Applied Industrial Technologies (AIT)
Applied Industrial Technologies PE Value: 40.88
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AIT PE Value Rankings
| Overall | 55th percentile | 439 of 987 |
| Sector | 53rd percentile | 106 of 226 in Services |
| Industry | 33rd percentile | 4 of 6 in Industrial Equipment Wholesale |
AIT PE Value Range, Past 5 Years
| Minimum | 10.16 | Dec 2009 |
| Maximum | 43.43 | Jun 2008 |
| Average | 30.89 |
About PE Value (Pro)
Click the "Learn More" link below to see how YCharts calculates the PE Value
This valuation method corrects for any recent price appreciations for discounts by assuming that the value of the company will be in line with its historical valuations based on PE ratios. It will show companies that have recently increased in price, without an accompanying increase in earnings, to be overvalued, and it will show companies with a recent decrease in price, without an accompanying decrease in earnings, to be undervalued.
This method is most difficult to trust with growth stocks. Some of these companies trade at PE multiples of more than 35 for many years as they experience their growth. However, multiples of 35+ are rare (as of August 30, 2010 only 12.5% of companies had a 5 year average PE greater than 35), and since there is no sure way to know when a company's growth will slow, we apply a maximum PE ratio of 35 to companies. This helps to ensure that investors do not purchase companies under the intuition (based on history) that a stock's "reasonable" PE ratio is 35+ over the long term. If an investor wants to apply that PE ratio consciously based on special information, they may do so, but there should be sound reason.
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You may also be interested in these AIT related companies
AIT News
May 25, 8:25AM Street Insider
May 25, 8:17AM Benzinga
about 31 days ago by earningscast
Apr 26, 7:52AM Street Insider
Apr 26, 7:30AM PR Newswire
Mar 28, 1:03PM PR Newswire
about 86 days ago by RecogniaEvents
Mar 01, 2:32PM PR Newswire
Feb 01, 7:30AM Benzinga
about 123 days ago by earningscast
about 123 days ago by DynamicDividend
about 139 days ago by FASTgraphs
about 141 days ago by 1nvestor
about 179 days ago by Centrifugal
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AIT | 37.16 | -0.13 | -0.35% | 1.561B |
| AIS | 2.89 | +0.02 | +0.70% | 299.69M |
| AIRT | 9.250 | +0.17 | +1.87% | 22.66M |
| AIRM | 91.97 | -0.12 | -0.13% | 1.159B |
| AIR | 12.48 | -0.29 | -2.27% | 502.69M |
| AIQ | 1.05 | -0.02 | -1.87% | 55.99M |
| AMS | 3.09 | +0.03 | +0.98% | 14.24M |
| AMRS | 2.57 | +0.20 | +8.44% | 144.59M |
| AMRI | 2.71 | -0.05 | -1.81% | 83.39M |
| AMRC | 11.07 | -0.15 | -1.34% | 289.15M |
