Applied Industrial Technologies Stock Price To Earning
| AIT Stock | USD 180.89 1.95 1.09% |
Applied Industrial Technologies fundamentals help investors to digest information that contributes to Applied Industrial's financial success or failures. It also enables traders to predict the movement of Applied Stock. The fundamental analysis module provides a way to measure Applied Industrial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Applied Industrial stock.
Applied | Price To Earning |
Applied Industrial Technologies Company Price To Earning Analysis
Applied Industrial's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Applied Industrial Price To Earning | 44.62 X |
Most of Applied Industrial's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Applied Industrial Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Applied Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for Applied Industrial is extremely important. It helps to project a fair market value of Applied Stock properly, considering its historical fundamentals such as Price To Earning. Since Applied Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Applied Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Applied Industrial's interrelated accounts and indicators.
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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Applied Retained Earnings
Retained Earnings |
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Based on the latest financial disclosure, Applied Industrial Technologies has a Price To Earning of 44.62 times. This is 125.47% higher than that of the Trading Companies & Distributors sector and 172.57% higher than that of the Industrials industry. The price to earning for all United States stocks is 55.36% lower than that of the firm.
Applied Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Applied Industrial's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Applied Industrial could also be used in its relative valuation, which is a method of valuing Applied Industrial by comparing valuation metrics of similar companies.Applied Industrial is currently under evaluation in price to earning category among related companies.
Applied Fundamentals
| Return On Equity | 0.25 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 7.14 B | ||||
| Shares Outstanding | 38.67 M | ||||
| Shares Owned By Insiders | 1.25 % | ||||
| Shares Owned By Institutions | 95.67 % | ||||
| Number Of Shares Shorted | 807.69 K | ||||
| Price To Earning | 44.62 X | ||||
| Price To Book | 4.60 X | ||||
| Price To Sales | 1.66 X | ||||
| Revenue | 4.41 B | ||||
| Gross Profit | 1.29 B | ||||
| EBITDA | 526.22 M | ||||
| Net Income | 346.74 M | ||||
| Cash And Equivalents | 344.04 M | ||||
| Cash Per Share | 3.83 X | ||||
| Total Debt | 622.1 M | ||||
| Debt To Equity | 0.53 % | ||||
| Current Ratio | 3.08 X | ||||
| Book Value Per Share | 43.16 X | ||||
| Cash Flow From Operations | 343.97 M | ||||
| Short Ratio | 1.28 X | ||||
| Earnings Per Share | 9.53 X | ||||
| Price To Earnings To Growth | 1.88 X | ||||
| Target Price | 213.75 | ||||
| Number Of Employees | 6.2 K | ||||
| Beta | 1.09 | ||||
| Market Capitalization | 6.99 B | ||||
| Total Asset | 2.74 B | ||||
| Retained Earnings | 1.79 B | ||||
| Working Capital | 1.11 B | ||||
| Current Asset | 437.35 M | ||||
| Current Liabilities | 151.33 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.75 % | ||||
| Net Asset | 2.74 B | ||||
| Last Dividend Paid | 1.42 |
About Applied Industrial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Applied Industrial Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Applied Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Applied Industrial Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Applied Industrial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Applied Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Applied Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Applied Stock
| 0.65 | DXPE | DXP Enterprises Financial Report 9th of May 2024 | PairCorr |
| 0.75 | FAST | Fastenal Financial Report 11th of July 2024 | PairCorr |
| 0.83 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
Moving against Applied Stock
| 0.47 | AZ | A2Z Smart Technologies | PairCorr |
The ability to find closely correlated positions to Applied Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Applied Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Applied Industrial Technologies to buy it.
The correlation of Applied Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Industrial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Applied Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Applied Industrial Piotroski F Score and Applied Industrial Altman Z Score analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Applied Stock analysis
When running Applied Industrial's price analysis, check to measure Applied Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.
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Is Applied Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Applied Industrial. If investors know Applied will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Applied Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.004 | Dividend Share 1.42 | Earnings Share 9.53 | Revenue Per Share 115.704 | Quarterly Revenue Growth 0.013 |
The market value of Applied Industrial is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Industrial's value that differs from its market value or its book value, called intrinsic value, which is Applied Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Applied Industrial's market value can be influenced by many factors that don't directly affect Applied Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Applied Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.