Applied Industrial Technologies Inc (AIT)

Wholesale-Machinery, Equipment & Supplies

Latest Price

$294.12

TTM P/E

Normalized P/E

31.21

TTM Div Yield

0.33%

Fwd Div Yield

0.69%

Book Value

51.34

P/B Ratio

5.73

Valuation metrics

EPS: $10.95

Book value / share: $50.59

Formula: √(22.5 × EPS × BVPS)

Graham Number

$111.64

63% downside

Norm. op. income: $473M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$95.89

68% downside

Base FCF: $347M (median of recent 5yr)

Growth: 4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$146.23

52% downside

EPS: $10.95

Target P/E: 32×

Formula: EPS × P/E

P/E Fair Value

$350.40

+16% upside

95.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.95M	$1.34B	10.80%	+114.7K	2026-06-30
Vanguard Portfolio Management LLC	2.11M	$713.0M	5.77%	-11.0K	2026-06-30
Vanguard Capital Management LLC	1.67M	$563.0M	4.55%	-2.9K	2026-06-30
AQR Capital Management LLC	1.34M	$451.0M	3.67%	+423.8K	2026-06-30
State Street Corp	1.23M	$414.0M	3.35%	+18.7K	2026-06-30
First Trust Advisors LP	1.01M	$340.0M	2.75%	+28.4K	2026-06-30
Geode Capital Management, LLC	939.3K	$317.0M	2.57%	+38.7K	2026-06-30
Fuller & Thaler Asset Management, Inc.	893.7K	$302.0M	2.44%	+331.0K	2026-06-30
Dimensional Fund Advisors LP	721.0K	$243.0M	1.97%	-264	2026-06-30
Wellington Management Group LLP	631.6K	$213.0M	1.73%	-123.0K	2026-06-30