Current EV
Historical EV

Parker-Hannifin Corp., current enterprise value calculation

Current share price (P)	$349.02
No. shares of common stock outstanding	128,266,030
US$ in thousands
Common equity (market value)¹	44,767,410)
Add: Serial preferred stock, $.50 par value; none issued (per books)	—)
Add: Noncontrolling interests (per books)	11,909)
Total equity	44,779,319)
Add: Notes payable and long-term debt payable within one year (per books)	1,724,310)
Add: Long-term debt, excluding payable within one year (per books)	9,755,825)
Total equity and debt	56,259,454)
Less: Cash and cash equivalents	535,799)
Less: Marketable securities and other investments	27,862)
Enterprise value (EV)	55,695,793)

Based on: 10-K (reporting date: 2022-06-30).

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 349.02 × 128,266,030

Parker-Hannifin Corp., EV calculation

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Share price^1, 2	$285.40	$303.51	$209.78	$158.03	$171.53	$157.30
No. shares of common stock outstanding¹	128,402,997	129,101,437	128,561,616	128,441,799	132,360,024	133,129,936
US$ in thousands
Common equity (market value)³	36,646,215)	39,183,577)	26,969,656)	20,297,657)	22,703,715)	20,941,339)
Add: Serial preferred stock, $.50 par value; none issued (book value)	—)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	11,909)	15,363)	14,546)	6,183)	5,627)	5,697)
Total equity	36,658,124)	39,198,940)	26,984,202)	20,303,840)	22,709,342)	20,947,036)
Add: Notes payable and long-term debt payable within one year (book value)	1,724,310)	2,824)	809,529)	587,014)	638,466)	1,008,465)
Add: Long-term debt, excluding payable within one year (book value)	9,755,825)	6,582,053)	7,652,256)	6,520,831)	4,318,559)	4,861,895)
Total equity and debt	48,138,259)	45,783,817)	35,445,987)	27,411,685)	27,666,367)	26,817,396)
Less: Cash and cash equivalents	535,799)	733,117)	685,514)	3,219,767)	822,137)	884,886)
Less: Marketable securities and other investments	27,862)	39,116)	70,805)	150,931)	32,995)	39,318)
Enterprise value (EV)	47,574,598)	45,011,584)	34,689,668)	24,040,987)	26,811,235)	25,893,192)

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).

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Parker-Hannifin Corp. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 285.40 × 128,402,997

Common Equity (Market Value): The common equity (market value) exhibited an overall increasing trend from 2017 through 2021, rising from approximately $20.9 billion to $39.2 billion. This represents a near doubling over that period. However, there was a decline in 2022, with the figure decreasing to about $36.6 billion, indicating a pullback after the peak in 2021.
Total Equity: Total equity closely mirrored the trend observed in common equity (market value). It showed steady growth from about $20.9 billion in 2017 to nearly $39.2 billion in 2021, followed by a slight reduction to approximately $36.7 billion in 2022. This alignment suggests limited disparity between book values and market valuations over the years.
Total Equity and Debt: The combined total of equity and debt presented a consistent upward trajectory throughout the period. Starting at roughly $26.8 billion in 2017, it increased steadily each year to reach $48.1 billion by 2022. The growth was particularly notable between 2019 and 2020, with a jump from $27.4 billion to $35.4 billion, indicating possible significant debt accumulation or equity infusions during that time.
Enterprise Value (EV): Enterprise value followed a generally increasing pattern from 2017 to 2022, moving from approximately $25.9 billion to $47.6 billion. Similar to total equity and debt, EV saw a pronounced increase between 2019 and 2020. The steady rise in EV signals growing market capitalization adjusted for debt, reflecting elevated overall company valuation during this timeframe.

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Parker-Hannifin Corp. (NYSE:PH)

Enterprise Value (EV)

Current Enterprise Value (EV)

Historical Enterprise Value (EV)