PH P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
PH's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
PH P/E ratio by year
Yearly range of PH’s p/e ratio from 2016 to 2026. Over the full period it ranged from 9.3 to 37.7, averaging 24.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 30.4 | 34.3 | 37.7 | 33.8 |
| 2025 | 19.9 | 27.0 | 32.1 | 32.1 |
| 2024 | 22.3 | 26.6 | 32.0 | 26.3 |
| 2023 | 20.3 | 27.8 | 37.5 | 25.6 |
| 2022 | 18.3 | 24.8 | 32.4 | 30.3 |
| 2021 | 19.5 | 24.1 | 29.0 | 23.0 |
| 2020 | 9.3 | 20.4 | 30.7 | 24.8 |
| 2019 | 13.8 | 15.9 | 19.6 | 19.6 |
| 2018 | 14.2 | 23.3 | 32.9 | 14.2 |
| 2017 | 21.5 | 23.3 | 25.7 | 25.7 |
| 2016 | 19.8 | 21.8 | 24.1 | 23.3 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is PH P/E ratio High or Low Right Now?
Parker-Hannifin Corporation's P/E ratio is currently 33.8, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for PH is approximately 24.0. See all PH valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.