Applied Industrial Technologies, Inc. (AIT) Key Metrics
AIT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $12.14B
- Enterprise value
- $12.38B
- P/E (TTM)
- 30.2 10-yr median 19.6
- Forward P/E
- 27.8
- PEG ratio
- 2.78
- Price / sales
- 2.4 10-yr median 1.0
- Price / book
- 6.6 10-yr median 3.6
- EV / EBITDA
- 19.7 10-yr median 12.4
- Dividend yield
- 0.62% $2.04 a year
- Beta
- 0.85
AIT key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsAIT valuation Price multiples at each fiscal year-end price.
AIT returns How much profit the business earns on the capital it uses.
AIT per-share figures Results divided by the shares outstanding at year-end.
AIT financial health Debt, liquidity and how easily interest is covered.
AIT efficiency & capital use Working capital cycle and where the cash goes.
AIT valuation history
AIT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AIT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AIT cash returned to shareholders
AIT price vs earnings per share
AIT key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.80B | $9.02B | $7.62B | $5.68B | $3.76B | $3.58B | $2.43B | $2.41B | $2.76B | $2.33B |
| Enterprise value | $13.16B | $9.21B | $7.89B | $5.96B | $4.38B | $4.24B | $3.10B | $3.26B | $3.67B | $2.51B |
| P/E ratio | 30.9 | 23.0 | 19.7 | 16.4 | 14.6 | 24.7 | 101.2 | 16.7 | 19.5 | 17.4 |
| Price / sales | 2.6 | 2.0 | 1.7 | 1.3 | 1.0 | 1.1 | 0.7 | 0.7 | 0.9 | 0.9 |
| Price / book | 6.9 | 4.9 | 4.5 | 3.9 | 3.3 | 3.8 | 2.9 | 2.7 | 3.4 | 3.1 |
| Price / free cash flow | 27.8 | 19.4 | 22.0 | 17.9 | 22.2 | 15.8 | 8.8 | 14.9 | 22.2 | 15.8 |
| Price / operating cash flow | 26.4 | 18.3 | 20.5 | 16.5 | 20.0 | 14.8 | 8.2 | 13.3 | 18.7 | 14.1 |
| EV / sales | 2.6 | 2.0 | 1.8 | 1.4 | 1.1 | 1.3 | 1.0 | 0.9 | 1.2 | 1.0 |
| EV / EBITDA | 21.3 | 15.9 | 13.8 | 11.3 | 10.7 | 16.1 | 11.0 | 11.0 | 13.1 | 11.7 |
| EV / free cash flow | 28.6 | 19.8 | 22.8 | 18.8 | 25.8 | 18.8 | 11.2 | 20.2 | 29.5 | 17.0 |
| Earnings yield | 3.2% | 4.4% | 5.1% | 6.1% | 6.8% | 4.0% | 1.0% | 6.0% | 5.1% | 5.8% |
| Free cash flow yield | 3.6% | 5.2% | 4.6% | 5.6% | 4.5% | 6.3% | 11.4% | 6.7% | 4.5% | 6.3% |
| Dividend yield | 0.6% | 0.7% | 0.7% | 0.9% | 1.4% | 1.4% | 2.0% | 2.0% | 1.7% | 1.9% |
| Shareholder yield (dividends + buybacks) | 3.0% | 2.4% | 1.7% | 1.0% | 1.7% | 2.5% | 2.0% | 2.4% | 2.5% | 2.3% |
| Share price at fiscal year-end | $338.15 | $232.45 | $194.00 | $144.83 | $96.17 | $91.06 | $62.39 | $61.53 | $70.15 | $59.05 |
| Per share | ||||||||||
| Revenue per share | $131.20 | $117.57 | $114.10 | $112.51 | $97.45 | $82.35 | $83.22 | $88.68 | $78.24 | $65.82 |
| Earnings per share | $10.95 | $10.12 | $9.83 | $8.84 | $6.58 | $3.68 | $0.62 | $3.68 | $3.61 | $3.40 |
| Operating cash flow per share | $12.79 | $12.69 | $9.46 | $8.77 | $4.80 | $6.15 | $7.61 | $4.61 | $3.75 | $4.18 |
