Parker-Hannifin Corporation (PH) Key Metrics
PH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $121.49B
- Enterprise value
- $129.70B
- P/E (TTM)
- 33.8 10-yr median 23.1
- Forward P/E
- 27.5
- PEG ratio
- 3.23
- Price / sales
- 5.7 10-yr median 2.3
- Price / book
- 7.9 10-yr median 4.5
- EV / EBITDA
- 22.0 10-yr median 15.1
- Dividend yield
- 0.83% $8.00 a year
- Beta
- 1.12
PH key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsPH valuation Price multiples at each fiscal year-end price.
PH returns How much profit the business earns on the capital it uses.
PH per-share figures Results divided by the shares outstanding at year-end.
PH financial health Debt, liquidity and how easily interest is covered.
PH efficiency & capital use Working capital cycle and where the cash goes.
PH valuation history
PH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PH cash returned to shareholders
PH price vs earnings per share
PH key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $125.30B | $90.94B | $65.88B | $50.64B | $32.07B | $40.18B | $23.79B | $22.40B | $21.11B | $21.67B |
| Enterprise value | $133.32B | $100.11B | $76.43B | $63.14B | $37.12B | $46.22B | $31.49B | $26.14B | $25.21B | $26.61B |
| P/E ratio | 34.3 | 25.8 | 23.2 | 24.3 | 24.4 | 23.0 | 19.8 | 14.8 | 19.9 | 22.0 |
| Price / sales | 5.8 | 4.6 | 3.3 | 2.7 | 2.0 | 2.8 | 1.7 | 1.6 | 1.5 | 1.8 |
| Price / book | 8.1 | 6.6 | 5.5 | 4.9 | 3.6 | 4.8 | 3.8 | 3.8 | 3.6 | 4.1 |
| Price / free cash flow | 32.1 | 27.2 | 22.1 | 19.5 | 14.5 | 17.0 | 12.9 | 14.6 | 15.6 | 19.8 |
| Price / operating cash flow | 28.7 | 24.1 | 19.5 | 17.0 | 13.1 | 15.6 | 11.5 | 12.9 | 13.2 | 16.7 |
| EV / sales | 6.2 | 5.0 | 3.8 | 3.3 | 2.3 | 3.2 | 2.3 | 1.8 | 1.8 | 2.2 |
| EV / EBITDA | 22.6 | 18.5 | 15.2 | 15.5 | 15.2 | 14.9 | 13.4 | 10.2 | 10.6 | 14.4 |
| EV / free cash flow | 34.1 | 30.0 | 25.6 | 24.3 | 16.8 | 19.5 | 17.1 | 17.0 | 18.7 | 24.3 |
| Earnings yield | 2.9% | 3.9% | 4.3% | 4.1% | 4.1% | 4.3% | 5.1% | 6.8% | 5.0% | 4.5% |
| Free cash flow yield | 3.1% | 3.7% | 4.5% | 5.1% | 6.9% | 5.9% | 7.7% | 6.9% | 6.4% | 5.1% |
| Dividend yield | 0.7% | 0.9% | 1.2% | 1.4% | 1.8% | 1.2% | 1.9% | 1.8% | 1.7% | 1.6% |
| Shareholder yield (dividends + buybacks) | 1.8% | 2.9% | 1.7% | 2.0% | 3.2% | 1.7% | 2.8% | 5.7% | 3.5% | 3.2% |
| Share price at fiscal year-end | $978.12 | $698.47 | $505.81 | $390.04 | $246.05 | $307.11 | $183.27 | $170.01 | $155.85 | $159.82 |
| Per share | ||||||||||
| Revenue per share | $167.83 | $152.46 | $153.02 | $146.86 | $121.68 | $109.66 | $105.51 | $108.67 | $105.61 | $88.74 |
| Earnings per share | $28.49 | $27.12 | $21.84 | $16.04 | $10.09 | $13.35 | $9.26 | $11.48 | $7.83 | $7.25 |
| Operating cash flow per share | $34.07 | $29.00 | $25.99 | $22.95 | $18.73 | $19.68 | $15.95 | $13.13 | $11.79 | $9.59 |
