Price to Book Value (P/BV)
since 2005
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Parker-Hannifin Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Aggregate Accruals
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Calculation
Parker-Hannifin Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Shareholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 24, 2022 | = | ÷ | = | ÷ | |||||||
| Aug 25, 2021 | = | ÷ | = | ÷ | |||||||
| Aug 26, 2020 | = | ÷ | = | ÷ | |||||||
| Aug 23, 2019 | = | ÷ | = | ÷ | |||||||
| Aug 24, 2018 | = | ÷ | = | ÷ | |||||||
| Aug 25, 2017 | = | ÷ | = | ÷ | |||||||
| Aug 26, 2016 | = | ÷ | = | ÷ | |||||||
| Aug 26, 2015 | = | ÷ | = | ÷ | |||||||
| Aug 22, 2014 | = | ÷ | = | ÷ | |||||||
| Aug 29, 2013 | = | ÷ | = | ÷ | |||||||
| Aug 24, 2012 | = | ÷ | = | ÷ | |||||||
| Aug 26, 2011 | = | ÷ | = | ÷ | |||||||
| Aug 26, 2010 | = | ÷ | = | ÷ | |||||||
| Aug 27, 2009 | = | ÷ | = | ÷ | |||||||
| Aug 28, 2008 | = | ÷ | = | ÷ | |||||||
| Aug 29, 2007 | = | ÷ | = | ÷ | |||||||
| Sep 6, 2006 | = | ÷ | = | ÷ | |||||||
| Sep 2, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Parker-Hannifin Corp. Annual Report.
- Share Price Trend
- The share price exhibited a general upward trend over the examined period, increasing from $42.97 in 2005 to a peak of $303.51 in 2021. Despite this overall growth, there were periods of volatility and correction, such as a decline from $70.60 in 2007 to $49.68 in 2009, likely reflecting broader market conditions. After recovering post-2009, the price consistently rose, with some fluctuations between 2014 and 2019. The highest value of $303.51 in 2021 was followed by a slight decrease to $285.40 in 2022, indicating a modest pullback after significant gains.
- Book Value Per Share (BVPS) Evolution
- Book value per share showed a steady increase from $18.60 in 2005 to $68.91 in 2022. There were intermittent periods of stagnation and slight decreases, notably between 2008 and 2012, and again around 2015 to 2016 where BVPS declined from $44.76 to $34.17. However, from 2017 onwards, BVPS resumed growth, culminating at its highest point in 2022. This long-term upward trajectory suggests continuing accumulation of shareholder equity over time.
- Price-to-Book Value (P/BV) Ratio Analysis
- The P/BV ratio displayed fluctuating trends throughout the duration. Initial values hovered around 2.0 to 2.6 in the earlier years, with a low of 1.86 in 2009 coinciding with the global financial crisis. After 2012, the ratio increased significantly, reaching a peak of 4.67 in 2021. This rising P/BV ratio signals an increasing premium investors were willing to pay over book value, possibly reflecting expectations of higher future earnings or intangible asset growth. The slight decline to 4.14 in 2022 indicates a modest correction but still represents a relatively high valuation multiple compared to earlier periods.
Comparison to Competitors
Parker-Hannifin Corp., P/BV, long-term trends, comparison to competitors
| Parker-Hannifin Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Aug 24, 2022 | ||||||||
| Aug 25, 2021 | ||||||||
| Aug 26, 2020 | ||||||||
| Aug 23, 2019 | ||||||||
| Aug 24, 2018 | ||||||||
| Aug 25, 2017 | ||||||||
| Aug 26, 2016 | ||||||||
| Aug 26, 2015 | ||||||||
| Aug 22, 2014 | ||||||||
| Aug 29, 2013 | ||||||||
| Aug 24, 2012 | ||||||||
| Aug 26, 2011 | ||||||||
| Aug 26, 2010 | ||||||||
| Aug 27, 2009 | ||||||||
| Aug 28, 2008 | ||||||||
| Aug 29, 2007 | ||||||||
| Sep 6, 2006 | ||||||||
| Sep 2, 2005 |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Capital Goods)
Parker-Hannifin Corp., P/BV, long-term trends, comparison to sector (capital goods)
| Parker-Hannifin Corp. | Capital Goods | |
|---|---|---|
| Aug 24, 2022 | ||
| Aug 25, 2021 | ||
| Aug 26, 2020 | ||
| Aug 23, 2019 | ||
| Aug 24, 2018 | ||
| Aug 25, 2017 | ||
| Aug 26, 2016 | ||
| Aug 26, 2015 | ||
| Aug 22, 2014 | ||
| Aug 29, 2013 | ||
| Aug 24, 2012 | ||
| Aug 26, 2011 | ||
| Aug 26, 2010 | ||
| Aug 27, 2009 | ||
| Aug 28, 2008 | ||
| Aug 29, 2007 | ||
| Sep 6, 2006 | ||
| Sep 2, 2005 |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Industrials)
Parker-Hannifin Corp., P/BV, long-term trends, comparison to industry (industrials)
| Parker-Hannifin Corp. | Industrials | |
|---|---|---|
| Aug 24, 2022 | ||
| Aug 25, 2021 | ||
| Aug 26, 2020 | ||
| Aug 23, 2019 | ||
| Aug 24, 2018 | ||
| Aug 25, 2017 | ||
| Aug 26, 2016 | ||
| Aug 26, 2015 | ||
| Aug 22, 2014 | ||
| Aug 29, 2013 | ||
| Aug 24, 2012 | ||
| Aug 26, 2011 | ||
| Aug 26, 2010 | ||
| Aug 27, 2009 | ||
| Aug 28, 2008 | ||
| Aug 29, 2007 | ||
| Sep 6, 2006 | ||
| Sep 2, 2005 |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).