Parker-Hannifin Corp (PH)
Industrials · Industrial Machinery & Supplies & Components · US stock · S&P 500 component
$893.21
▼ -65.01 (6.78%)
Fair valueOvervalued
$725 −18.8% to fair value
$363fair band $617–$879$1,088
Day's range
$877.23 – $942.98
52-week range
$737.70 – $1,099.94
About Parker-Hannifin Corp
Parker-Hannifin makes motion and control technologies, including hydraulic, pneumatic and electromechanical components, filtration products, seals and aerospace systems. These parts are used in aircraft, factory equipment, trucks, construction machinery and many other applications. The company sells to manufacturers and through a large distributor network, and it earns revenue from original equipment sales as well as replacement parts and aftermarket service.
The X-Ray Score for Parker-Hannifin Corp is 50 out of 100. Revenue over the last twelve months was $21.5 billion, and it grew 4.1% a year over the past three years. The business shows an operating margin of 23.6% and a return on invested capital of 17%. Net debt to EBITDA is 1.6 times. A dividend is paid, with a yield of 0.9%.
Price chart
52-wk range $737.70 – $1,099.94Volume 1,249,181Daily, split-adjusted
Vitals
Market cap$114.4B
52-week range$737.70 – $1,099.94
Volume (last day)1,249,181
P/E (TTM)31.4
EBIT / EV yield4.1%
Free-cash-flow yield3.4%
Dividend yield0.9%
Revenue (TTM)$21.5B
Net income (TTM)$3.6B
Operating margin23.6%
Return on capital17.2%
Debt incl. leases$8.7B
Cash & securities$501M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$725middle half of models $632 – $807
Overvalued
−18.8% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $893
Undervalued < $617Fair $617 – $879Overvalued > $879
P/E multiple
$868
P/B multiple
$770
P/S multiple
$684
EV/EBITDA multiple
$791
EV/EBIT multiple
$779
EV/revenue multiple
$740
10-year DCF, EBITDA exit
$809
5-year DCF, EBITDA exit
$859
10-year DCF, revenue exit
$803
5-year DCF, revenue exit
$846
10-year DCF, growth exit
$506
5-year DCF, growth exit
$492
Dividend discount, stable · not used
$313
Dividend discount, multi-stage
$614
Earnings power value
$594
Growth the price implies
18.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
23/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.1%
Free-cash-flow yield3.4%
Fair value vs price0.8×
Growth
Fair
58/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)4.1%
EPS growth (3y)21.1%
Growth consistency80%
Profitability
Fair
55/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital17.2%
Operating margin23.6%
Gross profitability26.2%
Financial health
Fair
65/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA1.6×
Interest cover12.6×
Dividends
Fair
58/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.9%
Dividends vs free cash flow25%
Dividend growth10.0%
Quarterly results: last 6 quarters
-2.3%
Mar '25
+1.1%
Jun '25
+3.7%
Sep '25
+9.1%
Dec '25
+10.6%
Mar '26
+9.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.8B.
Compare with peers
SNA Snap-on Inc66 PNR PENTAIR plc62 XYL Xylem Inc.55 GWW W.W. Grainger, Inc.55Other Industrial Machinery & Supplies & Components companies by X-Ray Score.
SWOT analysis: Parker-Hannifin Corp
Strengthsinside the company
- Return on invested capital is 17.2%, against a median of 13.1% for industry peers.
- Operating margin of 23.6% is well above the 18.1% median of industry peers, a sign of pricing power or lower costs.
- Earnings per share have compounded at 21.1% a year over three years.
- Operating profit covers interest 13x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Revenue growth picked up to 8.3% last year from 4.1% a year over three years.
Threatsvaluation and setting
- The price is 19% above our fair value estimate, so there is little room for disappointment.
- The price trend is down on the daily and weekly signals.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare PH with peers and sector
Medians of 13 Industrial Machinery & Supplies & Components peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): ITW 46, GWW 55, IR 47, OTIS 55, DOV 49, XYL 55.