| Free cash flow per share | $30.48 | $25.66 | $22.91 | $20.02 | $16.97 | $18.08 | $14.16 | $11.65 | $9.96 | $8.09 |
| Cash per share | $3.91 | $3.59 | $3.24 | $3.72 | $51.21 | $5.90 | $5.83 | $25.58 | $6.31 | $6.82 |
| Book value per share | $120.25 | $105.08 | $92.69 | $79.55 | $67.88 | $64.19 | $47.97 | $45.24 | $43.27 | $38.81 |
| Tangible book value per share | −$23.30 | −$33.69 | −$48.00 | −$67.42 | −$15.56 | −$24.31 | −$41.92 | −$9.68 | −$12.26 | −$19.42 |
| Dividends per share | $7.31 | $6.61 | $6.00 | $5.42 | $4.37 | $3.63 | $3.50 | $3.13 | $2.70 | $2.55 |
| Capex per share | $3.58 | $3.34 | $3.07 | $2.93 | $1.76 | $1.60 | $1.79 | $1.48 | $1.83 | $1.50 |
| Debt per share | $66.51 | $74.04 | $84.26 | $100.02 | $89.88 | $52.07 | $65.19 | $53.94 | $36.60 | $43.30 |
| Shares outstanding | 128.1M | 130.2M | 130.2M | 129.8M | 130.4M | 130.8M | 129.8M | 131.8M | 135.4M | 135.6M |
| Change in shares outstanding | −1.6% | −0.0% | +0.3% | −0.4% | −0.4% | +0.8% | −1.5% | −2.7% | −0.1% | −1.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 25.1% | 27.4% | 25.4% | 21.7% | 15.3% | 23.9% | 19.7% | 25.6% | 19.1% | 20.0% |
| Return on invested capital (ROIC) | 16.0% | 15.4% | 13.6% | 13.6% | 16.2% | 13.2% | 13.4% | 16.9% | 12.4% | 13.7% |
| Return on assets (ROA) | 12.1% | 12.0% | 9.6% | 7.5% | 5.7% | 8.7% | 6.4% | 9.2% | 6.9% | 7.1% |
| Return on tangible assets | 29.2% | 30.9% | 25.9% | 19.1% | 8.7% | 19.9% | 14.6% | 14.6% | 13.6% | 12.9% |
| Free cash flow margin | 18.2% | 16.8% | 15.0% | 13.6% | 13.9% | 16.5% | 13.4% | 10.7% | 9.4% | 9.1% |
| Income quality (OCF / net income) | 1.20 | 1.07 | 1.19 | 1.43 | 1.86 | 1.47 | 1.72 | 1.14 | 1.51 | 1.32 |
| Financial health | ||||||||||
| Total debt | $8.52B | $9.64B | $10.97B | $12.98B | $11.72B | $6.81B | $8.46B | $7.11B | $4.96B | $5.87B |
| Cash & short-term investments | $501.0M | $467.0M | $422.0M | $483.6M | $6.68B | $772.2M | $756.3M | $3.37B | $855.1M | $924.2M |
| Net debt | $8.02B | $9.17B | $10.55B | $12.50B | $5.04B | $6.04B | $7.71B | $3.74B | $4.10B | $4.95B |
| Debt / equity | 0.55 | 0.70 | 0.91 | 1.26 | 1.32 | 0.81 | 1.36 | 1.19 | 0.85 | 1.12 |
| Debt / assets | 0.28 | 0.33 | 0.37 | 0.43 | 0.45 | 0.33 | 0.43 | 0.40 | 0.32 | 0.38 |
| Net debt / EBITDA | 1.36 | 1.69 | 2.10 | 3.07 | 2.07 | 1.95 | 3.27 | 1.46 | 1.72 | 2.68 |
| Current ratio | 1.26 | 1.19 | 0.93 | 0.88 | 2.06 | 1.81 | 1.60 | 2.43 | 1.59 | 1.41 |
| Quick ratio | 0.74 | 0.71 | 0.55 | 0.51 | 1.68 | 1.14 | 0.98 | 1.90 | 1.08 | 0.95 |
| Interest coverage | 11.6 | 9.9 | 7.7 | 5.6 | 11.0 | 9.6 | 6.4 | 11.2 | 9.4 | 8.9 |
| Working capital | $1.60B | $1.13B | −$514.7M | −$901.1M | $6.19B | $2.52B | $1.89B | $4.52B | $1.89B | $1.38B |