| Free cash flow per share | $12.16 | $11.98 | $8.83 | $8.10 | $4.33 | $5.75 | $7.09 | $4.13 | $3.16 | $3.75 |
| Cash per share | $3.36 | $10.01 | $11.73 | $8.77 | $4.72 | $6.56 | $6.89 | $2.76 | $1.38 | $2.67 |
| Book value per share | $49.18 | $47.52 | $43.02 | $37.19 | $29.39 | $23.73 | $21.63 | $22.91 | $20.75 | $18.91 |
| Tangible book value per share | $22.30 | $20.52 | $20.98 | $16.43 | $8.58 | $2.36 | −$1.03 | −$3.42 | −$6.81 | $9.53 |
| Dividends per share | $1.92 | $1.64 | $1.42 | $1.36 | $1.32 | $1.29 | $1.25 | $1.21 | $1.17 | $1.13 |
| Capex per share | $0.62 | $0.70 | $0.63 | $0.68 | $0.46 | $0.40 | $0.52 | $0.48 | $0.59 | $0.43 |
| Debt per share | $12.77 | $14.74 | $18.72 | $15.86 | $20.46 | $23.41 | $23.94 | $24.46 | $24.53 | $7.40 |
| Shares outstanding | 37.9M | 38.8M | 39.3M | 39.2M | 39.1M | 39.3M | 39.0M | 39.2M | 39.3M | 39.4M |
| Change in shares outstanding | −2.5% | −1.1% | +0.1% | +0.3% | −0.5% | +0.8% | −0.4% | −0.3% | −0.3% | −0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.4% | 22.2% | 24.5% | 26.6% | 24.7% | 16.3% | 2.8% | 16.8% | 18.2% | 19.1% |
| Return on invested capital (ROIC) | 19.7% | 19.6% | 20.8% | 20.8% | 16.6% | 10.8% | 2.7% | 10.0% | 11.8% | 15.1% |
| Return on assets (ROA) | 13.4% | 12.8% | 13.5% | 13.3% | 10.9% | 6.4% | 1.0% | 6.2% | 7.7% | 9.9% |
| Return on tangible assets | 20.8% | 18.5% | 18.5% | 18.0% | 15.7% | 10.1% | 1.7% | 11.1% | 11.8% | 13.2% |
| Free cash flow margin | 9.3% | 10.2% | 7.7% | 7.2% | 4.4% | 7.0% | 8.5% | 4.7% | 4.0% | 5.7% |
| Income quality (OCF / net income) | 1.17 | 1.25 | 0.96 | 0.99 | 0.73 | 1.67 | 12.34 | 1.25 | 1.04 | 1.23 |
| Financial health | ||||||||||
| Total debt | $483.4M | $572.3M | $734.9M | $622.1M | $800.2M | $920.0M | $933.8M | $957.9M | $963.7M | $291.6M |
| Cash & short-term investments | $127.1M | $388.4M | $460.6M | $344.0M | $184.5M | $257.7M | $268.6M | $108.2M | $54.1M | $105.1M |
| Net debt | $356.3M | $183.9M | $274.3M | $278.1M | $615.8M | $662.2M | $665.2M | $849.7M | $909.6M | $186.5M |
| Debt / equity | 0.26 | 0.31 | 0.44 | 0.43 | 0.70 | 0.99 | 1.11 | 1.07 | 1.18 | 0.39 |
| Debt / assets | 0.16 | 0.18 | 0.25 | 0.23 | 0.33 | 0.40 | 0.41 | 0.41 | 0.42 | 0.21 |
| Net debt / EBITDA | 0.58 | 0.32 | 0.48 | 0.53 | 1.50 | 2.52 | 2.35 | 2.86 | 3.26 | 0.87 |
| Current ratio | 2.58 | 3.32 | 3.53 | 3.05 | 2.72 | 2.80 | 2.72 | 2.71 | 2.45 | 2.85 |
| Quick ratio | 1.75 | 2.36 | 2.56 | 2.12 | 1.82 | 1.95 | 1.81 | 1.65 | 1.47 | 1.73 |
| Interest coverage | 69.2 | 14.5 | 24.1 | 19.1 | 13.4 | 6.7 | 2.4 | 5.7 | 9.4 | 19.8 |
| Working capital | $966.3M | $1.22B | $1.27B | $1.11B | $859.9M | $768.9M | $733.7M | $724.3M | $625.5M | $572.8M |
| Invested capital | $2.22B | $2.03B | $1.96B | $1.74B | $1.77B | $1.59B | $1.51B | $1.75B | $1.72B | $931.8M |