| Metric | PH | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 50 | 49 | 51 |
| Valuation | 23 | 57 | 48 |
| Growth | 58 | 37 | 50 |
| Profitability | 55 | 48 | 50 |
| Financial health | 65 | 47 | 49 |
| Dividends | 58 | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
PH ranks #43 of 81 in Industrials and #7 of 14 in Industrial Machinery & Supplies & Components by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for PH
Each factor is rated by where PH stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 6 Good · 13 Average · 4 Bad of 23
Growth: 2 · 1 · 0
Profitability: 2 · 3 · 0
Financial strength: 1 · 3 · 0
Valuation: 0 · 2 · 3
Cash flow: 1 · 2 · 1
Efficiency: 0 · 2 · 0
| Factor | PH | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +4.1% | Average beats 38% | +5.6% | – | – |
| Revenue growth, last year | +8.3% | Good beats 74% | +4.5% | +8.3% | ≈ In line |
| EPS growth, 3 years a year | +21.1% | Good beats 80% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 37.7% | Average beats 48% | 38.0% | 35.8% | ≈ In line |
| Operating margin | 23.6% | Good beats 81% | 17.5% | 20.4% | ▲ Better |
| Net margin | 17.0% | Good beats 73% | 12.8% | 14.3% | ▲ Better |
| Return on invested capital | 17.2% | Average beats 55% | 14.9% | – | – |
| Return on equity | 23.7% | Average beats 50% | 23.7% | 23.6% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 1.6x | Average beats 55% | 1.8x | 2.5x | ▲ Better |
| Interest cover | 12.6x | Average beats 37% | 21.4x | 10.6x | ▲ Better |
| Current ratio | 1.26 | Average beats 52% | 1.25 | 1.19 | ≈ In line |
| Piotroski F-score | 8 / 9 | Good beats 86% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 31.4x | Average beats 41% | 28.9x | 24.4x | ▼ Worse |
| Price / book | 7.4x | Average beats 41% | 6.2x | 5.5x | ▼ Worse |
| Price / sales | 5.3x | Bad beats 25% | 3.5x | 3.3x | ▼ Worse |
| EV / EBITDA | 24.2x | Bad beats 20% | 18.5x | 19.0x | ▼ Worse |
| Free cash flow yield | 3.4% | Bad beats 28% | 3.8% | 4.5% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | 18.2% | Good beats 74% | 13.8% | 15.0% | ▲ Better |
| Cash from operations / net income | 1.20 | Bad beats 29% | 1.39 | 1.20 | ≈ In line |
| Free cash flow growth, 3 years a year | +14.5% | Average beats 51% | +14.5% | – | – |
| Accruals (lower is better) | −2.3% | Average beats 38% | −3.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 4.2x | Average beats 57% | 4.0x | 4.4x | ≈ In line |
| Days sales outstanding | 54 days | Average beats 60% | 57 days | 54 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 10 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $15.9B | $19.1B | $19.9B | $19.9B | $21.5B |
| Operating income | $3.0B | $3.4B | $4.1B | $4.3B | $5.1B |
| Net income | $1.3B | $2.1B | $2.8B | $3.5B | $3.6B |
| Operating cash flow | $2.4B | $3.0B | $3.4B | $3.8B | $4.4B |
| Operating margin | 18.8% | 17.9% | 20.4% | 21.9% | 23.6% |
| Free cash flow | $2.2B | $2.6B | $3.0B | $3.3B | $3.9B |
| Diluted EPS | $10.09 | $16.04 | $21.84 | $27.12 | $28.48 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 951.7 | Bearish |
| EMA 10 | 946.6 | Bearish |
| SMA 20 | 959.5 | Bearish |
| EMA 20 | 954.1 | Bearish |
| SMA 50 | 971.7 | Bearish |
| EMA 50 | 962.6 | Bearish |
| SMA 100 | 964.6 | Bearish |
| EMA 100 | 957.8 | Bearish |
| SMA 200 | 947.1 | Bearish |
| EMA 200 | 926.9 | Bearish |
Oscillators (daily)
| RSI (14) | 31.76 | Neutral |
| MACD (12, 26) | -8.09 | Bearish |
| Momentum (12) | -9.31 | Bearish |
| Stochastic %K (14) | 13.92 | Bullish |
| Williams %R (14) | -86.08 | Bullish |
| CCI (20) | -354.7 | Bullish |
Pivot points (classic, last session)
S3 800.2 | S2 838.7 | S1 866.0 | Pivot 904.5 | R1 931.7 | R2 970.2 | R3 997.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
7.60 USD
Yield on today's price
0.85%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 2.0000 | |
| 2.0000 | |
| 1.8000 | |
| 1.8000 | |
| 1.8000 | |
| 1.8000 | |
| 1.6300 | |
| 1.6300 | |
| 1.6300 | |
| 1.6300 | |
| 1.4800 | |
| 1.4800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold PH
| ETF | Share of the fund |
|---|---|
| PPA Invesco Aerospace & Defense | 3.69% |
| PAVE Global X U.S. Infrastructure Developme... | 2.48% |
| XLI Industrial Select Sector SPDR | 2.14% |
| FIDU Fidelity MSCI Industrials Index | 1.75% |
| PWB Invesco Dynamic Large Cap Growth | 1.65% |
| NULV Nuveen ESG Large-Cap Value | 1.55% |
| DYNF iShares U.S. Equity Factor Rotation Ac... | 1.53% |
| VIS Vanguard Industrials | 1.51% |
The eight funds with the largest weight in PH among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
PH stock splits
PH has split its stock 3 times since 1995. The latest was a 3-for-2 split on 2 Oct 2007.
Full PH stock split history →PH SEC filings
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Other events
424B5SEC EDGAR
424B5
8-KSEC EDGAR
Other events
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Completed an acquisition or disposal
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.