| Invested capital | $23.42B | $22.86B | $22.62B | $22.83B | $13.89B | $14.44B | $13.93B | $9.70B | $9.96B | $10.21B |
| Tangible asset value | −$2.98B | −$4.38B | −$6.24B | −$8.74B | −$2.02B | −$3.17B | −$5.43B | −$1.27B | −$1.65B | −$2.63B |
| Net current asset value | −$7.77B | −$8.85B | −$10.42B | −$12.79B | −$5.04B | −$6.31B | −$8.61B | −$3.94B | −$4.37B | −$5.44B |
| Graham number | $277.62 | $253.22 | $213.41 | $169.46 | $124.15 | $138.84 | $99.98 | $108.08 | $87.33 | $79.60 |
| Graham net-net per share | −$84.12 | −$87.43 | −$99.06 | −$117.42 | −$54.59 | −$62.69 | −$79.60 | −$42.12 | −$43.81 | −$50.78 |
| Capital allocation | ||||||||||
| Dividends paid | $936.0M | $861.0M | $782.0M | $704.1M | $569.9M | $475.2M | $453.8M | $412.5M | $365.3M | $345.4M |
| Share buybacks (net) | $1.26B | $1.77B | $332.1M | $293.8M | $457.2M | $214.1M | $213.4M | $860.1M | $381.0M | $338.1M |
| Dividend payout ratio | 25.7% | 24.4% | 27.5% | 33.8% | 43.3% | 27.2% | 37.8% | 27.3% | 34.4% | 35.1% |
| Dividends + buybacks / free cash flow | 56.3% | 78.6% | 37.3% | 38.4% | 46.4% | 29.1% | 36.3% | 82.9% | 55.3% | 62.3% |
| Capex / revenue | 2.1% | 2.2% | 2.0% | 2.0% | 1.5% | 1.5% | 1.7% | 1.4% | 1.7% | 1.7% |
| Capex / operating cash flow | 10.5% | 11.5% | 11.8% | 12.8% | 9.4% | 8.2% | 11.2% | 11.3% | 15.5% | 15.7% |
| Capex / depreciation | 0.49 | 0.48 | 0.43 | 0.47 | 0.40 | 0.35 | 0.43 | 0.45 | 0.53 | 0.57 |
| Stock-based compensation / revenue | 0.8% | 0.8% | 0.8% | 0.7% | 0.9% | 0.8% | 0.8% | 0.7% | 0.8% | 0.7% |
| R&D / revenue | — | 1.2% | 1.3% | 1.4% | 1.2% | 1.8% | 2.1% | 2.1% | 2.3% | 2.8% |
| SG&A / revenue | 4.1% | 16.4% | 16.6% | 17.2% | 10.3% | 11.0% | 12.1% | 10.8% | 11.6% | 12.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 58.1 | 61.7 | 60.4 | 59.1 | 62.8 | 59.1 | 60.8 | 62.9 | 59.5 | 60.9 |
| Days of inventory on hand | 81.8 | 81.9 | 81.4 | 74.2 | 68.5 | 70.9 | 65.1 | 56.5 | 54.2 | 54.3 |
| Days payables outstanding | 62.2 | 59.9 | 57.8 | 54.8 | 54.1 | 48.6 | 45.1 | 48.7 | 46.6 | 46.6 |
| Cash conversion cycle (days) | 77.8 | 83.7 | 84.0 | 78.5 | 77.2 | 81.3 | 80.8 | 70.7 | 67.0 | 68.6 |
| Receivables turnover | 6.28 | 5.92 | 6.04 | 6.18 | 5.81 | 6.18 | 6.00 | 5.80 | 6.14 | 6.00 |
| Payables turnover | 5.87 | 6.09 | 6.32 | 6.66 | 6.75 | 7.51 | 8.09 | 7.50 | 7.83 | 7.83 |
| Inventory turnover | 4.46 | 4.46 | 4.49 | 4.92 | 5.33 | 5.15 | 5.61 | 6.47 | 6.74 | 6.72 |
| Asset turnover | 0.71 | 0.68 | 0.67 | 0.68 | 0.69 | 0.71 | 0.73 | 0.87 | 0.93 | 0.87 |
| Average receivables | $3.42B | $3.36B | $3.30B | $3.09B | $2.73B | $2.32B | $2.28B | $2.47B | $2.33B | $2.01B |
| Average payables | $2.28B | $2.06B | $2.02B | $1.89B | $1.70B | $1.39B | $1.26B | $1.42B | $1.37B | $1.17B |