| Tangible asset value | $844.2M | $796.5M | $823.5M | $644.5M | $335.6M | $92.8M | −$40.3M | −$133.8M | −$267.6M | $375.6M |
| Net current asset value | $430.5M | $416.4M | $506.8M | $361.9M | $56.3M | −$142.7M | −$280.2M | −$286.5M | −$412.8M | $240.2M |
| Graham number | $110.07 | $104.04 | $97.53 | $86.01 | $65.98 | $44.35 | $17.32 | $43.53 | $41.02 | $38.03 |
| Graham net-net per share | −$3.21 | −$2.90 | −$0.13 | −$4.05 | −$10.27 | −$13.05 | −$16.39 | −$17.80 | −$20.21 | −$1.81 |
| Capital allocation | ||||||||||
| Dividends paid | $72.6M | $63.7M | $55.9M | $53.4M | $51.8M | $50.7M | $48.9M | $47.3M | $45.9M | $44.6M |
| Share buybacks (net) | $317.2M | $152.8M | $73.4M | $716,000 | $13.8M | $40.1M | $0 | $11.2M | $22.8M | $8.2M |
| Dividend payout ratio | 17.5% | 16.2% | 14.5% | 15.4% | 20.1% | 35.0% | 203.3% | 32.8% | 32.4% | 33.3% |
| Dividends + buybacks / free cash flow | 84.6% | 46.5% | 37.3% | 17.1% | 38.7% | 40.2% | 17.7% | 36.1% | 55.3% | 35.8% |
| Capex / revenue | 0.5% | 0.6% | 0.6% | 0.6% | 0.5% | 0.5% | 0.6% | 0.5% | 0.8% | 0.7% |
| Capex / operating cash flow | 4.9% | 5.5% | 6.7% | 7.7% | 9.7% | 6.6% | 6.8% | 10.5% | 15.8% | 10.4% |
| Capex / depreciation | 0.36 | 0.45 | 0.47 | 0.50 | 0.34 | 0.29 | 0.32 | 0.31 | 0.47 | 0.43 |
| Stock-based compensation / revenue | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.2% | 0.1% |
| SG&A / revenue | 19.3% | 19.4% | 18.8% | 18.4% | 19.7% | 21.0% | 22.1% | 22.1% | 21.4% | 20.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 59.9 | 60.3 | 58.9 | 56.4 | 56.2 | 54.5 | 55.7 | 57.3 | 55.8 | 52.0 |
| Days of inventory on hand | 53.5 | 57.0 | 57.5 | 55.5 | 54.8 | 59.6 | 66.2 | 64.4 | 64.0 | 67.2 |
| Days payables outstanding | 32.8 | 31.4 | 33.0 | 32.8 | 31.6 | 31.3 | 33.5 | 36.6 | 36.5 | 32.4 |
| Cash conversion cycle (days) | 80.6 | 85.9 | 83.3 | 79.2 | 79.4 | 82.8 | 88.4 | 85.1 | 83.3 | 86.8 |
| Receivables turnover | 6.10 | 6.06 | 6.20 | 6.47 | 6.50 | 6.70 | 6.55 | 6.37 | 6.54 | 7.02 |
| Payables turnover | 11.14 | 11.63 | 11.05 | 11.14 | 11.56 | 11.66 | 10.90 | 9.98 | 10.01 | 11.28 |
| Inventory turnover | 6.82 | 6.40 | 6.35 | 6.57 | 6.66 | 6.12 | 5.52 | 5.67 | 5.71 | 5.43 |
| Asset turnover | 1.61 | 1.49 | 1.57 | 1.70 | 1.61 | 1.42 | 1.41 | 1.50 | 1.67 | 1.92 |
| Average receivables | $814.8M | $753.6M | $723.0M | $682.4M | $586.4M | $483.2M | $495.4M | $544.9M | $469.9M | $369.4M |
| Average payables | $310.6M | $273.5M | $284.3M | $280.6M | $233.8M | $197.2M | $211.8M | $247.1M | $218.8M | $164.6M |
| Average inventory | $507.2M | $496.8M | $494.7M | $475.5M | $406.2M | $375.8M | $418.4M | $434.8M | $383.6M | $341.7M |
| Intangibles / total assets | 33.8% | 33.0% | 29.3% | 29.7% | 33.2% | 37.0% | 38.7% | 44.2% | 47.4% | 26.6% |
