Is Parker-Hannifin Corporation (PH) Undervalued?
Based on the current stock price of $888.08 and a P/E ratio of 31.65,Parker-Hannifin Corporation has a PEG ratio of 2.92.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 2.92, PH appears to be potentially overvalued relative to its growth rate of 10.84%.
Based on a PEG ratio of 2.72 (adjusted for dividends).
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How we analyzed PH
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 31.65and dividing it by the annual growth rate of 10.84%.
PEG = 31.65 (P/E) ÷ 10.84 (Growth) = 2.92
Frequently Asked Questions about PH
What is the current PEG Ratio for Parker-Hannifin Corporation (PH)?+
The current PEG Ratio for Parker-Hannifin Corporation is 2.92. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is PH stock undervalued right now?+
Based on the PEG ratio of 2.92, Parker-Hannifin Corporation appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for PH?+
The PEGY ratio for Parker-Hannifin Corporation is 2.72. This metric accounts for dividend yield (0.81%), providing a more complete valuation picture.