Start with its own history
At 26.40×, AIT is 5.9% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · AITIndustrial - DistributionUpdated Nov 5, 2026
Applied Industrial Technologies, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
26.40×
5.9% belowthe 10-year annual average
Share price298.29
÷Earnings per share11.3
Price and EPS in quote currency. Calculation details
Investors are paying 26.40 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 28.06×
3-year average24.07×3 positive annual observations
5-year average20.54×5 positive annual observations
10-year average28.06×10 positive annual observations
Peer median · TTM29.09×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2026 | 30.49× | +34.6% |
| Jun 30, 2025 | 22.66× | +18.8% |
| Jun 30, 2024 | 19.06× | +18.2% |
| Jun 30, 2023 | 16.13× | +12.2% |
| Jun 30, 2022 | 14.38× | -41.1% |
| Jun 30, 2021 | 24.41× | -75.7% |
| Jun 30, 2020 | 100.63× | +513.6% |
| Jun 30, 2019 | 16.40× | -14.7% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2018 | 19.22× | +11.6% |
| Jun 30, 2017 | 17.22× | -71.4% |
| Jun 30, 2016 | 60.19× | +328.1% |
| Jun 30, 2015 | 14.06× | -25.4% |
| Jun 30, 2014 | 18.86× | +6.8% |
| Jun 30, 2013 | 17.65× | +23.6% |
| Jun 30, 2012 | 14.28× | -8.6% |
| Jun 30, 2011 | 15.62× | -3.8% |
| Jun 30, 2010 | 16.23× | -17.6% |
| Jun 30, 2009 | 19.70× | +81.8% |
| Jun 30, 2008 | 10.84× | -27.6% |
| Jun 30, 2007 | 14.97× | -0.2% |
| Jun 30, 2006 | 15.01× | -42.1% |
| Jun 30, 2005 | 25.94× | -7.0% |
| Jun 30, 2004 | 27.90× | +39.8% |
| Jun 30, 2003 | 19.96× | -85.6% |
| Jun 30, 2002 | 138.91× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How AIT compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 AIT This stockApplied Industrial Technologies, Inc. | 26.40× |
 MSMMSC Industrial Direct Co., Inc. | 29.09× |
 WCCWESCO International, Inc. | 19.51× |
 DNOWDnow Inc. | N/M |
 GWWW.W. Grainger, Inc. | 32.68× |
 FASTFastenal Company | 42.91× |
 FERGFerguson Enterprises Inc. | 23.74× |
 DPLM.LDiploma PLC | 49.96× |
 TMTNFToromont Industries Ltd. | 28.51× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does AIT’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 29.09×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take AIT into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("AIT", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 298.29 ÷ EPS 11.3 = 26.40×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
AIT P/E ratio: common questions
The essentials behind the numbers.
Applied Industrial Technologies, Inc.'s current P/E is 26.40× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.