Computed from AIT's annual financial statements (latest annual report filed August 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AIT valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Applied Industrial Technologies traded at 30.9 times earnings, against a 10-year median of 19.6. Based on the latest twelve months, the trailing P/E is 30.2 and the forward P/E is 27.8. Applied Industrial Technologies earned a return on equity of 22.4% and a return on invested capital of 19.7% in fiscal 2026. It ended the year with $483.4 million of debt and $127.1 million in cash and short-term investments, net debt of $356.3 million. It returned $389.8 million to shareholders: $72.6 million in dividends and $317.2 million in share buybacks, 85% of free cash flow. The share count fell 3.9% from 39.4M to 37.9M over 9 years.
See the AIT income statement, the AIT chart for price history, or the AIT stock overview for the latest quote and news.
AIT key metrics FAQ
What is Applied Industrial Technologies's P/E ratio?
Applied Industrial Technologies's trailing P/E ratio is 30.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 27.8. At the end of fiscal 2026 it was 30.9, compared with a 10-year median of 19.6.
What is Applied Industrial Technologies's EV/EBITDA?
Applied Industrial Technologies's enterprise value was 21.3 times EBITDA at the end of fiscal 2026 (enterprise value $13.2 billion, EBITDA $618.2 million); the current EV/EBITDA is 19.7.
What is Applied Industrial Technologies's return on equity?
Applied Industrial Technologies's return on equity (ROE) was 22.4% in fiscal 2026: net income of $414.5 million on average shareholders' equity of $1.9 billion.
What is Applied Industrial Technologies's ROIC?
Applied Industrial Technologies's return on invested capital was 19.7% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Applied Industrial Technologies have?
Applied Industrial Technologies had total debt of $483.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.26 and $356.3 million of net debt (0.58 times EBITDA).
What is Applied Industrial Technologies's dividend yield?
Applied Industrial Technologies's forward dividend yield is 0.62%. Applied Industrial Technologies paid $72.6 million in dividends in fiscal 2026 ($1.92 per share), a payout ratio of 17.5%.
Does Applied Industrial Technologies buy back its shares?
Yes. Applied Industrial Technologies spent $317.2 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.5% over the year, to 37.9M..
What is Applied Industrial Technologies's free cash flow yield?
Applied Industrial Technologies generated $460.5 million of free cash flow in fiscal 2026, a free cash flow yield of 3.6% on its market value at year-end ($12.8 billion).
What is Applied Industrial Technologies's current ratio?
Applied Industrial Technologies's current ratio was 2.58 at the end of fiscal 2026: current assets were 2.58 times current liabilities.