Question 1

What is Applied Industrial Technologies's P/FCF ratio?

Accepted Answer

Applied Industrial Technologies (AIT) P/FCF ratio is 29.7× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Applied Industrial Technologies?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Applied Industrial Technologies specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is Applied Industrial Technologies's P/FCF ratio high or low?

Accepted Answer

Applied Industrial Technologies's P/FCF ratio of 29.7× is above its own 5-year average of 21.5× and above the sector median of 24.3×. That places the current reading at the 89th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Applied Industrial Technologies's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Applied Industrial Technologies (AIT) P/FCF ratio has ranged from a low of 5.9× in 2010 to a high of 36.8× in 2023. The 5-year average is 21.5× and the 5-year median is 21.2×.

Question 7

What was Applied Industrial Technologies's P/FCF ratio in 2025?

Accepted Answer

Applied Industrial Technologies (AIT) P/FCF ratio at the end of 2025 was 19.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Applied Industrial Technologies's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$8.83B	$465M	19.0×	-2.2×	Jun 30, 2025
2024	$7.34B	$347M	21.2×	+3.5×	Jun 30, 2024
2023	$5.6B	$317M	17.6×	-4.2×	Jun 30, 2023
2022	$3.7B	$169M	21.8×	+6.2×	Jun 30, 2022
2021	$3.52B	$226M	15.6×	+6.9×	Jun 30, 2021
2020	$2.41B	$277M	8.7×	-5.8×	Jun 30, 2020
2019	$2.35B	$162M	14.6×	-7.3×	Jun 30, 2019
2018	$2.71B	$124M	21.9×	+6.3×	Jun 30, 2018
2017	$2.3B	$148M	15.6×	+3.7×	Jun 30, 2017
2016	$1.76B	$148M	11.9×	+0.5×	Jun 30, 2016
2015	$1.59B	$140M	11.4×	-12.1×	Jun 30, 2015
2014	$2.11B	$89.9M	23.5×	+2.4×	Jun 30, 2014
2013	$2.09B	$99.2M	21.1×	-3.0×	Jun 30, 2013
2012	$1.55B	$64.4M	24.1×	-2.7×	Jun 30, 2012
2011	$1.51B	$56.4M	26.8×	+20.7×	Jun 30, 2011
2010	$1.07B	$177M	6.1×	-5.2×	Jun 30, 2010
2009	$833M	$74.3M	11.2×	+1.2×	Jun 30, 2009
2008	$1.02B	$102M	10.0×	-11.3×	Jun 30, 2008
2007	$1.27B	$59.7M	21.3×	+3.2×	Jun 30, 2007
2006	$1.07B	$58.8M	18.2×	+4.7×	Jun 30, 2006
2005	$968M	$71.8M	13.5×	-7.0×	Jun 30, 2005
2004	$587M	$28.7M	20.5×	+13.1×	Jun 30, 2004
2003	$401M	$54.5M	7.4×	+1.1×	Jun 30, 2003
2002	$370M	$58.9M	6.3×	—	Jun 30, 2002


Thomson Reuters (TRI)	18.8×
PACCAR (PCAR)	18.6×
United Parcel Service (UPS)	18.5×
Gorman-Rupp (GRC)	18.5×
Alamo Group (ALG)	18.0×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
United Airlines Holdings (UAL)	17.5×
Honeywell International (HON)	17.4×
Equifax (EFX)	17.0×
Norfolk Southern (NSC)	16.9×
FedEx (FDX)	15.9×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Masco (MAS)	13.0×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	10.1×
ABM Industries (ABM)	7.2×
Upwork (UPWK)	6.3×

P/FCF Ratio for Applied Industrial Technologies (AIT) 2002-2026

P/FCF Ratio daily chart for Applied Industrial Technologies (AIT)

Historical P/FCF Ratio for Applied Industrial Technologies (AIT) from 2002 to 2025

About P/FCF Ratio at Applied Industrial Technologies (AIT)

Applied Industrial Technologies P/FCF Ratio by Year

Applied Industrial Technologies P/FCF Ratio 2025: 19.0×

Applied Industrial Technologies P/FCF Ratio 2024: 21.2×

Applied Industrial Technologies P/FCF Ratio 2023: 17.6×

Applied Industrial Technologies P/FCF Ratio 2022: 21.8×

Applied Industrial Technologies P/FCF Ratio 2021: 15.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Applied Industrial Technologies (AIT) Key Financials