5x | +26% |
| FY1995 Q2 | Dec 31 1994 | $6.59 | $0.18 | 37.1x | +44% |
| FY1995 Q1 | Sep 30 1994 | $6.10 | $0.17 | 35.3x | +37% |
| FY1994 Q4 | - | $6.27 | $0.17 | 37.0x | +43% |
| FY1994 Q3 | - | $6.30 | $0.13 | 49.0x | +90% |
| FY1994 Q2 | Dec 31 1993 | $5.61 | $0.13 | 44.2x | +71% |
| FY1994 Q1 | - | $4.99 | $0.12 | 40.2x | +56% |
| FY1993 Q4 | Jun 30 1993 | $4.25 | $0.12 | 35.5x | +37% |
| FY1992 Q3 | - | $4.47 | $0.07 | 64.2x | +149% |
| FY1992 Q2 | - | $3.85 | $0.07 | 55.3x | +114% |
| FY1992 Q1 | Sep 30 1991 | $4.10 | $0.07 | 56.8x | +120% |
| FY1991 Q4 | Jun 30 1991 | $4.54 | $0.07 | 62.9x | +143% |
| FY1991 Q3 | Mar 31 1991 | $3.80 | $0.04 | 108.0x | +318% |
| FY1991 Q2 | Dec 31 1990 | $3.53 | $0.05 | 71.6x | +177% |
Average P/E for displayed period: 25.8x
Full Stock Analysis
Deep dive into AIT consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
35+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AIT — Frequently Asked Questions
Quick answers to the most common questions about buying AIT stock.
What is AIT's P/E ratio?
Applied Industrial Technologies, Inc. (AIT) trailing twelve-month P/E ratio is 33.4x, based on TTM diluted EPS of $10.62. The 5-year average P/E is 20.1x and the historical range spans 14.3x to 25.1x.
Is AIT stock overvalued or undervalued?
AIT trades at 33.4x P/E, above its 5-year average of 20.1x. The 100th percentile ranking within the 14.3x–25.1x historical range indicates a premium to historical valuation.
Is AIT stock expensive?
Yes, AIT is expensive relative to its own history. The current P/E of 33.4x is above the 5-year average of 20.1x and also above the Industrials sector median of 25.6x. The stock sits at the 100th percentile of its 5-year valuation range.
What is AIT's historical P/E range?
Over the past 5 years, AIT's P/E ratio has ranged from 14.3x to 25.1x, with a median of 20.7x and an average of 20.1x. The current P/E of 33.4x places the stock at the 100th percentile of this range. Full historical data spans 1991–2026.
How does AIT's P/E compare to the S&P 500?
AIT trades at 33.4x P/E versus the S&P 500 median of 24.4x. The 37% premium to the market typically reflects higher expected earnings growth or quality.
How does AIT's valuation compare to Industrials peers?
Applied Industrial Technologies, Inc. P/E of 33.4x compares to the Industrials sector median of 25.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AIT's PEG ratio?
AIT PEG ratio is 0.45, based on a P/E of 33.4x and EPS growth of 3.0%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is AIT's earnings yield?
AIT earnings yield is 2.99%, the inverse of its 33.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.