| Average inventory | $3.00B | $2.81B | $2.85B | $2.56B | $2.15B | $2.03B | $1.82B | $1.65B | $1.59B | $1.36B |
| Intangibles / total assets | 59.6% | 61.3% | 62.5% | 63.7% | 41.9% | 56.9% | 58.7% | 41.2% | 49.1% | 51.0% |
Computed from PH's annual financial statements (latest annual report filed August 21, 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.
PH valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Parker-Hannifin traded at 34.3 times earnings, against a 10-year median of 23.1. Based on the latest twelve months, the trailing P/E is 33.8 and the forward P/E is 27.5. Parker-Hannifin earned a return on equity of 25.1% and a return on invested capital of 16.0% in fiscal 2026. It ended the year with $8.5 billion of debt and $501.0 million in cash and short-term investments, net debt of $8.0 billion. It returned $2.2 billion to shareholders: $936.0 million in dividends and $1.3 billion in share buybacks, 56% of free cash flow. The share count fell 5.5% from 135.6M to 128.1M over 9 years.
See the PH income statement, the PH chart for price history, or the PH stock overview for the latest quote and news.
PH key metrics FAQ
What is Parker-Hannifin's P/E ratio?
Parker-Hannifin's trailing P/E ratio is 33.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 27.5. At the end of fiscal 2026 it was 34.3, compared with a 10-year median of 23.1.
What is Parker-Hannifin's EV/EBITDA?
Parker-Hannifin's enterprise value was 22.6 times EBITDA at the end of fiscal 2026 (enterprise value $133.3 billion, EBITDA $5.9 billion); the current EV/EBITDA is 22.0.
What is Parker-Hannifin's return on equity?
Parker-Hannifin's return on equity (ROE) was 25.1% in fiscal 2026: net income of $3.6 billion on average shareholders' equity of $14.5 billion.
What is Parker-Hannifin's ROIC?
Parker-Hannifin's return on invested capital was 16.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Parker-Hannifin have?
Parker-Hannifin had total debt of $8.5 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.55 and $8.0 billion of net debt (1.36 times EBITDA).
What is Parker-Hannifin's dividend yield?
Parker-Hannifin's forward dividend yield is 0.83%. Parker-Hannifin paid $936.0 million in dividends in fiscal 2026 ($7.31 per share), a payout ratio of 25.7%.
Does Parker-Hannifin buy back its shares?
Yes. Parker-Hannifin spent $1.3 billion on net share repurchases in fiscal 2026 Shares outstanding changed −1.6% over the year, to 128.1M..
What is Parker-Hannifin's free cash flow yield?
Parker-Hannifin generated $3.9 billion of free cash flow in fiscal 2026, a free cash flow yield of 3.1% on its market value at year-end ($125.3 billion).
What is Parker-Hannifin's current ratio?
Parker-Hannifin's current ratio was 1.26 at the end of fiscal 2026: current assets were 1.26 times current liabilities.